Indiaqube Spaces IPO GMP: Issue To Open Tomorrow; Check Price, Lot Size, Financials
Indiaqube Spaces IPO GMP: Indiqube Spaces IPO opens July 23-25, aiming to raise Rs 700 crore. Price band: Rs 225-237. Check GMP.
Indiaqube Spaces IPO GMP: Indiqube Spaces IPO is set to open for subscription from Wednesday, July 23 and will remain open until Friday, July 25. Indiqube Spaces Limited, the workplace solutions provider firm, is looking to raise Rs 700 crore from the primary market. The issue comprises new shares of 2.74 crore shares totaling Rs 650 crore and offer for sale of 0.21 crore shares totaling Rs 50 crore.
The price band for Indiqube Spaces IPO is set at Rs 225 to Rs 237. The issue includes a reservation of up to 63,291 shares for employees offered at a discount of Rs 22.00 to the issue price. One Lot contains 63 shares, translating to a minimum investment of Rs 14,931.
Incorporated in 2015, Indiqube Spaces Limited provides managed, sustainable, and tech-driven workplace solutions.
According to various market observers, the current grey market premium of Indiqube Spaces Limited' shares is 13.50 per cent. Unlisted shares of Indiqube Spaces Limited are currently at Rs 269.
The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
The tentative allotment and listing dates for Indiqube Spaces IPO are Monday, July 28 and July 30, respectively.
It will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Indiqube Spaces Ltd. reported a notable improvement in its financial performance for the year ending March 31, 2025, though it continues to remain in the red. The company's revenue rose by 27% year-on-year to Rs 1,102.93 crore in FY25, up from Rs 867.66 crore in FY24, while the net loss narrowed to Rs 139.62 crore from Rs 341.51 crore — a 59% reduction. This improvement was supported by a strong jump in operating profit, with EBITDA more than doubling to Rs 660.19 crore from Rs 263.42 crore a year earlier.
The company's total assets increased to Rs 4,685.12 crore in FY25 from Rs 3,667.91 crore, showing continued investment in business expansion. Despite a negative net worth of Rs 3.11 crore in FY25 — slipping from Rs 130.63 crore in FY24 — it marks a recovery from the deeper deficit of Rs 308.10 crore in FY23. Total borrowings rose to Rs 343.96 crore in FY25, up from Rs 164.02 crore.
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