Listed

Indiqube Spaces Ltd IPO

Indiqube Spaces Ltd. is a managed office space provider offering flexible workspace solutions across India. The company caters to startups, SMEs, and large enterprises by providing fully serviced and customizable office environments. With a focus on innovation, technology integration, and modern infrastructure, Indiqube aims to address evolving workplace demands while ensuring scalability and cost-efficiency for its clients.

RHP DRHP

Min Investment

₹14,175

Lot Size

63 Shares

Price Range

₹237.0

Issue Size (₹ Cr.)

₹700.0

IPO Type

BSE NSE

Key Metrics

Face Value

₹ 1

GMP

₹ 14.0

Subscription

1.42x

EPS

₹ -

P/E Ratio

- x

RoNW

ROE

-2.19%

Debt to Equity (₹ Cr.)

-110.58

Timeline

IPO Opened23/07/2025Wednesday

IPO Closed25/07/2025Friday

Allotted28/07/2025Monday

Refunded29/07/2025Tuesday

Listed30/07/2025Wednesday

Strengths

Widespread Presence Indiqube operates over 100 centers across major Indian cities, offering strong geographic coverage in the coworking space industry.
Consistent Revenue Growth The company has shown steady growth in revenue, reflecting rising demand for flexible office solutions.
Corporate-Focused Model Its focus on enterprise clients ensures higher occupancy, better margins, and long-term contracts.
Backed by Reputed Investors Strong investor support, including from private equity firms, helps boost expansion plans and financial confidence.
Tech-Enabled Infrastructure Indiqube offers digitally integrated office solutions, enhancing user experience and operational efficiency.

Weaknesses

High Operational Costs Managing and maintaining premium office spaces across cities involves significant fixed and variable expenses.
Dependency on Metro Cities A large portion of its business is concentrated in major urban areas, limiting regional diversification.
Vulnerability to Economic Cycles A slowdown in the economy or startup funding can impact demand for coworking spaces.
Stiff Market Competition Faces tough competition from players like WeWork, Awfis, and local coworking providers.
Client Retention Risks With short-term or flexible leasing models, there's a higher risk of client churn.