Latest news with #IndiqubeSpaces
Business Standard
4 hours ago
- Business
- Business Standard
Indiqube Spaces IPO subscribed 2.54 times
The offer received bids for 4.35 crore shares as against 1.71 crore shares on offer. The initial public offer of Indiqube Spaces received bids for 4,35,18,006 shares as against 1,71,48,335 shares on offer, according to stock exchange data at 17:00 IST on Thursday (24 July 2025). The issue was subscribed 2.54 times. The issue opened for bidding on 23 July 2025 and it will close on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. An investor can bid for a minimum of 63 equity shares and in multiples thereof. The issue comprises both the issue of fresh equity aggregating to Rs 650 crore and the offer for sale aggregating to Rs 50 crore. Of the net proceeds from the fresh issue, Rs 462.649 crore will be used for funding capital expenditure towards the establishment of new centers; Rs 93.035 crore towards repayment/prepayment/redemption, in full or in part, of certain borrowings availed by the company; and the balance for general corporate purposes. Total outstanding borrowings as of May 31, 2025, were Rs 332.079 crore on a consolidated basis. IndiQube Spaces is a managed workspace solutions provider offering tech-driven, sustainable office spaces. As of March 31, 2025, the company operated 115 centers across 15 cities with a total portfolio of 8.40 million sq. ft. and a seating capacity of 1.86 lakh. It has a strong presence in Bengaluru and Chennai, comprising over 79% of its total area under management. IndiQube primarily caters to enterprise clients, including Global Capability Centers, and maintains high occupancy and long lease tenures. The company earns revenue through workspace leasing and value-added services like F&B and IT support.
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Business Standard
10 hours ago
- Business
- Business Standard
Indiqube Spaces IPO fully subscribed on Day 2, retail investors lead demand
Indiqube Spaces IPO Day 2 subscription status: The initial public offering (IPO) of workspace solutions company Indiqube Spaces was fully subscribed on its second day of bidding. The ₹700 crore public issue received bids for over 27.2 million equity shares compared to the offer size of 1.71 million shares, resulting in oversubscription of 1.59 times, according to NSE data at 2:20 PM. Retail investors lead the demand, by subscribing to their reserved portion by 5.83 times so far on July 24, followed by non-institutional investors (NIIs) at 1.38 times. However, qualified institutional buyers (QIBs) have subscribed only 26 per cent of the portion reserved for them. Ahead of the IPO, the company raised ₹314.3 crore from 29 institutional investors via an anchor book on July 22. Indiqube Spaces IPO GMP The unlisted shares of Indiqube Spaces were trading at ₹251, reflecting a grey market premium (GMP) of ₹14 or 6 per cent against the upper end of the price band of ₹225 to ₹237 apiece, according to platforms tracking unofficial markets. Here are the key details of Indiqube Spaces IPO: The Bangalore-based Indiqube Spaces aims to raise ₹700 crore through a fresh issue of 27.4 million equity shares worth ₹650 crore and offer for sale (OFS) of 2.1 million shares worth ₹50 crore. Founders Rishi Das and Meghna Agarwal are the promoters selling shareholders. Retail investors can bid for a minimum of one lot comprising 63 shares, requiring a minimum investment amount of ₹14,931 at the upper price band. The issue will close for subscription on Friday, July 25. The basis of allotment of shares is expected to be finalised on Monday, July 28. Shares will be listed on BSE and NSE tentatively on Wednesday, July 30. According to the red herring prospectus (RHP), the company aims to utilise ₹462.6 crore from the net fresh issue proceeds for setting up new centres and ₹93 crore for repayment of debt. The remaining proceeds will be used for general corporate purposes. MUFG Intime India, formerly Link Intime India, is the registrar of the public issue. ICICI Securities and JM Financial are the book-running lead managers.
Mint
10 hours ago
- Business
- Mint
IPO GMPs: Brigade Hotel Ventures IPO vs IndiQube Spaces IPO vs GNG Electronics IPO — What grey market hints at?
This week is lively with IPO activities, as GNG Electronics IPO, Indiqube Spaces IPO, and Brigade Hotel Ventures IPO have already entered the Indian stock market, while Shanti Gold International IPO is scheduled to enter the primary market tomorrow, Friday, July 25. The GNG Electronics IPO and Indiqube Spaces IPO have both achieved full subscriptions on their second day, whereas Brigade Hotel Ventures IPO has not yet reached that milestone on its first day. Mohit Gulati, the CIO and managing partner of ITI Growth Opportunities Fund, said that in comparing the GNG Electronics, Indiqube Spaces, and Brigade Hotel Ventures IPOs, retail investors face a challenging decision amid shifting Indian macroeconomic conditions. Although GNG Electronics shows initial subscription strength, its stretched valuations and working capital concerns raise red flags. Indiqube Spaces presents a high-growth narrative in flexible workspaces but remains loss-making with limited retail allocation, increasing its risk profile. Brigade Hotel Ventures, backed by stable hospitality assets, offers relative defensiveness though the sector is cyclical and currently under pressure. Gulati believes that given ongoing inflationary pressures, slowing economic growth, and reduced market depth, the risk-reward ratio for subscribing to these IPOs has worsened significantly. The current environment does not favor aggressive investments in highly valued or early-stage issues. 'While the broader Indian IPO market shows resilience and a strong pipeline, retail investors should exercise caution and prefer a selective, wait-and-watch approach until macro conditions stabilize and liquidity improves. Ultimately, none of these IPOs stand out as a clear winner for retail subscription under prevailing market dynamics,' advised Mohit Gulati. Let's take a look at the grey market premium trends: IndiQube Spaces IPO grey market premium is +14. This indicates IndiQube Spaces share price is trading at a premium of ₹ 14 in the grey market, according to Considering the upper end of the IndiQube Spaces IPO price band and the current premium in the grey market, the estimated listing price of IndiQube Spaces share price is indicated at ₹ 251 apiece, which is 5.91% higher than the IPO price of ₹ 237. Analysing the grey market activities from the last eight sessions, the current GMP ( ₹ 14) indicates a trend towards decline. The lowest GMP recorded is ₹ 0.00, and the highest is ₹ 40, as per insights from experts. GNG Electronics IPO grey market premium is +100. This indicates GNG Electronics share price is trading at a premium of ₹ 100 in the grey market, according to Considering the upper end of the GNG Electronics IPO price band and the current premium in the grey market, the estimated listing price of GNG Electronics shares is ₹ 337 apiece, which is 42.19% higher than the IPO price of ₹ 237. Following the last seven sessions of grey market activities, the current IPO GMP is showing an upward trend, indicating a robust listing anticipated. The minimum GMP recorded is ₹ 71.00, whereas the maximum GMP is ₹ 105, as per insights from experts. Brigade Hotel IPO GMP is +8. This indicates Brigade Hotel Ventures share price is trading at a premium of ₹ 8 in the grey market, according to Considering the upper end of the Brigade Hotel IPO price band and the current premium in the grey market, the estimated listing price of Brigade Hotel Ventures share price is indicated at ₹ 98 apiece, which is 8.89% higher than the IPO price of ₹ 90. According to the grey market activities observed over the last seven sessions, the current GMP ( ₹ 8) indicates a trend toward declining values. The lowest GMP recorded is ₹ 0.00, while the highest stands at ₹ 17, as per experts from 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Economic Times
12 hours ago
- Business
- Economic Times
Indiqube Spaces IPO subscribed 1.4 times on day 2; Check GMP, and other key details
The IPO of IndiQube Spaces was subscribed 1.39 times by midday on Day 2, with strong retail participation at 5.08x. The Rs 700-crore issue has a price band of Rs 225–237 per share. In the grey market, shares were quoting at a Rs 17–18 premium. Proceeds will fund new centres, repay borrowings, and support general corporate needs. Tired of too many ads? Remove Ads IPO Details Tired of too many ads? Remove Ads About the Company The initial public offering (IPO) of Indiqube Spaces was subscribed 1.39 times as of 12:12 pm on the second day of bidding on IPO received bids for 2.38 crore shares against 1.71 crore shares on offer. The retail investor portion showed the highest interest, subscribing 5.08 times their allotted quota. The Non-Institutional Investors (NIIs) portion was subscribed 1.17 times, while Qualified Institutional Buyers (QIBs) subscribed 26%.In the grey market, Indiqube Spaces shares were quoting a premium of Rs 17–18, suggesting a potential upside of around 7% over the upper end of the price Read: Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returns The price band for Indiqube Spaces' IPO is set between Rs 225 and Rs 237 per share. Investors can bid for the shares in lots of 63, meaning a minimum investment of approximately Rs 14,931 (at the upper band).The total issue size is Rs 700 crore, comprising a fresh issue of Rs 650 crore, the proceeds of which will go to the company, and an offer for sale (OFS) of Rs 50 crore by existing shareholders looking to partially offload their Securities is the lead manager for the IPO, while MUFG Intime India (formerly Link Intime) is the issue Read: Can Swiggy ride the sentiment wave after Eternal's blowout quarter? The company plans to use Rs 462.65 crore from the IPO proceeds to set up new centres. About Rs 93 crore will go toward partial or full repayment of borrowings, while the remaining amount will be used for general corporate in 2015, Indiqube Spaces (formerly Innovent Spaces Pvt. Ltd.) provides modern, sustainable workspace solutions. It began operations in Uttar Pradesh before relocating its base to Bengaluru in FY25, the company reported revenue of Rs 1,102.93 crore, up 27% from Rs 867.66 crore in FY24. Net loss narrowed sharply to Rs 139.62 crore in FY25, compared to Rs 341.51 crore in the previous fiscal year.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
12 hours ago
- Business
- Time of India
Indiqube Spaces IPO subscribed 1.4 times on day 2; Check GMP, and other key details
IPO Details Live Events About the Company (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of Indiqube Spaces was subscribed 1.39 times as of 12:12 pm on the second day of bidding on IPO received bids for 2.38 crore shares against 1.71 crore shares on offer. The retail investor portion showed the highest interest, subscribing 5.08 times their allotted quota. The Non-Institutional Investors (NIIs) portion was subscribed 1.17 times, while Qualified Institutional Buyers (QIBs) subscribed 26%.In the grey market, Indiqube Spaces shares were quoting a premium of Rs 17–18, suggesting a potential upside of around 7% over the upper end of the price Read: Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returns The price band for Indiqube Spaces' IPO is set between Rs 225 and Rs 237 per share. Investors can bid for the shares in lots of 63, meaning a minimum investment of approximately Rs 14,931 (at the upper band).The total issue size is Rs 700 crore, comprising a fresh issue of Rs 650 crore, the proceeds of which will go to the company, and an offer for sale (OFS) of Rs 50 crore by existing shareholders looking to partially offload their Securities is the lead manager for the IPO, while MUFG Intime India (formerly Link Intime) is the issue Read: Can Swiggy ride the sentiment wave after Eternal's blowout quarter? The company plans to use Rs 462.65 crore from the IPO proceeds to set up new centres. About Rs 93 crore will go toward partial or full repayment of borrowings, while the remaining amount will be used for general corporate in 2015, Indiqube Spaces (formerly Innovent Spaces Pvt. Ltd.) provides modern, sustainable workspace solutions. It began operations in Uttar Pradesh before relocating its base to Bengaluru in FY25, the company reported revenue of Rs 1,102.93 crore, up 27% from Rs 867.66 crore in FY24. Net loss narrowed sharply to Rs 139.62 crore in FY25, compared to Rs 341.51 crore in the previous fiscal year.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
