Law firms Khaitan, CAM, and Hogan Lovells provide legal services for Indiqube Spaces' ₹700 crore Initial Public Offering (IPO)
Indiqube Spaces Launches Successful IPO, Aims to Transform Office Experience
Indiqube Spaces Limited, a leading managed workplace solutions company based in Bengaluru, has successfully launched its initial public offering (IPO) from July 23 to July 25, 2025. The IPO, with a price band of ₹225 to ₹237 per share and a lot size of 63 shares, was subscribed significantly, with the retail and non-institutional investor (NII) segments subscribing 12.90 times and 8.27 times, respectively.
The total issue size of the IPO amounts to approximately ₹700 crore, comprising a fresh issue of ₹650 crore for business expansion and an Offer for Sale (OFS) of ₹50 crore by promoters Rishi Das, Meghna Agarwal, and Anshuman Das. The IPO was a book-building type, with shares to be listed on the BSE and NSE, tentatively from July 30, 2025.
Cyril Amarchand Mangaldas advised the book running lead managers - ICICI Securities Limited and JM Financial Limited, on this IPO. Hogan Lovells acted as the international legal counsel for the book running lead managers. Meanwhile, Khaitan & Co advised Indiqube Spaces and the Promoter Selling Shareholders on this IPO.
Reuben Chacko, Partner and Regional Co-Head - Capital Markets - South at Khaitan & Co, led the transaction team, which included Vartika Jain (Partner), Biswajit Chatterjee, Varun Jetly, Kaustubh George, Suchisubhra Sarkar, Aditya Rajput, Aditya Dsouza, Sanjana Ravjiani, Komal Israni, Purva Mishra, Dhruv Sharma, Akhil Sreenadhu, and Zubin Ronnie.
Indiqube Spaces, founded in 2015, is a leading managed workspace provider with 115 centers in 15 cities, covering about 8.4 million sq ft. It serves a broad range of clients, from large corporations to emerging startups. The company offers comprehensive, sustainable, and technology-driven workplace solutions, aiming to transform the traditional office experience.
[1] Indiqube Spaces Limited IPO: Dates, Price Band, Lot Size, Issue Size, Listing Date, Promoters, Exchanges, Nature of IPO, Use of Proceeds, Advisory Law Firms
[2] Indiqube Spaces IPO Subscribed 14.35 Times in QIB Category, 8.27 Times in NII Category
[3] Khaitan & Co, Cyril Amarchand Mangaldas, and Hogan Lovells Advise on Indiqube Spaces Limited’s IPO
[4] Indiqube Spaces Limited: A Managed Workplace Solutions Company
- To generate funds for business expansion and offer shares to the public, Indiqube Spaces Limited, a managed workspace solutions company, has initiated an initial public offering (IPO).
- The IPO of Indiqube Spaces Limited, priced between ₹225 to ₹237 per share, received impressive subscriptions from various investor categories, with retail and non-institutional investors showing 12.90 times and 8.27 times subscription respectively.
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