Flexible workspaces provider IndiQube Spaces files for ₹850 crore IPO
Hindustan TimesWorkplace solutions company IndiQube Spaces Ltd is filing for a ₹850 crore initial public offering. Flexible workspaces provider IndiQube Spaces has filed for a ₹ 850 crore IPO According to the draft red herring prospectus filed on Tuesday, December 24, 2024, this would comprise a fresh issue of equity shares worth ₹750 crore and an Offer for Sale of equity shares adding up to ₹100 crore by the promoters Rishi Das and Meghna Agarwal. It has a portfolio of 103 centres across 13 cities, covering 7.76 million square feet of area under management in a super built-up area with a total seating capacity of 172,451 as of June 30, 2024, along with a series of global capability centres and Indian enterprises as part of its clientele, according to a report by news agency PTI. In Tier 1 Indian cities, flexible workspaces are estimated to grow to approximately 124 million square feet by the end of the calendar year 2027, from the current 9 million square feet, according to the report which cited a CBRE report.
History of this topic
IndiQube Spaces files draft papers with Sebi for ₹850 crore IPO
The Hindu
Upcoming IPO: WestBridge Capital-backed IndiQube Spaces files DRHP with SEBI to raise ₹850 crore via IPO
Live Mint
Incuspaze to invest ₹100 crore to add 2 million square feet by 2025-end
Hindustan Times
Flexible space provider Incuspaze leases 5.8 lakh square feet space in Gurugram
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Awfis Space Solutions files IPO papers with Sebi
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Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
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