Archive · 24 Jul 2025
IndiQube Spaces IPO Subscribed 2.54 Times on Day Two
Imagine a company, IndiQube Spaces, which rents out office spaces.
They decided to sell some of their company shares to the public to raise money.
This is called an IPO.
On the second day of selling these shares, many people wanted to buy them!
In fact, people wanted to buy more than twice the number of shares that were available.
Some investors like small buyers (retail investors), bigger investors, and financial institutions.
The money raised will be used to build new offices, pay off debt, and for general company use.
The shares are expected to be listed on stock exchanges soon.
IndiQube Spaces IPO saw a subscription of 2.54 times on its second day of bidding.
The IPO received bids for over 43.5 million shares against an offer of nearly 17.15 million shares.
Retail investors subscribed 6.90 times, non-institutional investors 1.84 times, and QIBs 1.42 times.
The company aims to raise Rs 700 crore, with a price band of Rs 225-237 per share.
Funds will be used for new centers, debt repayment, and general corporate purposes.
- Who
- IndiQube Spaces, a workplace solutions company.
- What
- IndiQube Spaces' IPO was oversubscribed.
- When
- The IPO was oversubscribed on its second day of bidding.
- Where
- Bengaluru (where the company is based).
- Why
- To raise funds for expansion and other corporate purposes.
- IPO Subscription
- 2.54 times
- Shares Offered
- 17,148,335
- Total Bids Received
- 43,518,006
- Price Band
- Rs 225-237 per share
- IPO Size
- Rs 700 crore
- Listing Date (expected)
- July 30