Indiqube Spaces IPO opens on July 23: Check price band, lot size, objectives, key dates and more

Indiqube Spaces IPO: The mainboard initial public offering of workspace solutions provider Indiqube Spaces is all set to open for subscription on Wednesday, July 23. The issue will conclude on July 25. The price band has been fixed at ₹225 to ₹237 per share.

The ₹700 crore initial share sale consists of new equity shares aggregating to ₹650 crore as well as an offer for sale (OFS) of ₹50 crore.

Under the OFS, promoter selling shareholders Rishi Das and Meghna Agarwal are offloading shares valued at ₹25 crore each.

The net proceeds will be used towards funding capital expenditure to set up new centres, repay certain borrowings, and cover corporate general purposes.

Indiqube Spaces IPO: Lot size

A lot consists of 63 shares and in multiples thereof. The company has set aside 75% of the offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and the remaining 10% for retail investors.

Indiqube Spaces IPO key dates: Allotment and listing details

• Finalisation of the basis for allotment: July 28
• Initiation of refunds: July 29
• Credit of equity shares to Demat: July 29
• Listing on NSE and BSE: July 30

ICICI Securities and JM Financial are the issue's book-running lead managers, while MUFG Intime India Pvt Ltd (formerly Link Intime) is the registrar.

About Indiqube Spaces

Indiqube Spaces is a managed workspace solutions provider. Its diverse services range from large corporate offices to small branch offices.

The company manages a portfolio of 115 centres across 15 cities, covering 8.40 million square feet (sq. ft) of area under management in the super built-up area.

As of March 2025, it has served more than 769 clients, including Myntra, upGrad, NoBroker, Juspay, RedBus, MG, Prfios, Enphase, Visionet, Ninjacart, Siemens, Softura, Onsolve, Meero, Travix, and Elanco, among others.

It has a presence in cities like Noida, Gurugram, Mumbai, Hyderabad, Chennai, Bengaluru, Pune, Kolkata, Coimbatore, Madurai, Jaipur, Kozhikode, Kochi, Vijayawada and Mohali.