Archive · 24 Jul 2025
IndiQube Spaces IPO Day 2 Sees Strong Retail Interest
Imagine a company called IndiQube that helps other companies with their office spaces.
They decided to sell some of their company shares to the public, which is called an IPO.
They're hoping to collect about ₹700 crore.
The shares cost between ₹225 and ₹237 each.
So far, regular people who want to buy these shares have been very interested, more than three times the number of shares available.
The company will use the money to build more offices, pay off some debt, and run the business.
The shares will become available on the stock market on July 30, allowing people to buy and sell them.
IndiQube Spaces' IPO opened on July 24, 2025, aiming to raise ₹700 crore.
The IPO price is set at ₹225-237 per share, concluding on July 25.
Retail investors have shown strong interest, with oversubscription at 3.41 times.
The company plans to use fresh capital for new centers, debt repayment, and general corporate purposes.
The shares are expected to list on the BSE and NSE on July 30.
- Who
- IndiQube Spaces, a managed workplace solutions company.
- What
- The initial public offering (IPO) of IndiQube Spaces.
- When
- The IPO launched on July 24, 2025, concluding on July 25.
- Where
- Bengaluru, India
- Why
- To raise capital for expansion, debt repayment, and general corporate purposes.
- IPO Amount
- ₹700 crore
- Price Band
- ₹225-237 per share
- Retail Subscription
- 3.41 times
- Listing Date
- July 30
- Use of Funds
- New centers, debt repayment, and general corporate purposes
- Anchor Investors
- Aditya Birla Sun Life MF, others