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Informative

[Update] IndiQube IPO: Issue Subscribed 2.5X On Day 2

Update / Judgement Date

24 Jul 2025

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceInvestment Banking

IndiQube Spaces' IPO has been subscribed 2.68 times by Day 2, with the retail investor segment leading the bidding at 7.32 times. The public issue, which opened on July 23, 2025, and closes on July 25, comprises a fresh issue of ₹650 crore and an offer-for-sale of ₹50 crore, at a price band of ₹225-₹237 per share. Qualified Institutional Buyers (QIBs) subscribed 1.49 times, and Non-Institutional Investors (NIIs) 1.94 times. The strong retail interest indicates confidence in IndiQube's flexible office space business model, aiming to expand its asset base.