IPO Snapshot
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Indiqube Spaces Ltd. launched its ₹700 crore IPO on July 23, 2025, closing July 25
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Price band: ₹225–₹237 per share; lot size: 63 shares (₹14,931 minimum investment)
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Listing date: July 30 on BSE and NSE
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Anchor investors infused ₹314.32 crore on July 22
Business Highlights
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Bengaluru-based provider of tech-enabled managed workspaces
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Operates 115 centers across 15 cities with 8.4 million sq. ft. under management
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FY25 revenue: ₹1,102.93 crore; PAT loss narrowed to ₹139.62 crore
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EBITDA margin surged to 58.2%; ROCE at 34.21%
Valuation & Risks
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GMP at ₹23 signals ~10% listing gain potential
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Debt-heavy structure with negative net worth and EPS
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Long-term prospects hinge on expansion and profitability turnaround
Verdict
Apply for long-term growth if comfortable with short-term volatility and losses.
Sources: Chittorgarh, IPOWatch, RepublicWorld, InvestorGain