Archive · 23 Jul 2025
Indiqube Spaces IPO: Subscription Reaches 87% on First Day
Indiqube Spaces is offering shares to the public, called an IPO.
On the first day, many people wanted to buy shares, and the IPO was almost fully subscribed.
The company plans to use the money to expand and pay off debts.
While the company has been losing money, its sales have been increasing.
Some financial experts think it's a good investment, while others advise caution, pointing out the company's losses and valuation compared to others.
Indiqube Spaces IPO was 87% subscribed on its first day.
The IPO price band is set at ₹225 to ₹237 per share.
Funds raised will be used for new centers, debt repayment, and general purposes.
The company reported losses in the last three fiscal years, with revenue growth.
Analysts have mixed opinions, with some recommending to subscribe and others to avoid.
- Who
- Indiqube Spaces, a company offering workspace solutions.
- What
- Indiqube Spaces initial public offering (IPO).
- When
- The IPO began on July 23.
- Where
- N/A
- Why
- To raise funds for expansion, debt repayment, and general corporate purposes.
Positive Views
Negative Views
Investment Recommendation
Positive Views
Anand Rathi recommends subscribing for the long term.
Negative Views
SBI Securities recommends avoiding the issue.
- IPO Value
- ₹700 crore
- Price Band
- ₹225 to ₹237 per share
- First Day Subscription
- 87%
- Retail Subscription
- 3.41 times
- FY25 Revenue
- ₹1059 crore
- FY25 Net Loss
- ₹157.3 crore
- GMP
- ₹20