Archive · 25 Jul 2025
IndiQube Spaces IPO: Subscription, GMP, and Details Revealed
IndiQube Spaces, a company that provides office spaces, is selling shares to the public through an IPO to raise money.
The IPO started on July 23 and is closing on July 25.
The company has already received investments from certain investors before the IPO began.
The money raised will be used to expand the business, pay off debt, and for general company purposes.
So far, many people have shown interest in buying these new shares.
Experts believe the shares could be worth a little more than the initial price when they start trading.
IndiQube Spaces' IPO, with a price band of ₹225-237, closes on July 25.
The company aims to raise ₹650 crore through a fresh issue of shares.
IndiQube secured over ₹314 crore from anchor investors before the IPO.
The IPO was subscribed 2.54 times as of day 2, with retail portion subscribed 6.90 times.
Grey market premium (GMP) is +10, suggesting a listing price of ₹247.
- Who
- IndiQube Spaces, a firm providing office spaces, is conducting the IPO.
- What
- IndiQube Spaces is holding an Initial Public Offering (IPO) to raise capital.
- When
- The IPO opened on Wednesday, July 23 and is set to close on July 25.
- Where
- Based in Bengaluru, the company operates in 15 cities.
- Why
- To raise capital for expansion, debt repayment, and general corporate purposes.
Positive Indicators
Potential Risks
Investment Recommendation
Positive Indicators
Strong industry growth patterns and fair valuations.
Potential Risks
Potential cash flow challenges in the short to medium term.
- IPO Price Band
- ₹225-237 per share
- Total Capital to be Raised
- ₹650 crore
- Anchor Investment
- ₹314 crore secured before IPO
- Subscription Status (Day 2)
- 2.54 times
- Estimated Listing Price (GMP)
- ₹247
- Total Properties
- 115