The window for anchor traders to bid for the shares will open on Tuesday, July 22.
Promoters Rishi Das and Meghna Agarwal will offload shares value Rs 25 crores every, the RHP mentioned.
IndiQube Areas IPO proceeds
The corporate has proposed to utilise the recent difficulty in direction of funding capex in direction of new facilities to Rs 462.6 crores. It should use Rs 93 crores in direction of the compensation of debt whereas the remaining proceeds on common company functions.About IndiQube
IndiQube is a office know-how stack MiQube that gives one-touch entry to quite a lot of companies, together with reserving assembly rooms, ordering meals amongst others and has surpassed 1 million in transaction quantity in FY25.
IndiQube served 769 shoppers as of March 31, 2025 out of which 44% shoppers are International Functionality Facilities. The corporate follows an enterprise-first technique owing to which 63% of its occupied space comes from shoppers who’ve leased 300+ seats. Additional, 44% of its income is generated from multi middle shoppers. Its various shopper combine consists of Enphase, Myntra, Zerodha, NoBroker, upGrad, Siemens, Juspay, Perfios, Moglix, Ninjacart, Narayana Well being and Allegis to call just a few.
As of March 31, 2025, the corporate manages a portfolio of 8.40 million sq. foot throughout 115 properties in 15 cities with a complete seating capability of 186,719, rising from 74 facilities and 4.94 million sq. foot. in March 2023. Its AUM has grown at a CAGR of 30% over the past 2 years. Based on CBRE, Bengaluru is the most important flex market in India. IndiQube, with a portfolio of 65 facilities spanning 5.43 million sq. foot, is amongst the main operators in Bengaluru.
IndiQube financials
The corporate reported a complete earnings of Rs 1,103 crores in fiscal 2025, recording a CAGR of 35% from Fiscal 2023. The corporate’s FY25 EBITDA stood at Rs 660 crores with an RoCE of 34.21%, money EBIT margins of 10.81% with an occupancy price of 86.50% in regular state facilities. The corporate’s income from Worth Added Companies has elevated from Rs 68 crores in fiscal 2023 to Rs 135 crores in fiscal 2025 rising at a CAGR of 40.69%. Practically 13% of its income originated from VAS in FY25.
As per IGAAP accounting requirements, the corporate has been PAT constructive and has paid earnings tax to the tune of Rs 7.7 crores and Rs 8.4 crores in FY24 and FY25 respectively. The corporate has additionally acquired a CRISIL A+/Secure score with constant upgrades over the past 3 cycles.
WestBridge Capital has been a key investor within the agency since 2018. In two funding rounds throughout 2018 & 2022, the corporate has raised a complete fairness of Rs 324 crores led by WestBridge Capital with Rs 190 crores adopted by promoter funding of Rs 131 crores and the remaining from angel investor Ashish Gupta.
Versatile workspaces have gotten an integral a part of the business workplace market. The rise of hybrid work fashions, prudence in using capital, the necessity for flexibility, workspace planning, and a shift in work tradition are amongst the elements fuelling the demand for versatile workspaces.
IndiQube IPO lead managers
The E book Operating Lead Managers to the provide are ICICI Securities Restricted and JM Monetary Restricted
The fairness shares are proposed to be listed on BSE and NSE.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions)
