Indiqube Spaces IPO Day 1: Issue Subscribed 56% So Far, Check GMP, Subscription Status & Key Highlights

23 July 2025
2 min read
Indiqube Spaces IPO Day 1: Issue Subscribed 56% So Far, Check GMP, Subscription Status & Key Highlights
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The public subscription window for the Indiqube Spaces IPO is open today, July 23, and will conclude on July 25. Ahead of the IPO opening, the company has raised ₹314 crore from its anchor investors on July 22, 2025. 

Indiqube Spaces IPO: Issue Details

Indiqube Spaces IPO is a book-building issue of ₹700 crores, consisting of a fresh issue of ₹650 crores and an offer for sale of ₹50 crores. 

The price band is set between ₹225 and ₹237 per share. The basis of allotment will be finalised by July 28, 2025, and the tentative listing date on BSE and NSE is July 30, 2025. 

Indiqube Spaces IPO Day 1 Subscription Status

[23-July-2025 5:00:00 PM]

Investor Category

Subscription (Times)

Qualified Institutional Buyers (QIBs)

0.06 

Non-Institutional Investors

0.78

Retail Individual Investors (RIIs)

3.41

Employees

2.83

Total

0.87

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Utilisation of IPO Proceeds

The net proceeds from the fresh will be used to:

  • Fund capital expenditure to establish new centres 
  • Repay/prepay company’s outstanding borrowings
  • General corporate purposes 

Indiqube Spaces IPO GMP Details

As of 23 July 2025, Indiqube Spaces IPO’s GMP stood at ₹23. The estimated listing price is ₹260, i.e., a 9.70% gain per share over the upper price band. 

Source:  Business Standard Report dated 23 July, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

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Indiqube Spaces Business Overview

Indiqube Spaces is a leading provider of managed office solutions in India. Established in 2015, the company manages 115 centres across 15 cities. Their portfolio includes private offices, co-working spaces, meeting rooms, and entire managed office floors tailored to the brand and operational needs of its clients.

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