Latest news with #IndiqubeSpaces
Mint
8 hours ago
- Business
- Mint
Brigade Hotel Ventures IPO to list on Thursday; GMP signals muted debut, price and details here
The IPO of Brigade Hotel Ventures, which concluded recently, is set to debut on the Indian stock exchanges on Thursday, July 31. The issue received a healthy response during its bidding period between July 24 and July 28, resulting in an overall subscription of 4.76 times. The IPO received total bids for 22.9 crore shares against 4.83 crore shares offered. The retail investors' portion was subscribed 6.83 times, while the NII and QIB portions were booked 2.03 times and 5.74 times, respectively. Also Read | Indiqube Spaces share price slips further 7% after weak listing As the bidding period has ended, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are quoting at ₹0 in the grey market, indicating that the shares might list at the same price as the issue price or at a slight discount. The grey market premium reflects investors' willingness to pay a premium over the IPO price. If the GMP is trading at 0 ahead of the listing, it typically suggests that the stock might have a muted debut on the exchanges. The mainboard IPO, valued at ₹759 crore, is entirely a fresh issue of 8.44 crore shares. The company shares are to be listed on both NSE and BSE exchanges, and it proposed to utilize the proceeds from the IPO for repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited. Also Read | Sri Lotus Developers raises ₹237 crore worth shares via anchor book The company said it will also use the funds to pay for the purchase of an undivided share of land from the promoter, pursue inorganic growth through unidentified acquisitions and other strategic initiatives, and cover general corporate purposes. About Brigade Hotel Ventures Brigade Hotel Ventures Limited is the owner and developer of hotels in key cities in India, primarily across South India. The company is a wholly owned subsidiary of BEL, which is one of the leading Indian real estate developers in India. The company owns chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, and Telangana and the Union territories of Lakshadweep, Andaman and Nicobar Islands, and Pondicherry) among major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of March 31, 2025. Also Read | Brigade Hotel IPO allotment date likely today. Steps to check status online The hotels provide a comprehensive customer experience, including fine dining and specialty restaurants, venues for meetings, incentives, conferences, and exhibitions ('MICE'), lounges, swimming pools, outdoor spaces, spas, and gymnasiums. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
8 hours ago
- Business
- Mint
Indiqube Spaces share price slips further 7% after weak listing. Should you buy, sell or hold?
Indiqube Spaces made a weak debut on Dalal Street today, July 30, as the stock listed at a 9% discount at ₹216 apiece on the NSE, compared to the issue price of ₹237. On the BSE, it opened 7.7% lower at ₹218. Following the poor listing, the stock slipped further to ₹201.60, down 6.7% from its listing price and 15% below the IPO price. At 12:30 p.m., the stock was trading at ₹211.09 apiece. Analysts said the weak listing was due to the issue being fully priced, leaving little incentive for investors to participate, even though the company's long-term prospects appear optimistic. Sourav Choudhary, Managing Director, Raghunath Capital, said the muted debut of Indiqube Spaces, which listed nearly 8–9% below its issue price, reflects market skepticism around valuation and the absence of near-term profitability. According to Choudhary, for short-term investors, the lack of listing gains and subdued grey market sentiment offer little incentive to enter at current levels, and any upside in the near term is likely to be speculative rather than fundamentally driven. Choudhary added that from a long-term investment perspective, Indiqube's business model remains relevant in a post-COVID world where flexible, managed workspaces are gaining traction. He highlighted that the company's strong EBITDA margins and focused enterprise clientele offer scalability potential, particularly if it can diversify beyond its heavy Bengaluru concentration. Choudhary suggested that investors with a 3–5-year horizon and a higher risk appetite may consider staggered exposure, preferably on price corrections, as the company works toward profitability. "We are maintaining a 'Neutral to Selective Long-Term Accumulate' stance on Indiqube Spaces, with a close watch on its quarterly performance, cost structure, and expansion strategy beyond southern markets," said Sourav. About Indiqube Spaces Indiqube Spaces is a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience. Its diverse solutions range from providing large corporate offices (hubs—i.e., the main office of their clients where key functions, leadership teams, and primary operations are based, typically located in a central or strategic area) to small branch offices. The company focuses on transforming the workplace experience of employees by combining interiors, amenities, and a host of value-added services that go beyond standard workspace leasing. These services include amenities, green initiatives, designed interiors, and B2B and B2C solutions ranging from facility management, sale of goods, asset maintenance, and plantation to catering and transportation services for employees of their clients, as well as technology applications. These offerings are provided through contracts with clients occupying spaces within their centers or with third-party clients ('VAS'). Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
9 hours ago
- Business
- Mint
Indiqube Spaces shares make weak debut, list at ₹216 on NSE, down 8.86% from issue price
Indiqube Spaces IPO listing: Shares of Indiqube Spaces made a weak debut on the bourses on Wednesday, July 30, listing at ₹ 216 on NSE, a discount of 8.86 percent to its issue price of ₹ 237. Meanwhile, on BSE, it listed at ₹ 218.70, down 7.7 percent from the issue price. The ₹ 700-crore initial public offering (IPO), with a total issue size, was open for bidding from July 23 to July 25. The issue witnessed a robust response from investors, closing with a subscription of 13 times during the three-day bidding process. The IPO attracted bids for 21.16 crore shares compared to the 1.62 crore shares on offer. The retail investor category was subscribed 13.28 times, while the non-institutional investor (NII) segment witnessed 8.68 times subscription. Meanwhile, the qualified institutional buyer (QIB) portion was bid the most, 15.12 times. The issue was a combination of a fresh issue of 2.74 crore shares, aggregating to ₹ 650 crore, and an offer for sale of 0.21 crore shares, aggregating to ₹ 50 crore. The lot size for the IPO was fixed at 63 shares, making the minimum investment for retail investors ₹ 14,175. The proceeds from the fresh issue are intended to support the company's future expansion plans. This includes strengthening its operational footprint, meeting ongoing working capital needs, and fulfilling general corporate requirements. Ahead of the public offering, the company successfully raised ₹ 314.32 crore from anchor investors on July 22. The IPO followed the standard allocation pattern, with 75 percent of the issue reserved for Qualified Institutional Buyers (QIBs), 15 percent for Non-Institutional Investors (NIIs), and the remaining 10 percent allocated to Retail Individual Investors (RIIs). The issue also included a reservation of up to 69,767 shares for employees offered at a discount of ₹ 22.00 to the issue price. ICICI Securities Limited is the book-running lead manager of the Indiqube Spaces IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Incorporated in 2015, Indiqube Spaces Limited focuses on delivering managed, sustainable, and technology-enabled workplace solutions, with the goal of redefining conventional office environments for today's businesses. The company provides a range of workspace offerings such as corporate hubs and branch offices, designed to elevate employee experience through curated interiors, modern amenities, and tailored services. Its business model integrates asset renovation, customised workspace solutions, and a mix of B2B and B2C value-added services. It offers clients fully equipped plug-and-play offices, ensuring a seamless and comprehensive office infrastructure for both businesses and their employees.
Time of India
10 hours ago
- Business
- Time of India
Indiqube Spaces shares fall 8% after weak market debut. What should investors do?
Indiqube Spaces shares experienced a decline after a weak stock market debut, trading below the IPO price due to investor concerns about valuation and profitability. Despite short-term skepticism, the company's business model in flexible workspaces and strong EBITDA margins offer long-term potential. Analysts suggest a neutral stance, closely monitoring performance and expansion strategies. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indiqube Spaces IPO Details Indiqube Spaces Business Overview Shares of Indiqube Spaces declined nearly 8% to Rs 325.5 on the BSE after making a weak debut on the exchanges on stock opened at Rs 218.7 on the BSE, marking a 7.7% discount to its IPO price of Rs 237. On the NSE, it debuted at Rs 216, down 8.9% from the issue Choudhary, Managing Director at Raghunath Capital, said the muted listing reflects investor concerns.'The muted debut of Indiqube Spaces, listing nearly 8–9% below its issue price, clearly reflects market skepticism around valuation and the absence of near-term profitability. For short-term investors, the lack of listing gains and subdued grey market sentiment offer little incentive to enter at current levels.'He added that the company may still hold promise over a longer horizon.'That said, from a long-term investment lens, Indiqube's business model remains relevant in a post-COVID world where flexible, managed workspaces are gaining traction. The company's strong EBITDA margins and focused enterprise clientele offer scalability potential, especially if it can diversify beyond its heavy Bengaluru concentration.''We are maintaining a 'Neutral to Selective Long-Term Accumulate' stance on Indiqube Spaces, with a close watch on its quarterly performance, cost structure, and expansion strategy beyond southern markets,' Choudhary IPO, which ran from July 23 to July 25, comprised a fresh equity issue of Rs 650 crore and an offer for sale (OFS) of Rs 50 crore. The issue was priced at Rs 237 per share and raised Rs 314.32 crore from anchor investors ahead of the Spaces is a leading player in India's managed office solutions segment. The company operates 105 centres across 15 cities, managing 8.4 million square feet of three core verticals—Indiqube Grow, Bespoke, and One—cater to different enterprise needs, offering ready-to-move-in workspaces in urban centres. Indiqube follows a capital-efficient model by leasing and refurbishing older buildings in high-demand the company has demonstrated strong revenue and operational growth, it remains loss-making, with a net loss of Rs 139.62 crore in FY25. However, the loss has narrowed compared to the previous fiscal proprietary tech platform MiQube offers digital access and services to clients, positioning Indiqube as a tech-forward player in the evolving commercial real estate landscape.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Standard
10 hours ago
- Business
- Business Standard
Indiqube Spaces slides on debut
Shares of Indiqube Spaces were currently trading at Rs 213.25 at 10:22 IST on the BSE, representing a discount of 10.02% compared with the issue price of Rs 237. The scrip was listed at Rs 218.70, exhibiting a discount of 7.72% to the issue price. So far, the stock has hit a high of Rs 222.75 and a low of Rs 201.55. On the BSE, over 4.84 lakh shares of the company were traded in the counter so far. The initial public offer of Indiqube Spaces was subscribed 12.47 times. The issue opened for bidding on 23 July 2025 and it closed on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. The issue comprised both an issue of fresh equity aggregating to Rs 650 crore and an offer for sale aggregating to Rs 50 crore. Of the net proceeds from the fresh issue, Rs 462.649 crore will be used for funding capital expenditure towards the establishment of new centers; Rs 93.035 crore towards repayment/prepayment/redemption, in full or in part, of certain borrowings availed by the company; and the balance for general corporate purposes. Total outstanding borrowings as of May 31, 2025, were Rs 332.079 crore on a consolidated basis. IndiQube Spaces is a managed workspace solutions provider offering tech-driven, sustainable office spaces. As of March 31, 2025, the company operated 115 centers across 15 cities with a total portfolio of 8.40 million sq. ft. and a seating capacity of 1.86 lakh. It has a strong presence in Bengaluru and Chennai, comprising over 79% of its total area under management. IndiQube primarily caters to enterprise clients, including Global Capability Centers, and maintains high occupancy and long lease tenures. The company earns revenue through workspace leasing and value-added services like F&B and IT support. Ahead of the IPO, Indiqube Spaces on 22 July 2025 raised Rs 314.32 crore from anchor investors. The board allotted 1.36 crore shares at Rs 237 each to 29 anchor investors. The firm reported a consolidated net loss of Rs 139.62 crore and sales of Rs 1,059.29 crore for the twelve months ended on 31 March 2025.
