Indiqube Spaces IPO Allotment Status Highlights: The share allotment status for the Indiqube Spaces IPO allotment is out. The equity shares will be credited to the demat accounts of successful bidders on Tuesday, July 29, while refunds to unsuccessful applicants will also be initiated the same day.
Indiqube Spaces IPO subscription and offer structure
The IPO of Indiqube Spaces, which opened on July 23 and closed on July 25, received strong investor participation across all categories. The issue was subscribed 12.41 times overall, with demand coming from both institutional and retail investors.
In terms of breakup, the Qualified Institutional Buyers (QIB) segment was subscribed 14.35 times, and the Retail Individual Investors (RII) portion saw a subscription of 12.90 times
The Non-Institutional Investors (NII) segment was booked 8.27 times. The company had offered a total of 1.71 crore shares, and it received bids for more than 21.24 crore shares.
Indiqube Spaces IPO Issue size and price details
The total size of the IPO was Rs 700 crore at a fixed price band of Rs 237 per share. This included a fresh issue of 2.74 crore equity shares worth Rs 650 crore and an Offer for Sale (OFS) of 21.09 lakh shares worth Rs 50 crore.
About the company
Bengaluru-based Indiqube Spaces, incorporated in 2015, operates in the managed workspace segment, providing fully serviced and tech-enabled office solutions for businesses of all sizes.
The company offers a range of flexible office formats including corporate headquarters, satellite offices, and regional branches. Its spaces come with built-in infrastructure such as interiors, meeting rooms, and employee amenities, allowing businesses to operate without handling setup or facility management themselves.
Indiqube also undertakes asset renovation and delivers customised office designs based on client requirements. It follows a plug-and-play model, offering ready-to-move-in workspaces supported by additional services like IT support, facility management, and flexible lease terms.
Serving both B2B and B2C segments, the company positions itself as a one-stop solution for businesses seeking scalable and hassle-free workspace options.
Indiqube Spaces IPO Allotment Status Live: Here is how to check the allotment status online
Indiqube Spaces IPO Allotment Live Updates: Valuation and financial snapshot
At the upper price band, IndiQube was valued at a P/S ratio of 4.7x and an EV/EBITDA of 14.6x, giving it a post-issue market cap of Rs 4,977 crore. While the company’s FY24 EPS remained negative.
Indiqube Spaces IPO Allotment Live Updates: Where the money will go
The capital raised is set to fund three key areas - Expanding operations, Meeting working capital needs, and General corporate purposes.
Indiqube Spaces IPO Allotment Live Updates: Inside IndiQube
Started in 2015, IndiQube has positioned itself as a next-gen office solutions provider. With a tech-driven model, the company offers plug-and-play offices and workspace management using its proprietary MiQube platform. It currently operates 103 centers across 13 cities, covering 7.76 million sq. ft. with a 91% occupancy rate as of June 2024.
Indiqube Spaces IPO Allotment Live Updates: Who got what - Category-wise allocation
The issue followed a standard allocation structure - 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors (RIIs).
Indiqube Spaces IPO Allotment Live Updates: How much was to invest?
Retail investors had to apply for a minimum lot of 63 shares, which required a commitment of Rs 14,931 at the upper end of the price range. High net-worth individuals (HNIs) and institutional buyers could apply for larger chunks, with the maximum retail limit set at 13 lots or 819 shares.
Indiqube Spaces IPO Allotment Live Updates: What was on offer
The Rs 700 crore issue included a fresh issue of Rs 650 crore and an offer-for-sale (OFS) worth Rs 50 crore from existing shareholders. The price band was fixed at Rs 225-Rs 237 per share, with each share having a face value of Rs 1.
Indiqube Spaces IPO Allotment Live Updates: From Subscription to listing
The IndiQube Spaces IPO was open for bidding between July 23 and July 25. The allotment of shares was finalied on July 28, followed by refunds and demat credits on July 29. The much-awaited listing is scheduled on July 30, on both BSE and NSE.
Indiqube Spaces IPO Allotment Live Updates: Fund utilisation
Indiqube spaces plans to channel the proceeds from its fresh issue into powering its next phase of growth. The funds are placed for three key areas which include - expanding its operational footprint, supporting day-to-day working capital needs, and covering general corporate expenses.
Indiqube Spaces IPO Allotment Live Updates: Allotment out, all eyes on listing
The Indiqube Spaces IPO allotment is out. The issue is set to list tomorrow. All eyes are now on the listing price. The GMP has however fallen from last week's highs. It is now showing a premoum of Rs 2 per share. This indicates that the listing may not see a big pop in the price.
Indiqube Spaces IPO Allotment Live Updates: How to check status on NSE
Here is a step-by-step guide to check the IPO allotment status of IndiQube Spaces IPO via the NSE website:
- Visit the NSE IPO application status page.
- Click on ‘Equity and SME IPO Bid Details’.
- From the dropdown, select ‘IndiQube Spaces IPO’.
- Enter your Application Number and PAN.
- Click on ‘Submit’ to check your allotment status
Indiqube Spaces IPO Allotment Live Updates: What is the current GMP?
According to the latest updates, shares of Indiqube Spaces continue to trade at a premium of Rs 5 in the grey market. This suggests a listing price of around Rs 242 per share. It is pertinent to note that GMP is an unofficial estimate that does not guarantee the actual listing price.
Indiqube Spaces IPO Allotment Live Updates: Over Rs 314 crore raised from anchor investors
The IPO received bids for 21,14,96,292 shares against 1,71,48,335 shares on offer. According to NSE data, the Qualified Institutional Buyers (QIBs) part fetched 14.35 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 12.55 times. Non Institutional Investors category attracted 8.24 times subscription. IndiQube Spaces on Tuesday said it has raised over Rs 314 crore from anchor investors.
Indiqube Spaces IPO Allotment Live Updates: Check status via Registrar
Here is how to check the IndiQube Spaces IPO allotment status via the registrar’s website (MUFG - Link Intime India):
Visit the official Link Intime India website.
Under the “Investor Services” section, click on ‘IPO Allotment Status’.
From the dropdown list, select ‘IndiQube Spaces IPO’.
Choose any one of the following identification methods: PAN, application Number, DP ID/Client ID, Bank Account Number
Enter the required details as per your selection.
Click on ‘Search’ to view your IPO allotment status.
Indiqube Spaces IPO Allotment Live Updates: Check status via NSE
Here is a step-by-step guide to check the IPO allotment status of IndiQube Spaces IPO via the NSE website:
Visit the NSE IPO application status page.
Click on ‘Equity and SME IPO Bid Details’.
From the dropdown, select ‘IndiQube Spaces IPO’.
Enter your Application Number and PAN.
Click on ‘Submit’ to check your allotment status
Indiqube Spaces IPO Allotment Live Updates: Check status via BSE
Here is how to check the IPO allotment status via the BSE website:
- Go to the BSE IPO allotment status page.
- Select ‘Equity’ as the issue type.
- Choose ‘IndiQube Spaces IPO’ from the dropdown menu.
- Enter your application number or PAN.
- Tick the ‘I’m not a robot’ captcha box.
- Click on ‘Search’ to view your allotment status.
Indiqube Spaces IPO Allotment Live Updates: Business Approach and Strategy
The company typically acquires entire buildings in areas with high demand. It focuses on renovating older or non-institutional commercial properties (often Grade B) and converting them into modern, functional office spaces. This model helps it address a growing demand for managed, tech-enabled workspaces across various sectors.
Indiqube Spaces IPO Allotment Live Updates: Company Background and Operations
Indiqube Spaces, founded in 2015, operates in the managed workspace segment. It currently manages 103 centers across 13 cities with a total managed area of 7.76 million square feet (super built-up area). The company offers flexible office solutions to a mix of clients including startups, small businesses, and large enterprises.
Indiqube Spaces IPO Allotment Live Updates: Use of IPO funds
Proceeds from the fresh issue are planned to be used for three main purposes - expansion of the company’s operations, meeting working capital needs, and general corporate expenses. The company aims to use this capital to strengthen its operations and balance sheet.
Indiqube Spaces IPO Allotment Live Updates: Key IPO dates
The IPO window was open from July 23 to July 25. Post the closing, the basis of allotment was finalised on July 28, with shares expected to be credited to demat accounts on July 29. The stock is scheduled to list on July 30 on the stock exchanges.
Indiqube Spaces IPO Allotment Live Updates: Price band and application details
The company offered its shares in a price band of Rs 225 to Rs 237 per share. For retail investors, the minimum application was for one lot, consisting of 63 shares. At the upper end of the price range, the minimum investment amount came to Rs 14,175.
Indiqube Spaces IPO Allotment Live Updates: IPO structure and offer size
The public issue of Indiqube Spaces included a combination of fresh equity shares and an offer-for-sale (OFS) by existing shareholders. The total IPO size stood at Rs 700 crore, out of which Rs 650 crore was raised through a fresh issue. The remaining portion consisted of the sale of 21,09,704 shares by existing investors under the OFS component.
Indiqube Spaces IPO Allotment Live Updates: GMP trend
The grey market response to Indiqube Spaces' IPO appears to be lukewarm, with the stock trading at a marginal premium ahead of its expected market debut.
According to the latest update, Indiqube Spaces shares are currently quoting a grey market premium (GMP) of Rs 5 per share. This latest GMP points to an estimated listing price of around Rs 242. That is a slim 2% premium.
While GMP is not an official or guaranteed indicator of listing performance, it is widely tracked to gauge early interest in an IPO.
Indiqube Spaces IPO Allotment Live Updates: Anand Rathi on valuations
IndiQube provides managed workplace solutions including plug‐and‐play coworking spaces, interiors, tech, and facility management. They operate a “hub‐and‐spoke” model for workspace delivery across clients ranging from startups to global corporate capability
centers. The company plans to expand its commercial real estate portfolio further, both in scale and geographical.
According to Anand Rathi, "the company’s integrated tech platform, MiQube, connects clients, employees, and service partners to streamline office operations, enhance efficiency, and improve overall workspace experience."
They added that "at the upper price band, the company is valuing at P/S of 4.7x with EV/EBITDA of 14.6x and market cap of Rs 4977.1 crore post issue of equity shares."
They believe the IPO is fully priced and recommend a “Subscribe-Long-term” rating to the IPO.
Indiqube Spaces IPO Allotment Live Updates: Issue details
The Rs 700 crore Indiqube Spaces IPO is a combination of a fresh issue and an offer for sale. Out of the total, Rs 650 crore will be raised through a fresh issue of 2.74 crore new shares, while Rs 50 crore will come from existing shareholders selling part of their stake. The IPO is priced at Rs 237 per share.
Retail investors could apply with a minimum investment of Rs 14,175 for a lot of 63 shares. For non-institutional investors, the minimum application was much higher, Rs 2.09 lakh for small NIIs and Rs 10 lakh for large NIIs. The company also reserved 69,767 shares for employees at a discounted price of Rs 215 per share. Before the IPO opened, Indiqube Spaces secured Rs 314.32 crore from anchor investors on July 22.
Indiqube Spaces IPO Allotment Live Updates: GMP update
The grey market premium (GMP) of the Indiqube Spaces IPO appears to have cooled off from its earlier highs. As per the latest data, the shares are trading at a premium of Rs 5 in the grey market. This suggests a potential listing price of around Rs 242 per share, just about 2% higher than the issue’s upper price band of Rs 237.
However, it is important to note that this is not the official listing price and may fluctuate depending on overall market sentiment.
Indiqube Spaces IPO Allotment Live Updates: How to Check allotment status
Investors who applied for the IPO can check their allotment status through the official websites of BSE, NSE, or MUFG Intime India, the registrar of the issue. Allotment can be checked using PAN, application number, or DP/client ID.