INDIQOBE Spaces iPo: Workspace Solutions Provider Raises ₹ 314 Crore from Anchor Investors Ahead of Public Issue

Indichube spaces IPO: Workplace Solutions Provider Indicube Spaces Completed ITS Anchor Investor Round on Tuesday, July 22, 2025. The company raised over 314 Crore from Anchor Investors Ahead of Its Initial Public Offering (IPO).

INDIQOBE Spaces Allocated a Total of 1,32,62,658 Equity Shares or 1.32 Crore Equity Shares to the anchor Investors at an Allocation Price of 237 per share, the company informed bse in an exchange filing.

Of the total equity shares allocated to the anchor investors, 8,932,571 shares were assigned to 8 domestic mutual funds across 21 schemes.

Aditya Birla Sun Life Mf, Ashoka Whiteoak ICav & Whiteoak Capital, Invesco India Els Tax Sver Fund, Bandhan Large & Mid Cap Fund, Motilal Oswal Large Cap Fund, Malabar India Fund & Malabar Midcap Fund are some of the key anchor investors who were allocated equity shares.

Additionally, Max New York Life Insurance, Edelweiss Mf, Baroda BNP Paribas, Tocu Europe III SA RL, Groww Mutual Fund, BNP Paribas Financial Markets, Citigroup Global MARKETS Mauritius Private Limited, And Societe General Were Allotted Equity Shares.

Notably, Westbridge Capital, Along with Group Companies Aravali Investment Holdings, Westbridge AIF I, Konark Trust, and Mmpl Trust, Mmpl Trust, Has A Pre-Offer Shareholding of 27.95 per 1.95 per cent in the company Not diluting any stake.

INDIQOBE Spaces IPO Latest Gmp

On Tuesday, July 22, The Grey Market Premium (Gmp) of Indicube spaces iPo Stood at 23 per share at 8:36 pm. With the upper price band at 237 per share, the shares of the company are expected to be listed at 260, with a premium of 9.7 per cent, according to data from investment.

INDIQOBE Spaces IPO Details

INDIQOBE Spaces has set the price band for the public issue at 225 to 237 per equity share. The company aims to raise 700 Crore from this Public Offer, of which 50 Crore is reserved for offer for sale (ofs). The remaining 650 Crore will be raised through the issue of fresh shares.

In Fiscal 2025, Indqube Reported a Total Income of Rs1,103 Crore and a Cagr of 35 per cent from fiscal 2023. The company’s ebitda study at at 660 Crore with a return on Capital Employed (ROCE) of 34.21 per cent.

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