IndiQube Spaces Limited, previously known as IndiQube Spaces Private Limited, is set to launch its Initial Public Offering (IPO) on Wednesday, July 23, 2025. The company, which focuses on providing flexible workspaces, has set the price band for its equity shares between ₹225 and ₹237 each.
The bidding for anchor investors will begin a day earlier, on Tuesday, July 22, 2025. The IPO will open for bids on July 23 and will close on Friday, July 25, 2025. Investors can bid for a minimum of 63 equity shares, with further bids in multiples of 63.
This IPO includes a fresh issue of equity shares worth up to ₹6,500 million. Additionally, selling shareholders Rishi Das and Meghna Agarwal will offer equity shares worth up to ₹500 million. There is also an Employee Reservation Portion, allowing eligible employees to subscribe to equity shares worth up to ₹15 million at a discount of ₹22 per share.
The company aims to comply with SEBI regulations through a book-building process. Of the net offering, at least 75% will be allocated to Qualified Institutional Buyers (QIBs). A portion of 5% of the net QIB portion will be reserved for mutual funds. The remaining portion will be available to all QIB bidders based on their bids.
Moreover, the net offering will have a maximum of 15% allocated to non-institutional investors, and 10% for retail individual investors, provided their bids meet the offering price. The company’s equity shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
IndiQube has appointed ICICI Securities Limited and JM Financial Limited as the Book Running Lead Managers for this IPO. Interested investors can view the Red Herring Prospectus (RHP) filed with the Registrar of Companies and the Stock Exchanges. The RHP is available for public viewing on SEBI’s website and the company’s official website.
As with any investment, potential investors should be aware of the risks involved in investing in equity shares. The company plans to use the funds raised from this IPO for further expansion and operational purposes. This IPO represents an exciting opportunity for investors looking to invest in the growing flexible workspace market in India.