Latest news with #Indiqube
India Today
15 hours ago
- Business
- India Today
Indiqube Spaces IPO: Should you invest? Check GMP and review by experts
The initial public offering (IPO) of Indiqube Spaces is currently open for subscription and has attracted strong interest from retail investors. As of noon on the opening day, the issue was nearly half subscribed, with most bids coming from the retail Spaces is aiming to raise Rs 700 crore through this IPO. The issue includes a fresh issue of 2.74 crore shares worth Rs 650 crore and an offer for sale of 21 lakh shares valued at Rs 50 IPO is a bookbuilt issue with a price band of Rs 225 to Rs 237 per can bid in lots of 63 shares. For retail investors, the minimum investment comes to Rs 14,175. For small non-institutional investors (sNII), the minimum application is 14 lots or 882 shares (Rs 2,09,034), and for big non-institutional investors (bNII), it is 67 lots or 4,221 shares (Rs 10,00,377).ICICI Securities is the book-running lead manager, and MUFG Intime India Private Limited (Link Intime) is the registrar for the YOU SUBSCRIBE?Indiqube Spaces offers managed workplace solutions such as coworking spaces, interiors, tech services, and facility management. It uses a 'hub-and-spoke' model and caters to startups, mid-sized businesses, and large of March 31, 2025, the company operates 115 centres across 15 cities, managing 8.40 million sq ft with a total seating capacity of 1,86, to Anand Rathi's IPO report, the company is expanding its real estate footprint and plans to scale its customised office design service, IndiQube Bespoke, across tech platform MiQube is used to streamline operations and improve client experience. The report noted that the company is valued at a price-to-sales ratio of 4.7x and an EV/EBITDA of 14.6x post-issue, with a market cap of Rs 4,977.1 crore. The brokerage recommended a 'Subscribe–Long term' the company is still loss-making, experts see potential. Gaurav Garg from Lemonn Markets Desk said that Indiqube is working in a high-growth but underpenetrated sector. Its strong presence in key office markets and its technology-driven platform are positives. However, due to high valuations and ongoing losses, he suggested that this IPO may be more suitable for long-term investors who can take moderate GMPAs of July 23, 2025, the latest grey market premium (GMP) for Indiqube Spaces IPO stands at Rs 23. Based on the upper end of the price band (Rs 237), the expected listing price is Rs 260. This implies a potential listing gain of around 9.7%.key datesThe IPO will close for bidding on July 25, 2025. The allotment is expected to be finalised on July 28, 2025. The shares are likely to be listed on BSE and NSE on July 30, considering this issue are advised to look at the company's long-term business potential and not just the listing gains. The mix of high-profile clients, expanding presence, and integrated tech support positions Indiqube well in the flexible workspace segment. However, like any IPO, investors should be cautious about valuations and market conditions before deciding.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends advertisement
Economic Times
17 hours ago
- Business
- Economic Times
Indiqube Spaces IPO opens for subscription; GMP at 10%. Should you bid?
IndiQube Spaces' Rs 700 crore IPO opened on July 23, aiming to capitalize on India's expanding flexible workspace sector. The IPO comprises a fresh issue and an offer for sale, with a price band of Rs 225–237 per share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads IndiQube Spaces' Rs 700 crore IPO has opened on July 23, aiming to tap into India's fast-growing flexible workspace sector. The issue comprises a fresh issue of Rs 650 crore and an offer for sale of Rs 50 crore, with a price band of Rs 225–237 per the upper end, the issue values the company at a market cap of Rs 4,977 crore. The offering will close on July 25, with listing scheduled on BSE and NSE on July 30. Ahead of the issue opening, the GMP is around 10% over the offer priceThe Bengaluru-headquartered company is among India's leading providers of managed, tech-enabled office spaces. With a portfolio of 115 centres across 15 cities -- spanning over 8.4 million square feet -- Indiqube caters to a clientele ranging from startups to large global capability flagship verticals -- Indiqube Grow, Bespoke, One, and MiQube -- deliver end-to-end workspace solutions including co-working offices, facility management, tech services, and interior being loss-making (Rs 1,396 crore PAT loss in FY25), Indiqube posted a 27.5% revenue growth in FY25 and a sharp jump in EBITDA margins to 58.2%.Brokerage Anand Rathi has rated the IPO as "Subscribe–Long Term", citing the company's strong footprint in both Tier I and non-Tier I cities, diversified client base, and its capital-light business model."While fully priced, the IPO offers investors a scalable play on India's shifting workspace culture and the formalisation of the flexible office market," the note occupancy at steady-state centres at 86.5% and long-term contracts with clients, Indiqube offers visibility of recurring revenue—making it an attractive long-term bet despite near-term profitability risks.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
18 hours ago
- Business
- Time of India
Indiqube Spaces IPO opens for subscription; GMP at 10%. Should you bid?
IndiQube Spaces' Rs 700 crore IPO has opened on July 23, aiming to tap into India's fast-growing flexible workspace sector. The issue comprises a fresh issue of Rs 650 crore and an offer for sale of Rs 50 crore, with a price band of Rs 225–237 per share. At the upper end, the issue values the company at a market cap of Rs 4,977 crore. The offering will close on July 25, with listing scheduled on BSE and NSE on July 30. Ahead of the issue opening, the GMP is around 10% over the offer price by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates The Bengaluru-headquartered company is among India's leading providers of managed, tech-enabled office spaces. With a portfolio of 115 centres across 15 cities -- spanning over 8.4 million square feet -- Indiqube caters to a clientele ranging from startups to large global capability centres. Its flagship verticals -- Indiqube Grow, Bespoke, One, and MiQube -- deliver end-to-end workspace solutions including co-working offices, facility management, tech services, and interior design. Despite being loss-making (Rs 1,396 crore PAT loss in FY25), Indiqube posted a 27.5% revenue growth in FY25 and a sharp jump in EBITDA margins to 58.2%. Live Events Should you subscribe? Brokerage Anand Rathi has rated the IPO as "Subscribe–Long Term", citing the company's strong footprint in both Tier I and non-Tier I cities, diversified client base, and its capital-light business model. "While fully priced, the IPO offers investors a scalable play on India's shifting workspace culture and the formalisation of the flexible office market," the note said. With occupancy at steady-state centres at 86.5% and long-term contracts with clients, Indiqube offers visibility of recurring revenue—making it an attractive long-term bet despite near-term profitability risks.
Time of India
a day ago
- Business
- Time of India
Is Indiqube Spaces' IPO a risky bet amidst growing losses?
Tired of too many ads? Remove Ads ET Intelligence Group: Indiqube Spaces, a workplace solutions firm, plans to raise ₹650 crore through a fresh issue to fund capex plans and partially repay debt. It also has an offer for sale of ₹50 crore. The promoter stake will fall to 60.6% after the IPO from 70.9%. The company operates in a sector with strong potential for growth. It has 115 centres across 15 cities. About 63% of its revenue comes from Bengaluru, reflecting geographic concentration. Though revenue and operating profit before depreciation and amortisation (Ebitda) has increased in the past two years, the company continues to report net loss . Given these, investors may wait to see clarity in in 2015, Bengaluru headquartered Indiqube Spaces provides managed, sustainable, and technology-driven workplace solutions. The company's backward integration focuses on asset renovation, upgradation and customised build-to-suit models. It also provides value-added-services (VAS) to clients and their employees. It manages a portfolio of 115 centers across 15 cities, consisting of 105 operational centres and 10 centres for which Indiqube has executed letters of intent, covering 8.4 million square feet of area under management with a total seating capacity of 186,719 as of March from operations and Ebitda grew 35.2% and 61.4% annually to ₹616.5 crore and ₹236.7 crore, respectively between FY23 and FY25. Net loss declined to ₹139.6 crore in FY25 from ₹198.1 crore in FY23, while Ebitda margin grew to 58.2% from 40.83%, better than its listed peer Awfis Space Solutions which is around 33.3%. Net Debt was at ₹337.9 crore, out of which ₹93 crore will be paid from IPO proceeds. Awfis, on the other hand, runs cash positive operations (no debt).Price-to-earnings multiple will not help since the company is yet to record profits. The price-to-sales (P/S) multiple works out to 4.7 compared with 3.7 for Awfis. The enterprise value of Indiqube works out to be 8.6 times of Ebitda while it is 11.2 times for Awfis.
Economic Times
a day ago
- Business
- Economic Times
Is Indiqube Spaces' IPO a risky bet amidst growing losses?
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ET Intelligence Group: Indiqube Spaces, a workplace solutions firm, plans to raise ₹650 crore through a fresh issue to fund capex plans and partially repay debt. It also has an offer for sale of ₹50 crore. The promoter stake will fall to 60.6% after the IPO from 70.9%. The company operates in a sector with strong potential for growth. It has 115 centres across 15 cities. About 63% of its revenue comes from Bengaluru, reflecting geographic concentration. Though revenue and operating profit before depreciation and amortisation (Ebitda) has increased in the past two years, the company continues to report net loss . Given these, investors may wait to see clarity in in 2015, Bengaluru headquartered Indiqube Spaces provides managed, sustainable, and technology-driven workplace solutions. The company's backward integration focuses on asset renovation, upgradation and customised build-to-suit models. It also provides value-added-services (VAS) to clients and their employees. It manages a portfolio of 115 centers across 15 cities, consisting of 105 operational centres and 10 centres for which Indiqube has executed letters of intent, covering 8.4 million square feet of area under management with a total seating capacity of 186,719 as of March from operations and Ebitda grew 35.2% and 61.4% annually to ₹616.5 crore and ₹236.7 crore, respectively between FY23 and FY25. Net loss declined to ₹139.6 crore in FY25 from ₹198.1 crore in FY23, while Ebitda margin grew to 58.2% from 40.83%, better than its listed peer Awfis Space Solutions which is around 33.3%. Net Debt was at ₹337.9 crore, out of which ₹93 crore will be paid from IPO proceeds. Awfis, on the other hand, runs cash positive operations (no debt).Price-to-earnings multiple will not help since the company is yet to record profits. The price-to-sales (P/S) multiple works out to 4.7 compared with 3.7 for Awfis. The enterprise value of Indiqube works out to be 8.6 times of Ebitda while it is 11.2 times for Awfis.
