Indiqube Spaces IPO

Indiqube Spaces is a managed workplace solutions company offering technology-driven and sustainable workplace environments. It provides flexible office spaces, ranging from large corporate hubs to smaller branch offices across multiple cities. The company’s offerings include interior design, amenities, and a wide range of value-added services (VAS) such as facility management, asset maintenance, catering, transportation, and technology applications. Indiqube Spaces integrates both backward and forward capabilities, with backward integration focusing on asset renovation and custom build-to-suit models, while forward integration encompasses business-to-business (B2B) and business-to-consumer (B2C) services. It also renovates non-institutional and ageing properties into modern, green workspaces. As of FY25, the company had a portfolio of 115 centres across 15 cities. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes: To fund the capital expenditure requirements for setting up new centres. Repayment/pre-payment, in full or in part, of certain borrowings availed by the company. General corporate purposes.;