Indiqube Spaces IPO is a book-built issue IPO, aiming to raise ₹700.00 crore. It comprises a fresh issue of 2.74 crore shares worth ₹650.00 crore and an offer for sale of 0.21 crore shares worth ₹50.00 crore. The bidding window was open from July 23, 2025, to July 25, 2025, with the IPO allotment to be finalised on July 28, 2025. Indiqube Spaces is scheduled to list on BSE and NSE on July 30, 2025.
The IPO was priced at ₹225-₹237 per share with a lot size of 63 shares. The public issue received bids for 21,16,84,032 shares against 1,62,79,682 shares available, resulting in an overall subscription of 13.00 times. QIPs led the response, subscribing 15.12 times their quota, followed by retail investors at 13.28 times.
Indiqube Spaces' ₹700.00 crore IPO, priced at ₹225-₹237 per share, was subscribed 13.00 times overall. The IPO is a fresh issue of 2.74 crore shares worth ₹650.00 crore and an offer for sale of 0.21 crore shares worth ₹50.00 crore. Bidding took place from July 23 to July 25, 2025, with the Indiqube Spaces IPO allotment status on July 28, 2025. Retail investors subscribed 13.28 and NIIs 8.68 times. Listing is expected on July 30, 2025.
The table below breaks down the Indiqube Spaces share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 2,21,04,430 (74.82%) |
| − Anchor Investor Shares Offered | 1,32,62,658 (44.89%) |
| − QIB (Ex. Anchor) Shares Offered | 88,41,772 (29.93%) |
| NII (HNI) Shares Offered | 44,20,886 (14.96%) |
| − bNII > ₹10L | 29,47,257 (9.98%) |
| − sNII < ₹10L | 14,73,629 (4.99%) |
| Retail Shares Offered | 29,47,257 (9.98%) |
| Employee Shares Offered | 69,767 (0.24%) |
| Total Shares Offered | 2,95,42,340 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 15.12 |
| Non-Institutional Investors | 8.68 |
| Retail Individual Investors | 13.28 |
| Total shares | 13.00 |
Note: The subscription details are as of July 25, 2025
Indiqube Spaces Limited is a managed workplace solutions company offering technology-driven and sustainable workspace services. The company focuses on transforming traditional office setups through custom-designed interiors, value-added services, and tech-enabled facilities. Its offerings cater to both large corporate headquarters (hubs) and smaller branch offices (spokes), providing flexible and scalable solutions to enterprise clients.
As of March 31, 2025, Indiqube manages 115 centres across 15 Indian cities, including 105 operational centres and 10 centres under letters of intent. This portfolio covers 8.40 million square feet of area under management, with a total seating capacity of 1,86,719.
Between March 2023 and March 2025, the company added 41 properties and entered 5 new cities, expanding its footprint by 3.46 million square feet. Bengaluru remains its largest market, with 65 centres spread across 5.43 million square feet.
The company adopts a strategic supply acquisition approach by targeting full buildings in high-demand areas with strong infrastructure and low vacancy rates. It upgrades non-institutional and ageing Grade B properties into modern, green workspaces. These renovated properties account for nearly 29.57% of the total portfolio.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 25, 2025, 9:21 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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