Indiqube Spaces IPO GMP Signals Soft Listing: Check Final Day Subscription Status, Listing Date & More

Indiqube Spaces IPO closed for subscription on Friday, July 25, after a strong response from investors across segments. The IPO worth Rs. 700 crore received 2.81 times overall subscription due to growing interest in the managed workspace segment.

A fair amount of enthusiasm was seen in retail investors as the retail portion was subscribed 6.95 times. The employee quota also saw a solid 4.5 times subscription, helped by a Rs. 22 per share discount on the issue price. The Non-Institutional Investor category was subscribed 1.80 times, while the Qualified Institutional Buyer (QIB) portion closed at 1.42 times.

The allotment of shares is expected to be finalised on Monday, July 28, and the equity shares are likely to be listed on both the NSE and BSE on Wednesday, July 30.

Indiqube Spaces IPO GMP

The grey market premium for the Indiqube Spaces IPO stood at Rs. 5 as of July 25, 1:53 PM, according to the investor gain website. People who subscribe to the IPO can expect a potential list gain of around 2.11% per share, as the IPO's price band is Rs. 237 per share, and the potential listing price is Rs. 242.

Indiqube Spaces IPO Details

Indiqube Spaces' Rs. 700 crore issue was a book-built IPO consisting of a fresh issue of Rs. 650 crore and an offer for sale (OFS) worth Rs. 50 crore. The company had raised Rs. 314.32 crore from anchor investors ahead of the public issue. The IPO had a price band of Rs. 225-Rs. 237 per equity share, with a lot size of 63 shares.

Proceeds from the fresh issue will be used for capex, debt repayment (Rs. 93 crore), and general corporate purposes.
About Indiqube Spaces Ltd.

Founded in 2015, Indiqube Spaces Limited provides tech-enabled, sustainably managed workspaces to businesses of all sizes. The company transforms underutilised real estate into plug-and-play offices tailored to client needs, offering interiors, amenities, and tech services.

As of March 31, 2025, the company managed 115 centres across 15 cities with an area under management (AUM) of 8.40 million sq. ft. and a total seating capacity of 1.86 lakh. These include 105 operational centres and 10 upcoming centres under signed agreements. Financially, the company posted a revenue of ₹1,102.93 crore in FY25, with a net loss of ₹139.62 crore, indicating improved margins but still in the red.