Indiqube Spaces IPO Opens on July 23: Check Price Band, Lot Size and More

Bengaluru-based managed workplace solutions company Indiqube Spaces Limited is coming with its IPO on July 23, 2025. The proposed issue is a book-building issue of ₹700 crore, comprising a fresh issue of ₹650 crore and an Offer For Sale (OFS) of ₹50 crore, with promoters Rishi Das and Meghna Agarwal each offloading ₹25 crore in the OFS. 

IPO Details

• Price Band: The IPO price band is set at ₹225 to ₹237 per share. 
  
  
• Lot Size:
  • For retail investors: 1 lot (63 shares), requiring a minimum investment of ₹14,175.
  • For Non-Institutional Investors (NIIs)
    • sNII (small NII): Minimum application of 14 lots (882 shares), requiring an investment of ₹2,09,034.
    • bNII (big NII): Minimum application of 67 lots (4,221 shares), requiring an investment of ₹10,00,377.
      
      
• Book-running lead manager ICICI Securities Limited
  
  
• Registrar: MUFG Intime India Private Limited
  
  
• Use of Proceeds: The net proceeds from the fresh issue will be used to
  • Fund capital expenditure to establish new centres
  • Repay/prepay outstanding borrowings
  • General corporate purposes 

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About the company

Established in 2015, Indiqube Spaces Limited is a managed workplace solutions provider. The company manages 115 centres across 15 cities, covering 8.4 million sq ft with ~186,700 seats as of March 31, 2025. In Bengaluru, they have a portfolio of 65 centres spanning 5.43 million square feet in AUM. 

Indiqube Spaces Ltd.’s revenue from operations has grown at a CAGR of 35.17%, increasing from ₹579.74 crore in fiscal 2023 to ₹1,059.29 crore in fiscal 2025. 

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