IndiQube Spaces Share Price: ₹225–₹237 IPO Price Band Announced; Subscription Opens July 23

Market Performance

IndiQube Spaces is launching its ₹700 crore IPO, priced at ₹225–₹237 per share, opening July 23 to July 25 and drawing keen investor interest.

• IPO Size: ₹700 crore | Price Band: ₹225–₹237 per share | Lot Size: 63 shares

Anchor investor bidding opens a day prior, on July 22, while the share allotment is likely to be finalized on July 28. The listing is tentatively scheduled on BSE and NSE by July 30.

Main News

IndiQube Spaces' IPO structure strategically balances a fresh equity issue of ₹650 crore, enhancing growth capital, and an Offer for Sale (OFS) of ₹50 crore, providing liquidity for promoters.

Under the OFS:

• Rishi Das (Promoter): Selling shares worth ₹25 crore
• Meghna Agarwal (Promoter): Selling shares worth ₹25 crore

IPO proceeds aim to maximize shareholder value: ₹426.6 crore will drive expansion through capital expenditure, supporting IndiQube’s scale-up in key markets.

• ₹100 crore for debt repayment
• Remaining for general corporate purposes

Company Details

Founded in 2015, IndiQube Spaces Ltd. is a leading provider of managed workplace solutions across India. With a robust technology infrastructure and expansive presence in 13 cities, IndiQube is well-positioned to deliver sustained returns to investors.

Key highlights:

• Workplace tech stack: MiQube (1M+ transactions in FY25)
• Total Centers Managed: 103
• Cities Covered: 13
• Total AUM: 7.76 million sq. ft.
• Total Seats: 172,451
• New Properties Added (Mar 2022 – Jun 2024): 41
• New Cities Added: 5

The company's MiQube technology enables one-touch access to essential services like meeting room bookings and meal ordering, enhancing operational efficiency and client satisfaction.

Financial Overview

Revenue

• Revenue grew 27% year-on-year in FY25.

Net Profits

• Net profit rose 59% in FY25.

Summary of the Article

IndiQube Spaces is set for its ₹700 crore IPO on July 23, 2025, leveraging strong growth in revenue (+27%) and profit (+59%) last fiscal year, all driven by their tech-focused workplace model.

With a balanced IPO mix of new issue and sale, IndiQube targets capital expenditure, debt reduction, and future expansion—core drivers of shareholder value. Operations in 13 cities further cement IndiQube’s growth trajectory in India’s flexible workspace market for discerning investors.