Indiqube Spaces IPO Subscribed Over Twice Ahead July 28 Allotment

Indiqube Spaces Limited, a tech-driven managed workspace solutions provider founded in 2015, launched its ₹700 crore IPO from July 23 to 25, 2025, with a price band of ₹225-237 per share and a lot size of 63 shares. The IPO, comprising a fresh issue of ₹650 crore and an offer for sale of ₹50 crore by promoters, was met with strong investor interest, closing with an overall subscription of approximately 12.33 times, including a 12.55 times subscription from retail investors and 14.35 times from qualified institutional buyers. Despite robust demand, the grey market premium fell sharply to around ₹5, indicating a modest listing gain of roughly 2%, with shares expected to list on July 30. Indiqube Spaces plans to utilize the IPO proceeds primarily for capital expenditure to establish new centers, repay borrowings, and general corporate purposes. The company operates over 115 centers across 15 cities with a total area under management of around 8.40 million square feet and has seen revenue growth to over ₹1,100 crores in 2025 while narrowing net losses. Investors can check their allotment status from July 28 via MUFGIntime, BSE, NSE, or their demat accounts.