INDIQUBE • ISIN: INE06ST01018
Incorporated in 2015, Indiqube Spaces Limited provides managed, sustainable, and tech-driven workplace solutions, aiming to transform the traditional office experience for modern businesses.
The company offers diverse workplace solutions, including corporate hubs and branch offices, enhancing employee experience with interiors, amenities, and services.
The company integrates asset renovation, customized models, and B2B/B2C value-added services, offering comprehensive workspace solutions with plug-and-play offices for clients and employees.
The company manage a portfolio of 115 centres across 15 cities, consisting of 105 operational centres and 10 centres for which the company have executed letters of intent, covering 8.40 million square feet of area under management (“AUM”) in a super built-up area (“SBA”) with a total seating capacity of 186,719 as of March 31, 2025.
Between March 31, 2023, and March 31, 2025, they added 41 properties and expanded to five new cities.
The company focuses on acquiring full buildings in high-demand areas with strong infrastructure and low vacancy rates. They partner with landlords to lease and transform aging properties into modern, sustainable workspaces.
The company upgrades properties with interiors, amenities, and sustainability. As of March 31, 2025, 25.22%% of their portfolio is renovated. Their "enterprise-first" strategy serves large clients with long-term, scalable workspaces.
As of March 31, 2025, the company operates in 15 Indian cities, including seven Tier I cities (Bengaluru, Pune, Chennai, Mumbai, Noida, Gurugram, Hyderabad) and 11 non-Tier I cities (Coimbatore, Kochi, Madurai, Jaipur, Calicut, Vijayawada).
Offerings:
IndiQube Grow:The company offers customized enterprise workspaces and co-working solutions with shared amenities. They provide meeting rooms, day passes, and virtual office services, with flexible bookings and tailored options for clients through digital channels.
IndiQube Bespoke: IndiQube Bespoke offers fully customizable office designs with standard, premium, and luxury options. The company provides sustainable, eco-friendly solutions, with an in-house team for design, project management, and maintenance, offering flexible financial arrangements.
IndiQube One: The company offers technology-enabled property and facility management services, including maintenance, asset management, employee services, IT solutions, and green initiatives, all aligned with ISO certifications to ensure quality, safety, and sustainability.
MiQube™ Workplace Technology Stack: The company’s technology stack enhances workspace efficiency and engagement. The MiQube™ Community App offers employees easy access to services like booking meeting rooms, transportation, meals, desk reservations, helpdesk requests, and community events.
As of March 31, 2025, the company has a diverse team of 625 permanent employees.
Competitive 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
Focussed on Fostering an Ecosystem of Green Buildings
Funding capital expenditure towards establishment of new centers
Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
General corporate purposes
Price Band
Min Investment
Lot Size
Issue Opens
23 Jul 2025
Issue Closes
25 Jul 2025
Allotment
28 Jul 2025
Listing
30 Jul 2025
Issue Type | BB |
Face Value | ₹1 |
Lead Managers | ICICI Securities Limited Jm Financial Limited |
Min Quantity | 63 |
Max Quantity | 2,109 |
Company Promoters | Rishi Das Meghna Agarwal Anshuman Das |
Website | |
Phone | +91 99000 92210 |
Address | Indiqube Spaces Ltd. |