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15 Days Price Change

Indiqube Spaces IPO

Closing In

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WEBSITE Inc. Year: 2015 Industry: Business Support Listed Page

Profile
Issue Size 406.41 Cr
Profile
Price Range 225  to  237 per share
Profile
Min Investment ₹237
Profile
Lot Size 1
Profile
Face Value ₹1
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience. Led by an experienced management, with entrepreneurial track record since 1999, our diverse solutions range from providing large corporate offices (hubs) to small branch offices (spokes) for enterprises and transforming the workplace experience of their employees by combining interiors, amenities and a host of value-added services (“VAS”). We complement our solutions through backward and forward integration capabilities. While backward integration focuses on asset renovation, upgradation and customized build-to-suit models, forward integration enables us to provide business-to-business (“B2B”) and business-to-customer (“B2C”) VAS to clients and their employees. These, coupled with our core offering of plug and play offices, enable us to serve the workspace value chain comprehensively. We manage a portfolio of 103 centers across 13 cities, covering 7.76 million square feet of area under management (“AUM”) in super built-up area (“SBA”) with a total seating capacity of 172,451 as of June 30, 2024. We have expanded our portfolio by 3.73 million square feet of AUM with the addition of 41 properties and five new cities between March 31, 2022 and June 30, 2024. In Bengaluru, we have a portfolio of 60 centers spanning 5.04 million square feet in AUM as of June 30, 2024. Read More

Basic Info

Face Value 1 per share

Price 225  to  237 per share

P/E (x) -30.8

Sales( Cr.) 1059

PAT( Cr.) -140

EPS -7.7

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Rishi Das Meghna Agarwal Anshuman Das

Pre Issue Share Holding 70.37%

Post Issue Share Holding 60.23%

Listing Details:

Listing Price: 218.7

Listing Gain: -8.37%

Current Price: 159.4

Gain On Issue: 159.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 23, 2025
Closing Date Jul 25, 2025
Allotment Jul 28, 2025
Refund Jul 29, 2025
Delivery of Shares Jul 29, 2025
Listing Date Jul 30, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 63 14,931
Retail (Max) 13 819 194,103
S-HNI (Min) 14 882 209,034
S-HNI (Max) 66 4158 985,446
B-HNI (Min) 67 4221 1,000,377

Objective of the Issue

1. Funding capital expenditure towards establishment of new centers 2. Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 9313334 133668801 14.4x
NII 4656666 38532438 8.3x
Retail 3104444 40040343 12.9x
EMP 73891 504378 6.8x
Total 17148335 212745960 12.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Indiqube Spaces Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 344 580 831 1059
Other Income 11 22 37 44
Total Income 355 601 868 1103
Total Expenditure 215 343 604 443
Operating Profit 141 258 263 660
Interest 143 188 256 330
Depreciation 221 298 392 487
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax -224 -228 -385 -157
Provision for Tax -36 -30 -43 -18
Profit After Tax -188 -198 -342 -140
Adjustments 0 0 0 0
Profit After Adjustments -188 -198 -342 -140
Adjusted Earnings Per Share -16.2 -15.2 -26.3 -10.7

Indiqube Spaces Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -139 -308 131 -3
Minority's Interest 0 0 0 0
Borrowings 329 574 100 222
Other Non-Current Liabilities 1722 2227 2715 3532
Total Current Liabilities 353 428 621 808
Total Liabilities 2265 2921 3567 4559
Fixed Assets 2006 2546 3085 3955
Other Non-Current Assets 195 264 315 394
Total Current Assets 64 110 167 210
Total Assets 2265 2921 3567 4559

Indiqube Spaces Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 -18 -17 -33
Cash Flow from Operating Activities 202 324 542 612
Cash Flow from Investing Activities -47 -174 -193 -259
Cash Flow from Financing Activities -176 -149 -365 -337
Net Cash Inflow / Outflow -21 1 -15 15
Closing Cash & Cash Equivalent -18 -17 -33 -17

Indiqube Spaces Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -16.18 -15.25 -26.28 -10.72
CEPS(Rs) 2.82 7.7 3.9 26.7
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) -20.42 -23.98 8.81 -2.52
Core EBITDA Margin(%) 37.07 40.77 27.24 58.14
EBIT Margin(%) -23.07 -6.88 -15.5 16.32
Pre Tax Margin(%) -64.13 -39.26 -46.31 -14.83
PAT Margin (%) -53.93 -34.12 -41.1 -13.17
Cash Profit Margin (%) 9.39 17.23 6.11 32.77
ROA(%) -8.32 -7.64 -10.53 -3.44
ROE(%) 0 0 0 -342.19
ROCE(%) -35.86 -14.79 -42.26 54.46
Receivable days 26.53 18.42 20.32 23.76
Inventory Days 0 0 0 0
Payable days 801.39 320.42 334.23 346.31
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 1.06 1.06 0.2 0.34
EV/Core EBITDA(x) 2.58 2.37 0.63 0.54
Net Sales Growth(%) 0 68.47 43.27 27.54
EBIT Growth(%) 0 50.45 -222.67 234.33
PAT Growth(%) 0 -5.17 -72.38 59.12
EPS Growth(%) 0 5.75 -72.38 59.2
Debt/Equity(x) -1.53 -2 1.42 -13.42
Current Ratio(x) 0.18 0.26 0.27 0.26
Quick Ratio(x) 0.18 0.26 0.27 0.26
Interest Cover(x) -0.56 -0.21 -0.5 0.52
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 27% 45% 0% 0%
Operating Profit CAGR 151% 67% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average -342% -114% -86% -86%
ROCE Average 54% -1% -10% -10%

Company Contact Information

Indiqube Spaces Ltd.

Pranav AK

91 99000 92210

cs.compliance@indiqube.com

Plot # 53, Careernet Campus Kariyammanna Agrahara Road Devarabisanahalli, Outer Ring Road

IPO Lead Manager(s)

Indiqube Spaces Ltd.

ICICI Securities Ltd

JM Financial Ltd.

Registrar Info

Indiqube Spaces Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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