Indiqube Spaces Limited IPO 2025 – Full Review, Price, GMP, Allotment & Listing Details
Indiqube Spaces Limited, a leading provider of flexible workspace solutions in India, has announced its Initial Public Offering (IPO) in 2025. This much-awaited issue is expected to attract retail and institutional investors alike. In this comprehensive post, we will cover the IPO's price band, GMP (Grey Market Premium), company financials, allotment details, objectives, and whether it’s worth investing in.
1. Company Overview – Indiqube Spaces Limited
Indiqube is one of the fastest-growing managed workspace providers in India, offering customized office spaces to startups, SMEs, and enterprises. With operations across major cities like Bangalore, Hyderabad, Pune, and Chennai, Indiqube caters to over 500 companies.
Key Highlights:
- Founded: 2015
- Founders: Rishi Das & Meghna Agarwal
- Headquarters: Bengaluru, Karnataka
- Industry: Flexible Workspace / Real Estate Services
- Total Centers: 100+ across India
- Total Managed Area: Over 6 million sq. ft.
2. Indiqube IPO 2025 – Key Details
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| IPO Size | ₹650 Crores (Approx) |
| Face Value | ₹10 per share |
| Price Band | ₹145 – ₹155 (Expected) |
| Lot Size | 96 Shares |
| Listing On | BSE & NSE |
| Issue Type | Book Built Issue |
| Registrar | Link Intime India Private Ltd |
3. Grey Market Premium (GMP)
As of the latest updates, the GMP (Grey Market Premium) for Indiqube IPO is approximately ₹22. This indicates a listing gain expectation of around 15%. However, GMP keeps changing daily based on demand and market sentiment.
⚠️ Note: GMP is unofficial and should not be the sole factor in investment decision-making.
4. Objectives of the IPO
The company aims to utilize the IPO proceeds for the following objectives:
- Expansion of workspace infrastructure
- Repayment or prepayment of outstanding loans
- Investment in technology and automation
- Working capital requirements
- General corporate purposes
5. Financial Performance of Indiqube
| Financial Year | Total Revenue (₹ Cr) | Net Profit (₹ Cr) |
|---|---|---|
| FY 2022 | 165 | 5.1 |
| FY 2023 | 225 | 9.8 |
| 9M FY 2024 | 190 | 8.3 |
The company has shown strong and consistent growth in both revenue and profitability, which boosts investor confidence.
6. Strengths of Indiqube Spaces Limited
- Asset-light business model with long-term client contracts
- Presence in India’s top startup hubs
- Diversified client base across industries
- Strong leadership and experienced management team
- Flexible, tech-enabled workspace solutions
7. Risk Factors
- Highly competitive market with players like WeWork and Smartworks
- Dependency on IT/Startup clients
- Economic slowdown can impact occupancy rates
- Leasing costs and real estate volatility
8. Should You Invest in Indiqube IPO?
Investing in Indiqube IPO can be considered by long-term investors looking for exposure to the booming co-working and managed office space segment in India. With a strong business model, recurring revenue streams, and growing demand for flexible workspaces, Indiqube stands on solid ground. However, valuation and allotment status should be considered before investing.
9. How to Apply for Indiqube IPO?
You can apply through:
- UPI-enabled apps like Zerodha, Groww, Angel One, etc.
- Through Net Banking via ASBA (ICICI, SBI, HDFC, Axis, etc.)
10. Important Dates (Tentative)
| IPO Open | August 2025 (Expected) |
|---|---|
| IPO Close | August 2025 |
| Allotment | August 2025 |
| Listing Date | August 2025 |
11. FAQs – Indiqube Spaces Limited IPO 2025
Q1. What is the price band of Indiqube IPO 2025?
The expected price band is ₹145–₹155 per share.
Q2. What is the GMP of Indiqube IPO?
The current Grey Market Premium (GMP) is around ₹22.
Q3. Is Indiqube IPO good for long-term investment?
Yes, it has good fundamentals and presence in a growing sector. However, investors should review valuation and risks.
Q4. When is Indiqube IPO allotment and listing date?
Tentatively by August 2025.
External Resources:
Disclaimer: This post is for informational purposes only. Please consult a SEBI-registered financial advisor before making any investment decisions.
