Indiqube Areas IPO: The IPO of Indiqube Areas, which concluded not too long ago, is ready to debut on the Indian inventory exchanges on Wednesday, July 30. The difficulty acquired a wholesome response from all classes of buyers throughout its bidding interval between July 23 and July 25, leading to an general subscription of 13 occasions.
The difficulty acquired a complete of bids for 21.16 crore as towards the 1.62 crore shares supplied, with QIBs exhibiting sturdy curiosity as their portion booked at 15.12 occasions, adopted by retail buyers, whose portion was subscribed by 13.28 occasions, and the NII portion, which was booked at 8.68 occasions.
Given the wholesome demand, investor focus has now shifted to potential itemizing beneficial properties, usually gauged by the gray market premium (GMP). In line with market sources, the corporate’s shares are commanding a wholesome GMP of ₹06 forward of itemizing.
Primarily based on the corporate’s subject value of ₹237 and the present GMP, the estimated itemizing value of Indiqube Areas stands at ₹243 per share, 2.53% above the problem value. The gray market premium signifies buyers’ willingness to pay a premium over the IPO value.
The mainboard IPO, valued at ₹700 crore, is a mixture of a contemporary subject of two.74 crore shares aggregating to ₹650 crore and a suggestion on the market of 0.21 crore shares aggregating to ₹50 crore.
The corporate shares are scheduled to listing on each NSE and BSE exchanges on Wednesday, and the corporate proposed to make use of the proceeds from the problem in the direction of funding capital expenditure in the direction of the institution of latest facilities, compensation and prepayment, in full or partly, of sure borrowings availed by the corporate, and common company functions.
About Indiqube Areas
The corporate offers managed, sustainable, and tech-driven office options, aiming to remodel the standard workplace expertise for contemporary companies. It provides numerous office options, together with company hubs and department workplaces, enhancing worker expertise with interiors, facilities, and providers.
Indiqube Areas integrates asset renovation, custom-made fashions, and B2B/B2C value-added providers, providing complete workspace options with plug-and-play workplaces for shoppers and staff, and manages a portfolio of 115 facilities throughout 15 cities, consisting of 105 operational facilities and 10 facilities for which the corporate has executed letters of intent, overlaying 8.40 million sq. ft of space below administration in a brilliant built-up space (“SBA”) with a complete seating capability of 186,719 as of March 31, 2025.
Between March 31, 2023, and March 31, 2025, they added 41 properties and expanded to 5 new cities, as per the corporate’s RHP.
Disclaimer: The views and proposals given on this article are these of particular person analysts. These don’t characterize the views of Mint. We advise buyers to verify with licensed consultants earlier than taking any funding selections.
