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Time of India
5 days ago
- Business
- Time of India
IndiQube Spaces raises ₹314 crore from anchor investors ahead of IPO
NEW DELHI: IndiQube Spaces , a managed workspace solutions company, has raised over ₹314.32 crore from anchor investors ahead of its initial public offering. The shares were allotted at ₹237 apiece, according to an exchange filing. Key anchor investors include Aditya Birla Sun Life MF , Ashoka WhiteOak ICAV , Invesco India ELSS Tax Saver Fund, Bandhan Large & Mid Cap Fund, Motilal Oswal Large Cap Fund, Malabar India Fund, and Malabar Midcap Fund. Other participants include Max New York Life Insurance, Edelweiss MF, Baroda BNP Paribas, TOCU Europe III S.A R.L., Groww Mutual Fund, BNP Paribas Financial Markets, Citigroup Global Markets Mauritius, and Société Générale. Out of 13.26 million equity shares allocated to anchor investors, 8.93 million shares (67.35%) were allotted to eight domestic mutual funds across 21 schemes. Private equity investor WestBridge Capital, which holds a 27.95% pre-offer stake in IndiQube through its group entities, is not diluting its holding in the offer. Founded in 2015, IndiQube had a portfolio of 8.40 million sq ft across 115 properties in 15 cities with a seating capacity of 1,86,719 as of March 2025, up from 4.94 million sq ft across 74 centres in March 2023. Of its 769 clients, 44% are Global Capability Centres, and 63% of occupied area comes from clients leasing over 300 seats. The company reported a total income of ₹1,103 crore in FY25, with an EBITDA of ₹660 crore and an RoCE of 34.21%. Occupancy at steady state centres stood at 86.50%. IndiQube paid income tax of ₹7.7 crore in FY24 and ₹8.4 crore in FY25 under IGAAP, and holds a CRISIL A+/Stable rating. The IPO opens on July 23, 2025, and closes on July 25, 2025, with a price band of ₹225–₹237 per share. ICICI Securities and JM Financial are the book-running lead managers.
NDTV
28-04-2025
- Business
- NDTV
Ather Energy Rolls Out IPO; Subscription Open Till April 30
Ather Energy Limited, the electric two-wheeler manufacturer EV company has announced the opening of its IPO. Prospective investors are open for subscription from today, i.e. 28th April, and will be open till 30th April. Ather's IPO is categorized under the mainboard listing, with a book-built offer worth Rs 2,890.76 crore. Here are the insights that you must check out. Some of the key anchor investors who were allocated shares are SBI MF, Custody Bank of Japan, Franklin Templeton, Aditya Birla Sun Life MF, Abu Dhabi Investment Authority (ADIA), Singapore-headquartered global asset manager Eastspring Investments, ICICI Prudential MF, Invesco MF, global asset management firm Morgan Stanley Investment Management (MSIM), Aditya Birla Sun Life Insurance, Samir Arora backed Helios MF, ITI MF, Union MF, Tata Investment, Subhkam Ventures, a privately managed family office, Societe Generale, BNP Paribas Financial Markets. Also Read: KTM Halts Production In Austria Again SBI Mutual Fund led the pack with shares allocated worth Rs 310 crores, besides Franklin Templeton Global, Aditya Birla Sun Life MF, Abu Dhabi Investment Authority, Singapore headquartered global asset manager Eastspring Investments, and Invesco MF being other investors who were allocated shares more than Rs 100 crores each. According to a circular uploaded on BSE's website, out of the total allocation of 41,745,576 (4.17 crore) Equity Shares to the Anchor Investors, 20,685,556 (2.06 crore) Equity Shares (i.e. 49.6 % of the total allocation to Anchor Investors) were allocated to 7 domestic mutual funds through a total of 14 schemes. The e2w maker has seen improved financial performance during the nine months ended December 2024, with revenue from operations increasing from Rs 1230 crore to Rs 1579 crore, losses reducing from Rs 776.4 crore to Rs 578 crore, and adjusted gross margins improving from 9% to 19%, driven by better cost control and sales of Rizta. The IPO of Ather Energy has opened today and closes on Wednesday, April 30, 2025 with a price band of Rs 304 per equity share to Rs 321 per equity share of face value of Rs 1 each.
