About IndiQube
Founded by Rishi Das and Meghna Agarwal, IndiQube is known for offering customized and flexible workspace solutions to startups, SMEs, and large enterprises. The company operates over 8 million square feet across more than 10 cities in India, including Bengaluru, Pune, Hyderabad, and Delhi-NCR. With the rise of hybrid work models and demand for scalable office solutions, IndiQube has positioned itself as a strong player in India’s evolving commercial real estate segment.
IPO Details at a Glance
- IPO Size: ₹700 crore
- ₹650 crore (Fresh Issue)
- ₹50 crore (Offer for Sale)
- Price Band: ₹225 to ₹237 per equity share
- Lot Size: 63 shares per lot
- Minimum Investment (Retail): ₹14,175 – ₹14,931
- Listing on: NSE & BSE
- Tentative Listing Date: July 30, 2025
Grey Market Premium (GMP) Signals Strong Demand
As of July 22, the IPO is commanding a grey market premium (GMP) of ₹31–₹32 per share. This suggests that the stock may list at a premium of around 13% over the upper price band. While GMP is unofficial and speculative, it does reflect underlying demand from early investors
Final Thoughts
IndiQube’s IPO offers an interesting opportunity to participate in India’s evolving office space story. The company’s scalable business model and expanding footprint in Tier 1 and Tier 2 cities make it a compelling pick—especially if you’re looking for exposure in the real estate tech and co-working space.
However, investors should weigh the risks associated with a still-loss-making company. If you’re aiming for listing gains, current GMP trends look promising. For long-term investors, it’s worth keeping an eye on the company’s path to profitability over the next few quarters.
