Archive · 24 Jul 2025
IndiQube Spaces IPO: Day 2 Sees Retail Interest
Imagine a company, IndiQube Spaces, is trying to raise money by selling shares.
This is called an IPO.
They're hoping to get ₹700 crore.
The company provides workplaces.
So far, the IPO has been going for two days.
People who want to buy shares have been signing up, especially retail investors.
They have requested 3.41 times more shares than available for them.
The company will use the money to build new offices, pay back debts, and for other business needs.
The shares are expected to start being traded on the stock market soon.
IndiQube Spaces' ₹700 crore IPO entered its second day with a mixed response.
The IPO price band is ₹225-237, with the IPO scheduled to conclude on July 25th.
Retail investors oversubscribed their portion 3.41 times.
The company plans to use fresh capital for new centers, repayment, and general corporate purposes.
The equity shares are expected to be listed on July 30 on the BSE and NSE.
- Who
- IndiQube Spaces, a managed workplace solutions company, is conducting the IPO.
- What
- IndiQube Spaces is conducting an IPO to raise ₹700 crore.
- When
- The IPO began on day 2, and the IPO concludes on July 25th.
- Where
- Bengaluru, India
- Why
- To fund capital expenditure, repay debt, and for general corporate purposes.
- Company
- IndiQube Spaces Limited
- IPO Amount
- ₹700 crore
- IPO Price Band
- ₹225-237
- Retail Subscription
- 3.41x
- Anchor Investment Raised
- ₹314.32 crore
- Listing Date
- July 30