Indiqube Spaces Ltd IPO
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Indiqube Spaces Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 295.36 L | ₹ 21.1 L | ₹ 29.47 L | ₹ 1,293.77 L | BSE | ₹ 700 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Jul, 25 | 25 Jul, 25 | 63 | ₹ 14,175 | Book Building | 30 Jul, 25 |
Indiqube Spaces Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 22104431 | 0 |
| NII | 0x | 4420886 | 0 |
| Retail | 0x | 2947257 | 0 |
| Employee | 0x | 63291 | 0 |
| Total | 0x | 29535865 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Indiqube Spaces Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 7.42 | 70.22 | 19.92 |
| EBITDA | 399.66 | 368.37 | 58.66 |
| PAT | -341.51 | -198.11 | -18.82 |
| Total Assets | 1,058.87 | 747.04 | 66.89 |
| Share Capital | 1.19 | 500.01 | 1.02 |
| Total Borrowings | 1,144.73 | 810.79 | 80.48 |
| Operating Activities (Net Cash) | 50.73 | 100.04 | 19.92 |
| Investing Activities (Net Cash) | -78.35 | -23.01 | 2.10 |
| Financing Activities (Net Cash) | 1,144.73 | 810.79 | 80.48 |
| Net Cashflow | 0.45 | 10.46 | 0.34 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Indiqube Spaces Ltd
Our Company was incorporated as Innovent Spaces Private Limited, a private limited company under the Companies Act, 2013 on January 14, 2015, and was granted the certificate of incorporation by the Registrar of Companies, Kanpur. The registered office of our Company was shifted from the state of Uttar Pradesh to the state of Karnataka pursuant to a special resolution passed by our Shareholders on October 16, 2018. The alteration with respect to the place of the registered office was confirmed by the order of the Regional Director, Bengaluru on November 21, 2019 and a fresh certificate of incorporation was issued by the the Registrar of Companies, Karnataka at Bengaluru (RoC) on March 19, 2020. Subsequently, the name of our Company was changed to Indiqube Spaces Private Limited and a fresh certificate of incorporation dated November 8, 2024 was issued by the RoC. Pursuant to the conversion of our Company into a public limited company and a special resolution passed by our Shareholders at the EGM on November 16, 2024, the name of our Company was changed to Indiqube Spaces Limited, and the RoC issued a fresh certificate of incorporation on December 17, 2024.
Flexible workspace solutions primarily refer to fully furnished and serviced real estate offerings provided by flexible workspace operators to end users with potential flexibilities built-in around aspects including but not limited to space design, tenure, area, location and product. Multiple leading operators have also now developed the capability to offer multiple value-added and ancillary products and services.
We are a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience. Our diverse solutions range from providing large corporate offices (hubs) to small branch offices (spokes) for enterprises and transforming the workplace experience of their employees by combining interiors, amenities and a host of value-added services.
Peer Comparison:
- Indiqube Space Ltd
- Awfis Space Solutions Limited
Indiqube Spaces Ltd IPO Key Points
Strengths
- One of the Leading Players in the Large and Growing Flexible Workspace Market in India.
- Acquisition Strategy with a Focus on Value Creation and Demand-Driven Locations.
- Prudent Business Management Practices with Strong Operational Metrics.
- Capital Efficient Model with Resilience and Comprehensive Risk Mitigation.
- Experienced Leadership and Prominent Investor Base.
Risk
- For Fiscals 2025, 2024 and 2023, 88.84%, 91.82% and 93.18% of our revenue from operations, respectively, was derived from our centers in Bengaluru, Pune and Chennai collectively. Any adverse developments affecting our centers in these locations, could have an adverse effect on our business, results of operations and financial condition.
- Our business is sensitive to real estate market fluctuations and we have witnessed a decline in our occupancy rate from 83.68% as of March 31, 2023 to 80.21% as of March 31, 2024; changes in commercial property prices can significantly impact our leasing costs, which may adversely affect our profitability.
- We have experienced losses in the last three Fiscals and we may continue to incur losses in the future which could have an adverse effect on our business, results of operations and cash flows.
Strategy
- Expand Area Under Management by Balancing Market Presence and Micro Market Penetration.
- Enhance Average Revenue Per Square Feet Through an Integrated Workspace Solutions Ecosystem.
- Become a Preferred Workspace Outsourcing Solutions Partner for Enterprises.
- One of the Leading Players in the Large and Growing Flexible Workspace Market in India.
- Acquisition Strategy with a Focus on Value Creation and Demand-Driven Locations.
- Prudent Business Management Practices with Strong Operational Metrics.
- Capital Efficient Model with Resilience and Comprehensive Risk Mitigation.
- Experienced Leadership and Prominent Investor Base.
How To Apply for Indiqube Spaces Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
