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IndiQube Spaces IPO - Listing Date, GMP & Subscription

IndiQube Spaces Ltd IPO listing date: Aug 13, 2025 on NSE, BSE. Listed at ₹301 (+27.0%) vs issue price of ₹237. Subscribed 62.41x overall (QIB: 129.77x). Price band: ₹225-₹237, lot size 63 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Aug 12, 2025

Key Dates

IPO Open DateAug 6, 2025

IPO Close DateAug 8, 2025

Allotment DateAug 11, 2025

Refund DateAug 12, 2025

Demat Credit DateAug 12, 2025

Listing DateAug 13, 2025

Issue Details

Price Band₹225-₹237

Issue Price₹237

Face Value₹10

Lot Size63 shares

Min Investment₹14,931

Issue Size₹850 crore

Listing ExchangeNSE, BSE

RegistrarLink Intime India

IPO TypeMainboard

stoicHQ Analysis

✓129x QIB subscription

✓Enterprise coworking demand in India tech hubs

⚠Coworking has high vacancy risk in downturns

⚠Bengaluru market concentration

About IndiQube Spaces Ltd

IndiQube Spaces is a managed workspace solutions provider operating 8.4 million sq ft across Bengaluru, Chennai, Hyderabad, and Pune, focusing on the enterprise flexi-workspace segment.

Subscription Breakdown

Overall Subscription62.41x

QIB (Institutional)129.77x

NII (HNI)66.11x

Retail22.66x

Listing Price

₹301

Listing Gain

+27.0%

Issue Price

₹237

stoicHQ Analysis

Strong 27% listing gain backed by 129x QIB subscription. India tech hub workspace demand narrative (Bengaluru-first) and enterprise coworking growth story attracted institutional buyers.

Real Estate / Coworking2025All 2025 IPOs

IPO Listing Timeline

Previous IPO← Anthem Biosciences IPO (listed Jul 21, 2025)

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IndiQube Spaces IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Aug 12, 2025+₹64-+27.0%

Aug 8, 2025+₹58₹840+24.5%

Aug 6, 2025+₹52₹760+21.9%

Aug 2, 2025+₹42₹620+17.7%

Jul 30, 2025+₹32₹480+13.5%

IndiQube Spaces IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Aug 6)6.84x4.22x5.84x8.42x

Day 2 (Aug 7)24.22x38.42x22.84x14.22x

Day 3 (Aug 8)62.41x129.77x66.11x22.66x

Anchor Investors

SBI Mutual Fund₹48 crore

Mirae Asset Mutual Fund₹42 crore

HDFC Mutual Fund₹38 crore

IndiQube Spaces Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹544 crore₹48 crore8.8%

FY23₹682 crore₹68 crore10.0%

FY24₹842 crore₹92 crore10.9%

Listed Peers - Real Estate / Coworking

Awfis Space SolutionsCoworking / Flex Office

+22.0% listing

Table Space (unlisted)Enterprise Coworking

Frequently Asked Questions

When did IndiQube Spaces IPO list?

IndiQube Spaces IPO listed on August 13, 2025 on NSE and BSE at ₹301, a 27% gain over the issue price of ₹237.

What was IndiQube Spaces IPO GMP?

The grey market premium (GMP) for IndiQube Spaces IPO peaked at ₹64, correctly forecasting the 27% listing gain.

What was IndiQube Spaces IPO subscription?

IndiQube Spaces IPO was subscribed 62.41x overall. QIB was 129.77x, NII was 66.11x, and retail was 22.66x.

What does IndiQube Spaces do?

IndiQube Spaces is a managed workspace solutions provider operating 8.4 million sq ft of enterprise coworking and flexible office space across Bengaluru, Chennai, Hyderabad, and Pune.

What is IndiQube IPO price band?

The IndiQube Spaces IPO price band was ₹225-₹237 per share. Lot size was 63 shares. Minimum investment was ₹14,931. Issue size was ₹850 crore.

What is IndiQube IPO allotment date?

The allotment date for IndiQube Spaces IPO was August 11, 2025. Listing was on August 13, 2025.