Indiqube Spaces lists at discount; market cap hovers at Rs 4,400 Cr

IndiQube Spaces, a flexible workspace provider, made a "muffled debut on the stock exchange, listing at a 9% discount" to its issue price, with its "market cap hovering at ₹4,400 crore." Despite the subdued listing, the IPO was significantly oversubscribed, with strong demand from institutional and retail investors. The company plans to use the proceeds for debt repayment and capital expenditure. The listing performance suggests cautious investor sentiment in the flexible office segment, despite IndiQube's reported revenue growth and reduced losses in the last fiscal year.