Indiqube Spaces IPO Subscribed 2.68x on Day 2

Indiqube Spaces IPO subscribed over 2.68x on its Second day of subscription, wherein QIB subscribed 1.49x, NII subscribed 1.94x, and RII subscribed 7.32x.

Indiqube Spaces IPO subscription started on Wednesday, July 23, 2025, and will close on July 25, 2025, as per the schedule. The price band is set at ₹225 to ₹237 per share with a face value of ₹1.

Indiqube Spaces IPO Subscription Status

Indiqube Spaces IPO subscribed over 2.68x on its Second day till 05.00 PM on 24th July 2025.

Indiqube Spaces IPO subscription QIB investors portion is 1.49x times, while NII subscribed 1.94x times, and RII investors subscribed 7.32x times.
The company has received bids for 4,36,86,090 shares against 1,62,79,682 shares on offer on the Second day.
Indiqube Spaces’ IPO subscribed over 2.68x times on day 2.
Indiqube Spaces’ IPO subscribed over 0.93x times on day 1.

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.

Indiqube Spaces IPO GMP

Indiqube Spaces IPO GMP was ₹16 as of Thursday, 24th July. That indicates the IPO is trading at ₹253 with a ₹16 premium in the grey market against the issue price of ₹237.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.