Archive · 24 Jul 2025
IndiQube Spaces IPO Sees Retail Interest on Day 2
Imagine a company called IndiQube, which helps other companies by providing them with office spaces.
IndiQube decided to sell shares of their company to the public to raise money.
This is called an IPO.
They are trying to raise ₹700 crore.
People who want to buy shares are bidding.
So far, people buying a small amount of shares have bid more aggressively.
IndiQube will use the money to build more offices, pay off debt and for other things.
The shares will be available for trading on the stock market at the end of July.
IndiQube Spaces' IPO launched with a ₹700 crore issue, concluding on July 25.
Retail investors oversubscribed 3.41 times, while QIBs showed less interest.
The company aims to use fresh capital for new centers and debt repayment.
IndiQube secured over ₹314.32 crore from anchor investors.
The IPO shares are expected to be listed on BSE and NSE on July 30.
- Who
- IndiQube Spaces, a managed workplace solutions company.
- What
- IndiQube Spaces' IPO.
- When
- The IPO concludes on July 25, shares expected to list July 30.
- Where
- Bengaluru, India.
- Why
- To raise capital for expansion, debt repayment, and general corporate purposes.
- IPO Size
- ₹700 crore
- Issue Price Band
- ₹225-237
- Retail Subscription
- 3.41 times
- QIB Subscription
- 0.08 times
- Anchor Investment
- ₹314.32 crore
- Listing Date
- July 30