Indiqube Spaces IPO: GMP, Date, And Price – All You Need To Know

The IPO season is heating up, and Indiqube Spaces Limited is all set to make its debut on Dalal Street. Backed by strong growth in the managed office space segment, this Bengaluru-based company has rolled out its public issue with an ambitious plan to fuel its expansion and strengthen its financial position.

Here’s a complete guide on the Indiqube Spaces IPO, including its GMP (Grey Market Premium), important dates, pricing details, and whether investors should consider subscribing.

Indiqube Spaces IPO Dates

• IPO Open Date: July 23, 2025

• IPO Close Date: July 25, 2025

• Allotment Finalisation: July 28, 2025

• Refund Initiation: July 29, 2025

• Shares Credited to Demat Accounts: July 30, 2025

• Listing Date: July 30, 2025 (on NSE and BSE)

This timeline ensures investors don’t miss out on any crucial steps.

Indiqube Spaces IPO Price & Lot Size

• Price Band: ₹225 – ₹237 per equity share

• Lot Size: 63 shares (minimum investment of ₹14,931 at the upper band)

• Issue Size: ₹700 crore (₹650 crore fresh issue + ₹50 crore Offer for Sale)

The IPO is structured to attract institutional, retail, and employee investors, with an employee discount also offered.

Indiqube Spaces IPO GMP (Grey Market Premium)

As of the latest reports, the Indiqube Spaces IPO GMP is around ₹40 per share. This indicates an expected listing price of approximately ₹277 (a premium of nearly 17% over the upper price band).

The GMP reflects strong investor interest, but it’s important to monitor how it trends during the subscription period

About Indiqube Spaces Limited

Founded in 2015, Indiqube Spaces has become one of India’s leading players in the co-working and managed office solutions sector.

• Headquarters: Bengaluru

• Presence: 15 cities across India

• Total Centres: 115

• Seating Capacity: Over 1.8 lakh seats

The company provides customized workspace solutions for startups, SMEs, and large enterprises.

Financial Performance

• FY25 Revenue: ₹1,103 crore (35% CAGR over the last 2 years)

• EBITDA: ₹660 crore

• Net Profit: Still in losses (~₹14 crore in FY25)

• Peers: Competes with Awfis Space Solutions, Smartworks, and WeWork India

The strong revenue growth highlights its market potential, though profitability is yet to be achieved.

Use of IPO Proceeds

Indiqube plans to deploy the ₹650 crore raised from the fresh issue as follows:

₹462 crore – Launching new workspace centres
₹93 crore – Debt repayment
Rest – General corporate purposes

This focus on expansion and deleveraging aims to strengthen the company’s market position.

Should You Invest?

The Indiqube Spaces IPO offers exposure to India’s fast-growing managed office space sector. While the company has strong fundamentals and growth potential, investors should consider these factors:

Positives:

• Strong revenue growth trajectory

• High demand for flexible workspaces

• Robust GMP suggesting listing gains

Risks:

• Still loss-making

• Heavily reliant on leased properties

• Competition from established players

If your focus is on short-term gains, the promising GMP and positive market sentiment could make this IPO attractive. For long-term investors, a careful review of the company’s path to profitability is essential.

Final Thoughts

The Indiqube Spaces IPO has created significant buzz in the market, thanks to its growth story and the rising trend of co-working spaces in India. With a healthy GMP of ₹40, it is expected to witness strong subscription numbers from both retail and institutional investors.

Mark your calendars for July 23–25 and decide if this IPO aligns with your investment goals.