IndiQube Spaces IPO Day 1 Live: Check GMP, issue details, review, subscription status, more.
At the highest end of this price range, the company's valuation approaches ₹ 5,000 crore.
The firm aims to raise ₹ 650 crore through a fresh issue, while promoters will sell shares worth ₹ 50 crore through the Offer for Sale (OFS). WestBridge Capital, a prominent investor in the company since 2018, will not sell any of its stake in the OFS.
IndiQube Spaces plans to allocate ₹ 462.6 crore of the new capital to fund capital expenditures for establishing new centers, ₹ 93 crore for debt repayment, and the remainder for general corporate uses.
The company, which was founded in 2015, oversees a portfolio of 8.40 million square feet across 115 properties in 15 cities, with a total seating capacity of 186,719 as of March 2025. This represents an increase from 74 centers and 4.94 million square feet in March 2023.
(Stay tuned for more updates)
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23 Jul 2025, 08:40 AM IST
IndiQube Spaces IPO grey market premium is +23. This indicates IndiQube Spaces share price was trading at a premium of ₹ 23 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of IndiQube Spaces share price was indicated at ₹ 260 apiece, which is 9.70% higher than the IPO price of ₹ 237.
Analyzing the grey market activities from the past seven sessions, the current IPO GMP is on an upward trend and is anticipated to have a solid listing. The minimum GMP recorded is ₹ 0.00, while the maximum GMP stands at ₹ 40, as stated by experts from investorgain.com.
'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.
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