Indiqube Spaces IPO opens on July 23; GMP hints at 13% premium
Indiqube Spaces is set to open its initial public offering (IPO) for subscription on Wednesday, July 23. Ahead of the launch, the company's shares are trading at a
grey market premium
(GMP) of Rs 31–32, indicating a potential listing gain of around 13% over the upper price band of Rs 237.
While the GMP reflects investor interest, market watchers caution that it remains speculative and can fluctuate significantly before listing.
Explore courses from Top Institutes in
Select a Course Category
CXO
Data Science
Data Analytics
Management
Others
MBA
Project Management
Design Thinking
Public Policy
Product Management
MCA
Technology
Digital Marketing
Finance
healthcare
Operations Management
Healthcare
Data Science
Artificial Intelligence
Leadership
Degree
Skills you'll gain:
Digital Strategy Development Expertise
Emerging Technologies & Digital Trends
Data-driven Decision Making
Leadership in the Digital Age
Digital Strategy Development Expertise
Emerging Technologies & Digital Trends
Data-driven Decision Making
Leadership in the Digital Age
Duration:
40 Weeks
Indian School of Business
ISB Chief Digital Officer
Starts on
Jun 30, 2024
Get Details
Skills you'll gain:
Customer-Centricity & Brand Strategy
Product Marketing, Distribution, & Analytics
Digital Strategies & Innovation Skills
Leadership Insights & AI Integration Expertise
Duration:
10 Months
IIM Kozhikode
IIMK Chief Marketing and Growth Officer
Starts on
Apr 7, 2024
Get Details
Skills you'll gain:
Digital Strategy Development Expertise
Emerging Technologies & Digital Trends
Data-driven Decision Making
Leadership in the Digital Age
Duration:
40 Weeks
Indian School of Business
ISB Chief Digital Officer
Starts on
Jun 30, 2024
Get Details
Skills you'll gain:
Technology Strategy & Innovation
Emerging Technologies & Digital Transformation
Leadership in Technology Management
Cybersecurity & Risk Management
Duration:
24 Weeks
Indian School of Business
ISB Chief Technology Officer
Starts on
Jun 28, 2024
Get Details
IPO Details
The IPO will open for subscription on July 23 and close on July 25. The price band is fixed at Rs 225–237 per share, with investors able to apply in lots of 63 shares.
The Rs 700 crore issue comprises a fresh issue of Rs 650 crore and an offer for sale (OFS) worth Rs 50 crore.
Live Events
Indiqube Spaces has reserved 88,41,773 shares (29.94%) for Qualified Institutional Buyers (QIBs), 44,20,885 shares (14.97%) for Non-Institutional Investors (NIIs), and 29,47,257 shares (9.98%) for retail investors. An additional 63,291 shares have been allocated for employees.
ICICI Securities
is the lead manager for the IPO, while MUFG Intime India (formerly Link Intime) is the issue registrar.
Use of Proceeds
The company plans to use Rs 462.65 crore from the IPO proceeds to set up new centres. About Rs 93 crore will go toward partial or full repayment of borrowings, while the remaining amount will be used for general corporate purposes.
About the Company
Founded in 2015,
Indiqube Spaces
(formerly Innovent Spaces Pvt. Ltd.) provides modern, sustainable workspace solutions. It began operations in Uttar Pradesh before relocating its base to Bengaluru in 2018.
For FY25, the company reported revenue of Rs 1,102.93 crore, up 27% from Rs 867.66 crore in FY24. Net loss narrowed sharply to Rs 139.62 crore in FY25, compared to Rs 341.51 crore in the previous fiscal year.
(
Disclaimer
: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
ETMarkets WhatsApp channel
)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
15 minutes ago
- Business Standard
₹8 Cr credit, 0 forex, VIP lounges-Inside Kotak's invite-only banking club
olitaire isn't something you apply for. You're invited, and that too based not merely on account balances, but on something Kotak calls Total Relationship Value Sunainaa Chadha NEW DELHI Kotak Mahindra Bank on Friday launched Kotak Solitaire—an invitation-only banking experience designed for India's truly affluent families. But unlike premium accounts you can walk in and open, Solitaire isn't for everyone. You don't apply. You're invited. A Banking Experience You Can't Buy Into—Only Belong To Solitaire is invitation-only, reserved for individuals and families with a deep, multi-dimensional financial relationship with Kotak. It's not about account balances—it's about Total Relationship Value across deposits, investments, loans, insurance, and demat holdings offered by the Bank and it is calculated at a family level. 'Solitaire recognizes success, respects ambition, and reimagines what banking should feel like,' said Rohit Bhasin, President - Head of Affluent, NRI, and Business Banking at Kotak Mahindra Bank. Why it matters for affluent families For India's fast-growing wealthy segment, standard banking no longer meets elevated expectations. Through in-depth research, Kotak found affluent customers felt largely invisible—underserved, with fragmented experiences across product lines and little personal recognition. Solitaire seeks to change that with features such as: ₹8 Crore Pre-Approved Credit Lines across home, personal, and credit card loans Family-First Banking, including shared privileges and credit limits Segment-Specific Offerings tailored to salaried professionals and entrepreneurs Dedicated Relationship Managers for high-touch service A unified platform across Kotak's banking, wealth, and insurance products Solitaire Credit Card: The Lifestyle Enabler The invite-only Solitaire Credit Card brings more than luxury—it delivers loyalty rewards and savings designed for families: Zero forex markup, making it ideal for international travel 10% Airmiles on travel spends, with a cap of ₹1 lakh Airmiles per statement cycle Unlimited lounge access, even for add-on cardholders and their guests No annual fee, and generous redemption options across airlines and hotels Fuel surcharge waived for transactions up to Rs 7500 'This card doesn't just reward you—it respects your journey,' said Frederick Dsouza, Business Head – Credit Cards. 'It's designed for those who've earned their place at the top—and want their family to enjoy the same level of service and recognition.' Solitaire is Kotak's way of saying, 'We see you'—not just your money. But it's not for everyone. You can't apply. You must be invited. And that exclusivity? That's exactly the point. Is it worth it? If you qualify, the benefits are compelling: preferential service, curated offers, significant credit access, and family-first design. For frequent fliers, business families, and those managing multi-asset portfolios, Solitaire may offer more value—and dignity—than legacy wealth programs. But the exclusivity comes at a cost: you can't apply. That means the average high-income earner—even with a seven-figure salary—might not be eligible without deep, multi-layered engagement with Kotak. Still, for India's truly affluent families, Solitaire may be one of the few banking programs that finally speaks their language—discreet, discerning, and deeply personal.
Time of India
15 minutes ago
- Time of India
Flying from London to the US just got easier for these connecting travelers
American Airlines and Delta Air Lines are piloting 'One Stop Security' at London Heathrow for select US-bound flights. Passengers connecting through Dallas-Fort Worth or Atlanta may skip baggage rechecking and TSA screening. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Passengers flying from London Heathrow to the United States and connecting onward may now experience faster transfers under a new pilot program. American Airlines and Delta Air Lines , in coordination with US authorities, have launched 'One Stop Security' for select flights to Dallas-Fort Worth and Atlanta, removing key bottlenecks like baggage rechecking and secondary security program currently applies to American Airlines Flight 51 from Heathrow to Dallas, and select Delta flights to Atlanta's Hartsfield-Jackson airport. Travelers on these routes will no longer need to pick up and recheck their bags or pass through TSA screening again before their onward domestic American Airlines, eligible passengers will remain within the secure area at gate level in Dallas. They will undergo a smaller passport control check and proceed directly to their next process in Atlanta differs slightly. All passengers will be routed through a dedicated customs area. However, only those enrolled in Global Entry or using the Mobile Passport Control app — available to US citizens and lawful permanent residents — will be able to bypass TSA said this new system can save up to 40 minutes during the connection Transportation Security Administration has not issued an official comment, but TSA Deputy Administrator Adam Stahl told Fox News that more international airports would join the pilot 'in the coming months.'The program, which began earlier this year in the reverse direction — from Dallas-Fort Worth to London Heathrow for travelers connecting onward to non-UK destinations — is part of an effort to reduce friction in transatlantic travel. American Airlines confirmed that it is currently offered on five daily outbound flights from Dallas to airlines have established dedicated customs zones for participating flights. While procedures vary, the goal is the same: make international-to-domestic transfers more seamless for eligible travelers.
Mint
15 minutes ago
- Mint
ISB Hyderabad students take ‘digital snan' for placements, but only ‘B section gets blessing'
In a quest to secure good placements, students of the Indian School of Business (ISB) are reportedly turning to 'digital snan' -- a trend that gained attention during the Maha Kumbh 2025. A video gaining massive traction on Instagram shows a man at Uttar Pradesh's Sangam carrying out a symbolic 'digital snan' on behalf of select ISB students in Hyderabad. In the now-viral clip, the man is seen dipping a sheet of paper bearing the photographs of several students into the holy river, symbolically praying for their successful placements. The video, shared by @bobcats_co26 with the caption: 'We are placements ready. Are you?', quickly went viral. The Maha Kumbh 2025, held every 12 years, witnessed millions of devotees taking a holy dip at the Triveni Sangam. For those who couldn't attend in person, the concept of a 'digital snan' emerged. A man identified as Deepak Goyal even launched a business offering digital snans — asking people unable to attend the holy gathering to send their photos via WhatsApp. He would then print the images and dip them into the sacred waters within 24 hours of the transaction. Charging ₹ 1,100, Goyal claims to purify the souls of distant devotees by submerging photocopies of their images in the holy river. The video, shared on July 24, has since racked up over 8.37 lakh views and sparked a flurry of comments online. Viewers were both amused and surprised, especially given the business school backdrop. While some praised it as a witty blend of tradition and modern-day placement anxiety, others joked that when resumes fall short, prayers might just do the trick. One user, @anissamalhotrajain, commented, 'Love how many times it was clarified that only B section is being blessed.' A second user, @sibsuuu, with a hint of sarcasm, wrote, 'Requesting the YSB career services team to step in and neutralise the unfair strategic advantage that this section got over others.' Another user, @ quipped, 'Oops, should be done thrice... all your packages will be 2/3rd of what it should've been.' A handful of users joked that the placement grind is so intense, students are now turning to holy hacks like digital snans.
