IndiQube to raise ₹700 cr. via an IPO

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IndiQube Spaces, a Bengaluru-based workplace solutions firm, has fixed a price band of ₹225 to ₹237 per share for its ₹700-crore initial public offering. The company is raising ₹650 crore through the issuance of fresh issue while promoters, Rishi Das and Meghna Agarwal, would offload shares worth ₹50 crore under the offer for sale (OFS).

The offer includes a reservation of Equity Shares of face value of ₹1 each, aggregating up to ₹15 million for subscription by Eligible Employees, according to a company communique. The IPO will open for public subscription on July 23 and conclude on July 25.

Founded in 2015, IndiQube offers flexible workspace solutions for various businesses, including enterprises, startups, and SMEs. 



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