Indiqube Spaces Limited (Mainboard) (TENTATIVE DATES)
July 21, 2025 – July 23, 2025
| Price | ₹0 - ₹0 |
| Premium | ₹0 |
|---|---|
| Lot size | 0 |
| Allotment | Jul 24, 2025 |
| Listing | Jul 28, 2025 |
About
Details As Per DRHP
IPO Details
| Total Issue Size | [.] shares (aggregating up to 850.00 Cr) |
| Fresh Issue | [.] shares(aggregating up to 750.00 Cr) |
| Offer for Sale | [.] shares (aggregating up to 100.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,01,83,612 shares |
| Share Holding Post Issue | 13,01,83,612 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Key Performance Indicators
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 32.09% | 38.52% | 15.66% |
| RONW | -46.65% | -261.43 | - |
| EPS (basic) | -2.3 | -26.09 | -15.28 |
Financial Details In Crores
| Period Ended | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 4,065.7 | 3,667.9 | 2,969.3 | 2,283.8 |
| Revenue | 251.3 | 867.7 | 601.3 | 355.2 |
| Profit After Tax | -42.1 | -341.7 | -197.9 | -188.9 |
| Net Worth | 90.1 | 130.6 | -308.1 | -237.7 |
| Reserves and Surplus | 503.7 | 461.6 | 311.8 | 237.9 |
| Total Borrowing | 206.3 | 164.0 | 623.2 | 363.2 |
Company Overview
Incorporated: 2015
Business: Tech-driven, sustainable managed workplace solutions
Key Highlights
103 centers across 13 cities
7.76 million sq. ft. of AUM with 172,451 seats
Added 41 properties and expanded to 5 new cities (Mar 2022–Jun 2024)
31.67% of portfolio consists of renovated buildings
Presence
Tier I Cities: Bengaluru, Pune, Chennai, Mumbai, Noida, Gurugram, Hyderabad
Non-Tier I Cities: Coimbatore, Kochi, Madurai, Jaipur, Calicut, Vijayawada
Core Offerings
IndiQube Grow: Co-working and flexible enterprise spaces with shared amenities
IndiQube Bespoke: Fully customizable, sustainable premium office designs
IndiQube One: Property and facility management with tech integration
MiQube Technology Stack: App for booking desks, transport, meals, helpdesk, and events
Business Model
Focus on full-building acquisition in high-demand areas
Partnering with landlords to renovate aging assets into modern workspaces
Enterprise-first approach for large, long-term clients
Team
625 permanent employees as of June 30, 2024
Strength
Strong Position in a High-Growth Market: A leading player in India’s expanding flexible workspace segment, catering to both enterprise and SME clients.
Demand-Driven Expansion Strategy: Focused on acquiring full buildings in high-demand locations and transforming underutilized assets into premium workspaces.
Efficient Operations with Scalable Model: Strong operational metrics supported by in-house design, tech integration, and prudent business management practices.
Weakness
Geographic Concentration Risk: Over 90% of revenue comes from Bengaluru, Pune, and Chennai, making the business vulnerable to regional disruptions.
Real Estate Market Sensitivity: Fluctuations in commercial property prices can impact leasing costs and profitability.
Track Record of Losses: The company has incurred losses in recent years and may continue to do so, affecting its financial stability and cash flows.
Lead Manager(s)
Address
Indiqube Spaces Ltd.
Plot # 53, Careernet Campus,
Kariyammanna Agrahara Road, Devarabisanahalli,
Outer Ring Road,
Bengaluru, Karnataka, 560103
Phone: +91 99000 92210
Email: cs.compliance@indiqube.com
Website: http://www.indiqube.com/
Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083