Indiqube Spaces lists at Rs 216 on NSE, down 8.86% from IPO issue price of Rs 237
Listed under the 'B Group' equity category, the company is trading with the symbol INDIQUBE and BSE code 544454. The stock hit a high of ₹222.97 and a low of ₹216 during intraday trade, with a total traded volume of 20.25 lakh shares.
Despite the muted debut, market participants will be closely watching the stock's performance over the coming sessions to assess investor sentiment toward the company's long-term potential.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. The views expressed are based on publicly available data and should not be considered as a recommendation to buy or sell securities.
Ahmedabad Plane Crash
News desk at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
11 hours ago
- Entrepreneur
NSDL Makes Strong Market Debut with 17% Listing Gains
NSDL has now become the second depository services provider to be listed on Indian exchanges, following Central Depository Services Ltd. (CDSL), which has been publicly traded since 2017. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Shares of National Securities Depository Ltd. (NSDL) made a robust debut on the stock markets on Wednesday, August 6, listing at INR 880, a 10 per cent premium over its issue price of INR 800. The stock extended its gains during the session, closing at INR 937, up 17 per cent, reflecting strong investor confidence in the depository's long-term potential. NSDL has now become the second depository services provider to be listed on Indian exchanges, following Central Depository Services Ltd. (CDSL), which has been publicly traded since 2017. NSDL is the older of the two and handles a larger share of India's demat accounts by value, managing over INR 400 lakh crore worth of securities as of 2024. The company's INR 4,011 crore IPO saw overwhelming investor interest, with the issue being subscribed 41 times, garnering bids worth over INR 1.1 lakh crore. The qualified institutional buyers (QIBs) led the rally, subscribing 104 times their allotted quota, while non-institutional investors (NIIs) subscribed 35 times, and retail investors subscribed 8 times the available portion. NSDL priced its issue at INR 800 per share, and its strong grey market premium leading up to the listing hinted at a potential 17 per cent upside, which materialized on the debut day. The company generates revenue by charging annual communication and connectivity fees to its depository participants, based on bandwidth and operational usage. NSDL operates India's first and largest securities depository. It facilitates the electronic settlement of trades by enabling the seamless transfer of securities between investors and clearing corporations. NSDL's network of over 270 depository participants (DPs) also handles off-market transfers, corporate actions, and pledge/hypothecation services. All stock exchange-cleared trades are settled through its secure and centralized platform, ensuring transparency and efficiency in the capital markets. Indian equities ended mixed on Wednesday. The Nifty 50 opened at 24,641, briefly touched 24,671, and slipped to a low of 24,544 during intraday trading. While banking and financial services stocks remained stable, sectors like IT, pharmaceuticals, media, and consumer goods underperformed. The RBI's decision to maintain the status quo on policy rates, coupled with global concerns around tariff threats from the U.S., kept overall sentiment defensive. NSDL shares closed at INR 936 on the BSE, solidifying a strong start for the depository firm, according to Ashika Institutional Equities.
Business Upturn
11 hours ago
- Business Upturn
HUDCO Q1 Results: Net profit jump 13% YoY to Rs 630.2 crore, NII up 11.2% YoY
HUDCO released its Q1 FY26 results for the quarter ended June 30, 2025, reporting a solid financial performance with year-on-year growth across key metrics. Revenue from operations stood at ₹2,937.31 crore, compared to ₹2,188.35 crore in Q1 FY25, showing a year-on-year increase of 34.23%. Total income, including other income, rose to ₹2,945.47 crore from ₹2,197.19 crore, up 34.06%. Net interest income (NII) for the quarter came in at ₹961 crore, compared to ₹724.7 crore in the same quarter last year, up 11.2%. Profit before tax stood at ₹857.23 crore, up from ₹684.70 crore, showing a growth of 25.22% year-on-year. Net profit for the quarter was ₹630.2 crore compared to ₹558 crore in Q1 FY25, an increase of 13%. EBITDA for the quarter stood at ₹2,828.32 crore, rising 32% from ₹2,141.51 crore in Q1 FY25. EBITDA margin came in at 96.3%, slightly lower than 97.9% in the previous year. On the asset quality front, the gross NPA ratio improved to 1.34% from 2.42% in Q1 FY25, while net NPA dropped to 0.09% from 0.33% a year earlier. The company also declared its first interim dividend for the financial year 2025–26. A dividend of ₹1.15 per equity share (i.e., 11.50% on the face value of ₹10 per share) has been approved, subject to deduction of TDS. The record date for determining the eligibility of shareholders for receiving this dividend has been fixed as Thursday, 14th August 2025. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
16 hours ago
- Business Upturn
BSE shares surge sharply after SEBI chairman says reports to curb weekly expiry ‘speculative'
Shares of BSE Ltd. surged sharply on August 6 after SEBI chairman dismissed recent media reports suggesting a possible curb on weekly derivatives expiry as 'false and speculative.' The strong denial brought relief to investors and traders, fueling a fresh rally in the stock. As of 12:15 PM, the shares were trading 1.09% higher at Rs 2,392.90. BSE opened at ₹2,370.40 and quickly gained momentum, climbing to an intraday high of ₹2,419.00, well above its previous close of ₹2,367.20. The day's low stood at ₹2,282.00, reflecting high volatility amid the news cycle. Over the past year, BSE has been one of the standout performers on the Street. From a 52-week low of ₹768.69, the stock has soared, hitting a 52-week high of ₹3,030.00 during its strong upward run. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
