Indiqube Spaces IPO GMP: Should You Subscribe?
22 July 2025 · Sachin Gadekar
Indiqube Spaces IPO GMP, Price Band, Subscription & Listing Details
IndiQube Spaces IPO Closes Today; Oversubscribed 2.54 Times
The ₹700-crore IndiQube Spaces IPO closes today (Friday, July 25) after raising ₹314 crore from anchor investors ahead of its public offering.
The Bengaluru-based workspace solutions firm set its price band at ₹225–₹237 per share, valuing the company at nearly ₹5,000 crore at the upper end.
The IPO, which opened on Wednesday, July 23, aims to raise ₹650 crore through a fresh issue, while promoters plan to offload shares worth ₹50 crore via an Offer-for-Sale (OFS). Notably, WestBridge Capital, an early investor since 2018, will retain its entire stake and is not participating in the OFS.
The issue is oversubscribed 2.54 times, reflecting strong demand from both retail and institutional investors and underscoring IndiQube’s growing presence in the flexible workspace sector.
Key Indiqube Spaces IPO Details
IPO Opening Date: July 23, 2025
IPO Closing Date: July 25, 2025
IPO Price Band: ₹225 – ₹237 per share
Lot Size: 63 shares
Minimum Investment (Retail): ₹14,931
Fresh Issue: ₹650 crore
Offer for Sale: ₹50 crore
Total Issue Size: ₹700 crore
Listing: BSE, NSE
Expected Listing Date: July 30, 2025
Employee Discount: ₹22 per share
Indiqube Spaces IPO GMP: What is the Grey Market Premium Today?
The Indiqube Spaces IPO GMP or Grey Market Premium indicates the unofficial market price investors are willing to pay over the IPO issue price before the shares get listed. As of the latest updates, the GMP has ranged between ₹50 – ₹65, which suggests a possible 20% – 25% listing gain over the upper price band.
However, keep in mind that GMP is unofficial and volatile. It can change daily based on subscription numbers and overall market sentiment.
Why Do Investors Track GMP?
Grey market trading and Kostak rates give retail investors a sense of expected listing gains. A strong GMP usually means higher demand in the market.
For example, if the Indiqube Spaces IPO GMP is ₹60 and the issue price is ₹237, the expected listing price could be around ₹297 per share.
Indiqube Spaces IPO Subscription Details
The IPO consists of:
Fresh Issue: 2.74 crore shares (₹650 crore)
Offer for Sale: 0.21 crore shares (₹50 crore)
Anchor Investors: Indiqube raised ₹314.32 crore from anchor investors on July 22, 2025.
Reservations:
QIB (Qualified Institutional Buyers): 74.84%
NII (Non-Institutional Investors): 14.97%
Retail Investors: 9.98%
Employee Quota: 0.21% with ₹22 discount
Lot Size & Investment Details
| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 63 | ₹14,931 |
| Retail (Max) | 13 | 819 | ₹1,94,103 |
| sNII (Min) | 14 | 882 | ₹2,09,034 |
| sNII (Max) | 66 | 4,158 | ₹9,85,446 |
| bNII (Min) | 67 | 4,221 | ₹10,00,377 |
Indiqube Spaces Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | ₹4,685.12 Cr | ₹3,667.91 Cr | ₹2,969.32 Cr |
| Revenue | ₹1,102.93 Cr | ₹867.66 Cr | ₹601.28 Cr |
| Profit After Tax | -₹139.62 Cr | -₹341.51 Cr | -₹198.11 Cr |
| EBITDA | ₹660.19 Cr | ₹263.42 Cr | ₹258.23 Cr |
Tentative IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | July 23, 2025 |
| IPO Closes | July 25, 2025 |
| Allotment Finalization | July 28, 2025 |
| Refund Initiation | July 29, 2025 |
| Shares Credited | July 29, 2025 |
| Listing Date | July 30, 2025 |
FAQs On Indiqube IPO GMP
Q1. What is Indiqube Spaces IPO GMP today?
It is around ₹50 – ₹65, indicating possible listing gains.
Q2. What is the price band of Indiqube Spaces IPO?
₹225 to ₹237 per share.
Q3. What is the lot size for Indiqube Spaces IPO?
63 shares per lot.
Q4. How much should a retail investor invest minimally?
One lot costs around ₹14,931.
Q5. Is GMP a guarantee of profit?
No. GMP is unofficial and can change daily. Always check fundamentals too.
Conclusion
Indiqube Spaces IPO is gaining attention in the grey market due to strong anchor investor support, a clear expansion plan, and a sizeable GMP. Investors should track subscription status, final GMP trends, and listing day market cues.
Stay updated with Ultra for the latest GMP updates, IPO reviews, and smart investment opportunities beyond IPOs too.