31 Mar 2023
Assets2,969.32
Total Income601.28
EBITDA258.23
Profit After Tax-198.11
NET Worth-308.10
Reserves and Surplus-308.28
Total Borrowing623.16
At a glance
Updated 2026-09-11Indiqube Spaces is a Mainboard IPO with an issue size of ₹700.00 crore, proposed for listing on BSE, NSE. The offer opens on 23rd Jul 2025 and closes on 25th Jul 2025. The issue structure includes a fresh issue of ₹650.01 crore and an offer-for-sale component of ₹49.99 crore. The current listing schedule points to 30th Jul 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹700.00 Cr
Fresh issue₹650.01 Cr
Offer for sale₹49.99 Cr
Face value₹1
Price band₹225.00–₹237.00
Allotment28th Jul 2025
Listing30th Jul 2025
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹237.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Jul 2025
Closes25th Jul 2025
Allotment28th Jul 2025
Refund29th Jul 2025
Demat29th Jul 2025
Listing30th Jul 2025
Subscription demand
Full bidding ↗Total13.00×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 63 | ₹14,931 |
Company
Incorporated2015
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure towards establishment of new centers | ₹462.65 Cr |
| Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | ₹93.04 Cr |
| General Corporate Purposes | ₹48.78 Cr |
| Issue Expenses | ₹48.98 Cr |
| Total | ₹653.44 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue1,102.93₹ Cr · +27.1% vs prior year
EBITDA660.19₹ Cr · +150.6% vs prior year
PAT-139.62₹ Cr · +59.1% vs prior year
Assets4,685.12₹ Cr · +27.7% vs prior year
Net Worth-3.11₹ Cr · -102.4% vs prior year
Borrowing343.96₹ Cr · +109.7% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets3,667.91
Total Income867.66
EBITDA263.42
Profit After Tax-341.51
NET Worth130.63
Reserves and Surplus129.44
Total Borrowing164.02
31 Mar 2025
Assets4,685.12
Total Income1,102.93
EBITDA660.19
Profit After Tax-139.62
NET Worth-3.11
Reserves and Surplus-23.30
Total Borrowing343.96
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | -2.19% |
| ROCE | 34.21% |
| Debt / Equity | -110.58% |
| PAT Margin | -12.66% |
| EBITDA Margin | 58.20% |
Valuation & shareholding
Pre-IPO EPS-7.65
Promoter holding pre70.37%
Promoter holding post60.23%
Market cap₹4977.12 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Indiqube Spaces IPO | — | - | — | — |
| WeWork India IPO | — | 67.75 x | — | — |
| Dev Accelerator IPO | — | 315.45 x | — | — |
| Smartworks Coworking IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding capital expenditure towards establishment of new centers | ₹462.65 Cr |
| Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | ₹93.04 Cr |
| General Corporate Purposes | ₹48.78 Cr |
| Issue Expenses | ₹48.98 Cr |
| Total | ₹653.44 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- ICICI Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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