As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to apply or not to the Indiqube Spaces IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed Indiqube Spaces IPO review which will help you to make the decision.
Strengths and Weaknesses of Indiqube Spaces IPO
Strengths:
- Indiqube Spaces is one of the leading players in the Large and Growing Flexible Workspace Market in India.
- The company follows Careful business management with strong performance indicators.
- The reason behind their growth is having a professional management team and experienced promoters who have an amazing experience in the workspace industry and a strong track record of success.
Weaknesses:
- The company generated most of its revenue from its centers in Bengaluru, Pune, and Chennai, meaning that if any negative development happens in these locations, it can negatively impact the business, financial results, and overall condition.
- Their business is deeply affected by changes in the real estate market, meaning if commercial property prices rise, our leasing costs could increase, leading to a loss in profits.
- Unable to pay rent to our landlords on time could harm our business, financial performance, and overall condition.
- Indiqube Spaces mainly depend on third parties for raw materials and interior work. Any delay or failure occurring in the relationship with the third parties can badly impact the financial result, cash flow, and overall condition.
Indiqube Spaces IPO Details
| IPO Size | ₹700 crores |
| Offer-for-sale | 21,09,704 equity shares |
| Fresh issue | ₹650 crores |
| Price band | ₹225 to ₹237 |
| Subscription | Opens on July 23, 2025, and the closing date is on July 25, 2025 |
| Purpose of IPO | Fresh Issue and Offer-for-Sale |
Indiqube Spaces IPO Open and closing date?
Indiqube Spaces IPO will be opening for subscription on July 23, 2025, and will be closed for subscription on July 25, 2025.
What is the size of the Indiqube Spaces IPO?
The company planned to raise funds around ₹700 crores via IPO. This IPO comprises both a fresh issue of ₹650 crores and an Offer-for-sale up to 21,09,704 equity shares with a face value of Rs. 1 each.
What are the subscription details of the Indiqube Spaces IPO?
The Indiqube Spaces IPO price range is set at ₹225 to ₹237 per share. In this IPO, a total of 63 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category, 819 shares in 13 lot sizes were available, and for the S-HNI Minimum category, 882 shares were available in 14 lot sizes. While for the B-HNI Minimum category 4,221 shares were available in 67 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,931 and maximum investment of ₹1,94,103.
- Small HNI (S-HNI): Minimum investment of ₹2,09,034.
- Big HSI (S-HNI): A minimum investment of ₹10,00,377 is required.
What is the Indiqube Spaces IPO listing Date?
Indiqube Spaces is a Mainboard IPO shares will be listed on July 30, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
What are the objectives of the Indiqube Spaces IPO Issue?
The objective behind raising funds via IPO is to use the funds towards the establishment of new centers. Some funds will be used towards the Repayment/pre-payment of certain borrowings taken by our Company. The remaining funds will be used to support the general corporate purposes of the company.
About Indiqube Spaces
Incorporated in 2015, Indiqube Spaces Limited is one of the leading companies that is involved in providing managed, sustainable, and tech-driven workplace solutions to revolutionize your office experience from traditional-looking to modern. They are known to offer a comprehensive range of office solutions by combining asset renovation, customized designs, and value-added services in order to improve the office experience with incredible interiors, amenities, and services to both individuals and businesses. As of June 30, 2024, the company includes 625 permanent employees. 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.
Indiqube Spaces IPO Financials
The company reported revenue of ₹1,102.93 crores in 2025 against ₹867.66 crores in 2024. The company reported a loss of ₹139.62 crores in 2025 against a loss of ₹341.51 crores in 2024.
Indiqube Spaces IPO Promoters
Rishi Das, Meghna Agarwal, and Anshuman Das are the promoters of the company.
Who are the Indiqube Spaces IPO lead managers and registrar?
ICICI Securities Limited and JM Financial Limited are the lead managers of Indiqube Spaces, while MUFG Intime India Private Limited is the registrar of the company.
Should you apply or not for the Indiqube Spaces IPO?
I very well know that as an investor, deciding whether to apply or not for an IPO can require massive checks, and so this post is for you. Applying for the IPO without doing a complete background check can lead to money loss. So, for the last time, let’s take an overview of the Indiqube space, shall we? Indiqube Spaces is one of the growing players to offer a managed workspace segment, showing strong revenue growth, high operational efficiency, and improving margins. This IPO is priced reasonably with decent grey market premiums at Rs 41, showcasing a potential listing gain. However, we recommend that the company still incur losses. Now, the question is who may apply for this IPO? Investors may consider applying for this IPO if they have medium-to-high risk tolerance or believe in sector growth. Investors can skip if they are worried about leverage and negative cash flows and prefer profitable companies. However, we recommend always doing a good financial background check on the company you want to invest in, and investing at your own risk.
