Mumbai: Indiqube Spaces Limited, a leading provider of managed office spaces in India, has announced the launch of its Initial Public Offering (Indiqube Spaces IPO), scheduled to open on Wednesday, July 23, 2025. The price band for the IPO is fixed between ₹225 to ₹237 per equity share with a face value of ₹1 each.
Previously known as Indiqube Spaces Private Limited and Innovent Spaces Private Limited, the company is targeting to raise up to ₹7,000 million through the public issue, comprising a fresh issue of ₹6,500 million and an offer for sale (OFS) of ₹500 million by promoter shareholders Rishi Das and Meghna Agarwal.
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Indiqube Spaces IPO: Key Highlights
- IPO Opens: July 23, 2025 (Wednesday)
- IPO Closes: July 25, 2025 (Friday)
- Anchor Investor Bidding: July 22, 2025 (Tuesday)
- Lot Size: 63 shares and in multiples thereafter
- Listing Exchange: BSE and NSE
- Book Running Lead Managers (BRLMs): ICICI Securities and JM Financial
The company has also reserved ₹15 million worth of shares for eligible employees, offering them a discount of ₹22 per share under the Employee Reservation Portion.
The Indiqube Spaces IPO is being conducted through the Book Building Process in line with SEBI regulations. 75% of the net offer is allocated to Qualified Institutional Buyers (QIBs), while 15% is earmarked for Non-Institutional Investors (NIIs) and 10% for Retail Individual Investors (RIIs).
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Within the QIB portion, up to 60% may be allocated to anchor investors on a discretionary basis.
Retail and non-anchor investors must apply using the Application Supported by Blocked Amount (ASBA) mechanism, while anchor investors will bid via the standard process.
Market Opportunity and Growth Outlook
Indiqube Spaces IPO comes amid strong market interest in flexible and managed office space providers, driven by rising demand from startups, SMEs, and corporates across India. The company plans to use the IPO proceeds for business expansion, infrastructure investments, and general corporate purposes.
A copy of the Red Herring Prospectus is available on the ICICI Securities website:🔗Click here
