Indiqube IPO Lands July 23—Premium Buzz Paints a Profitable Picture!

Indiqube Spaces Ltd, a leading managed workplace solutions provider, is set to launch its ₹700 crore Initial Public Offering (IPO) on Wednesday, July 23, with subscriptions closing on Friday, July 25. The IPO includes a fresh issue of ₹650 crore and an Offer for Sale (OFS) of ₹50 crore by promoters Rishi Das and Meghna Agarwal.

 

The IPO price band is fixed at ₹225–₹237 per share, and investors can apply in lots of 63 shares. The company’s shares are currently trading at a Grey Market Premium (GMP) of ₹31–₹32, suggesting a potential 13% listing gain over the upper price band.

 

IPO Snapshot

Use of Proceeds

Company Highlights

Indiqube’s proprietary tech platform MiQube has surpassed 1 million transactions, and over 36% of its portfolio is green-certified, reflecting its ESG commitment.

 

Sources: Economic Times, Fortune India, Biz Bracket, YourStory