Indiqube Spaces IPO Details
| IPO Open Date: | July 23, 2025 |
| IPO Close Date: | July 25, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹225 to ₹237 Per Share |
| Issue Size: | Approx ₹700 Crores |
| Fresh Issue: | Approx ₹650 Crores |
| Offer for Sale: | Approx 21,09,704 Equity Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Indiqube Spaces IPO Market Lot
The Indiqube Spaces IPO minimum market lot is 63 shares with ₹14,931 application amount. The retail investors can apply up-to 13 lots with 819 shares of ₹1,94,103 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 63 | ₹14,931 |
| Retail Maximum | 13 | 819 | ₹1,94,103 |
| S-HNI Minimum | 14 | 882 | ₹2,09,034 |
| B-HNI Minimum | 67 | 4,221 | ₹10,00,377 |
Indiqube Spaces IPO Dates
The Indiqube Spaces IPO date is 23 July and the close date is 25 July. The Indiqube Spaces IPO allotment will be finalized on 28 July and the IPO listing on 30 July.
| IPO Open Date: | July 23, 2025 |
| IPO Close Date: | July 25, 2025 |
| Basis of Allotment: | July 28, 2025 |
| Refunds: | July 29, 2025 |
| Credit to Demat Account: | July 29, 2025 |
| IPO Listing Date: | July 30, 2025 |
Promoters of Indiqube Spaces IPO
The promoters of the company are Rishi Das, Meghna Agarwal and Anshuman Das.
About Indiqube Spaces IPO
Indiqube Spaces Limited was founded in 2015 and is one of the prominent companies that focuses on offering managed, sustainable, and tech-driven workplace solutions with an aim to transform traditional-looking offices into modern businesses. The company is known to provide a wide range of workplace solutions that consist of corporate hubs and branch offices to improve the employee experience with interiors, amenities, and services. The company offers complete workspace solutions by combining asset renovation, customized designs, and value-added services to both businesses and individuals. Currently, the company operates 103 centers across 13 cities including seven Tier I cities (Bengaluru, Pune, Chennai, Mumbai, Noida, Gurugram, Hyderabad) and six non-Tier I cities (Coimbatore, Kochi, Madurai, Jaipur, Calicut, Vijayawada), covering 7.76 million square feet of AUM with 172,451 seats. To expand, they added 41 properties to 5 new cities between March 31, 2022, to June 30, 2024. As of June 30, 2024, the company includes 625 permanent employees.
Indiqube Spaces IPO Company Financial Report
The company reported revenue of ₹1,102.93 crores in 2025 against ₹867.66 crores in 2024. The company reported loss of ₹139.62 crores in 2025 against loss of ₹341.51 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹355.24 | ₹579.24 | ₹188.93 | ₹2,283.79 |
| 2023 | ₹601.28 | ₹829.21 | ₹197.90 | ₹2,969.32 |
| 2024 | ₹867.66 | ₹1,252.48 | ₹341.74 | ₹3,667.91 |
| 2025 | ₹1,102.93 | ₹1,260.23 | ₹139.62 | ₹4,685.12 |
Indiqube Spaces IPO Valuation – FY2025
Check Indiqube Spaces IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | 34.21% |
| EBITDA Margin: | 58.20% |
| PAT Margin: | (12.66)% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹(7.65) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | N/A |
| Net Asset Value (NAV): | ₹(0.24) |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Awfis Space Solutions Limited | 9.75 | 66.66 | 14.78% | 64.71 | 1,260.75 Cr. |
Objects of the Issue
- Funding capital expenditure towards establishment of new centers;
- Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company; and
- General corporate purposes.
Indiqube Spaces IPO Review
- IPO Watch – May Apply
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Indiqube Spaces IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Jm Financial Limited
Company Address
Indiqube Spaces Ltd.
Plot # 53, Careernet Campus,
Kariyammanna Agrahara Road, Devarabisanahalli,
Outer Ring Road,
Bengaluru, Karnataka, 560103
Phone: +91 99000 92210
Email: [email protected]
Website: http://www.indiqube.com/
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