IndiQube Spaces gets SEBI approval for ₹850 crore IPO
India’s coworking industry has been growing rapidly in recent years, with many startups and entrepreneurs opting for shared office spaces over traditional office rentals. One of the prominent players in this space is IndiQube Spaces, which has now received the approval of the Securities and Exchange Board of India (SEBI) to raise ₹850 crore through an initial public offering (IPO). This development is significant not only for IndiQube Spaces but also for the Indian startup ecosystem as a whole.
On March 24, SEBI gave its nod to IndiQube Spaces’ IPO plans, which will see the company raise ₹750 crore through a fresh issue of equity shares and ₹100 crore through an offer for sale. The IPO is expected to be a major milestone for the company, which has been growing rapidly in recent years.
So, what does this approval mean for IndiQube Spaces and the Indian startup ecosystem? Let’s dive deeper into the details.
IndiQube Spaces’ IPO Plans
As mentioned earlier, IndiQube Spaces plans to raise ₹850 crore through its IPO. Of this amount, ₹750 crore will be raised through a fresh issue of equity shares, while ₹100 crore will be raised through an offer for sale. The company will use the funds raised from the IPO to fuel its growth plans, including expanding its presence in the Indian market and strengthening its operations.
The offer for sale will see existing shareholders of the company, including its promoter and private equity investors, selling some of their shares to the public. This will help IndiQube Spaces to raise the required funds and also provide an exit for its early investors.
How will IndiQube Spaces use the funds raised?
The company has revealed that it intends to allocate ₹426.6 crore from the net proceeds of the fresh issue for capital expenditure. This includes plans to expand its existing centers, invest in technology and infrastructure, and build new centers across the country.
IndiQube Spaces has a strong presence in the Indian market, with over 20 centers across major cities like Bengaluru, Chennai, Hyderabad, and Pune. The company has been growing rapidly in recent years, with its revenue increasing by over 50% in the last financial year.
The company’s plans to use the funds raised from the IPO to expand its presence and strengthen its operations are likely to be a major boost for its growth prospects. With its strong brand reputation and expanding presence, IndiQube Spaces is well-positioned to take advantage of the growing demand for coworking spaces in India.
Impact on the Indian startup ecosystem
IndiQube Spaces’ IPO plans are likely to have a significant impact on the Indian startup ecosystem. The company’s growth and success will create opportunities for other startups and entrepreneurs in the coworking space, encouraging them to explore similar opportunities.
Moreover, the IPO will provide a platform for IndiQube Spaces’ employees to own a stake in the company, which is likely to boost morale and motivation. This will also provide a liquidity event for early employees, allowing them to cash out some of their shares and reinvest in other startups or entrepreneurial ventures.
The IPO will also create a new benchmark for coworking companies in India, demonstrating the potential for growth and success in this space. This will encourage other players in the industry to explore similar opportunities, driving innovation and growth in the Indian startup ecosystem.
Conclusion
IndiQube Spaces’ SEBI approval for its ₹850 crore IPO is a significant development for the Indian startup ecosystem. The company’s plans to use the funds raised to expand its presence and strengthen its operations will create opportunities for growth and success.
As the Indian startup ecosystem continues to grow and evolve, companies like IndiQube Spaces will play a crucial role in shaping its future. With its strong brand reputation and expanding presence, IndiQube Spaces is well-positioned to take advantage of the growing demand for coworking spaces in India.
We look forward to seeing the company’s progress and the impact its IPO will have on the Indian startup ecosystem.
Source:
https://yourstory.com/2025/04/indiqube-spaces-limited-gets-sebi-nod-for-rs-850-cr-ipo
