Indiqube Spaces IPO: Indiqube Spaces IPO subscription window will open on July 23. The subscription window for the public issue is scheduled to close on July 25. Here’s a look at the Grey Market Premium (GMP), key dates, offer size, price band and other important details of the public issue:
Indiqube Spaces IPO GMP Today
On July 22 the GMP for Indiqube Spaces shares is trading around Rs 32 per share according to several websites which track grey market activity of IPO-bound stocks. In the last six sessions the GMP for Indiqube Spaces shares has ranged between Rs 0 to Rs 41. At the upper limit of Indiqube Spaces IPO price band, the estimated listing price basis the GMP is Rs 278 (Rs 237 + Rs 41).
GMP is the premium or additional money which investors are willing to pay for unlisted shares of an IPO-bound company in the grey market prior. Notably, the GMP is calculated prior to the actual listing of the stock on the exchanges. However, investors must note that GMP is an unofficial measure and is not the only factor which determines how a stock will list on the exchanges. Investors use the GMP as one of the many factors to estimate the demand for a stock prior to its listing. Typically, a higher GMP is an indicator of strong interest in a stock, and a lower GMP is an indicator of low investor interest in the stock.
Indiqube Spaces IPO Offer Size
Indiqube Spaces Ltd seeks to raise Rs 700 crore via a fresh issuance of 2.74 crore shares amounting to Rs 650 crore and an offer-for-sale of 21 lakh shares amounting to Rs 50 crore.
Indiqube Spaces IPO Price Band
Indiqube Spaces issue price has been fixed at Rs 225 to Rs 237 per share. Retail individual investors interested in applying for the public issue can apply by bidding for 1 lot consisting of 63 shares. Retail investors can apply for Indiqube Spaces IPO by making a minimum investment of Rs 14,175.
Indiqube Spaces IPO Key Dates
The subscription window for Indiqube Spaces IPO will remain open between July 23 and July 25. After the closure of the bidding window, the share allotment status of Indiqube Spaces IPO will be decided on July 28. Indiqube Spaces Ltd shares will make their D-street debut on July 30.
Indiqube Spaces IPO: Objective
Indiqube Spaces Ltd seeks to use the money raised via the public issue to fund its capital expenditure requirements. The co-working spaces company will use as much as Rs 462.65 crore from the total proceeds for this purpose. Additionally, Rs 93.04 crore will be used by the company for repaying the borrowings of Indiqube Spaces Ltd. The money raised through the public issue will be used for general corporate purposes.
About Indiqube Spaces
Indiqube Spaces Ltd was incorporated in 2015, and operates as a provider of workplace solutions. The workplace solutions include corporate hubs and branch offices. Indiqube Spaces also offers its clients asset renovation, B2B/B2C value-added services and other such services. The company has a portfolio consisting of 115 workplaces located across 15 cities and a seating capacity of 1,86,719 seats as of March 31, 2025.
