{"id":12389,"date":"2025-07-23T17:29:16","date_gmt":"2025-07-23T11:59:16","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=12389"},"modified":"2025-07-23T18:24:04","modified_gmt":"2025-07-23T12:54:04","slug":"indiqube-spaces-ipo-should-you-invest-check-gmp-and-review-by-experts","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/ipo-news\/indiqube-spaces-ipo-should-you-invest-check-gmp-and-review-by-experts\/","title":{"rendered":"Indiqube Spaces IPO: Should you invest? Check GMP and review by experts"},"content":{"rendered":"<p data-start=\"162\" data-end=\"315\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Indiqube Spaces has launched a \u20b9700 crore IPO, comprising a \u20b9650 crore fresh issue and a \u20b950 crore offer-for-sale, with a price band of \u20b9225\u2013237 per share<\/span><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">\u00a0of Day\u202f1, the IPO is ~29% subscribed overall, with retail interest at 1.32\u00d7<\/span>.<\/p>\n<h2 data-start=\"322\" data-end=\"365\">Grey Market Premium Looks Promising<\/h2>\n<p data-start=\"367\" data-end=\"443\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">The <a href=\"https:\/\/www.niftytrader.in\/ipo\/gmp\">Grey Market Premium (GMP)<\/a> is hovering betw,een \u20b923\u201331, signaling an expected 10\u201313% listing gain, estimating a listing price around \u20b9260\u2013268<\/span> .<\/p>\n<h2 data-start=\"450\" data-end=\"484\">Business Model &amp; Expansion<\/h2>\n<p data-start=\"486\" data-end=\"643\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Indiqube offers flexible workspace solutions\u2014co-working, tech services, facility management, and custom bespoke offices\u2014under brands like IndiQube Grow, Bespoke, One, and MiQube. The company manages 115 centres across 15 cities, with over 8.4 million sq ft and ~187,000 seats<\/span> . <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">They plan to allocate fresh capital toward capex, new centres, and debt repayment <\/span>.<\/p>\n<p data-start=\"486\" data-end=\"643\">Also Read: <a href=\"https:\/\/www.niftytrader.in\/content\/mumbai-luxury-real-estate-sales-surge-to-%e2%82%b914750-crore\/\">Mumbai Luxury Real Estate Sales Surge to \u20b914,750 Crore<\/a><\/p>\n<h2 data-start=\"650\" data-end=\"680\">Financials &amp; Valuation<\/h2>\n<p data-start=\"682\" data-end=\"883\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Revenue grew by 27\u201328% in FY25, with EBITDA margins touching 58%, but the company remains loss-making at the net profit level<\/span> \u00a0<span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Post-IPO, it\u2019s valued at ~4.7\u00d7 price-to-sales and 14.6\u00d7 EV\/EBITDA, comparable to peer Awfis<\/span> . <span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Analysts debate the valuation\u2014some see it as fair, others call it fully priced.<\/span><\/p>\n<h3 data-start=\"890\" data-end=\"933\">Expert Opinions: Mixed but Cautious<\/h3>\n<ul data-start=\"935\" data-end=\"1187\">\n<li data-start=\"935\" data-end=\"1019\">\n<p data-start=\"937\" data-end=\"1019\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Anand Rathi recommends \u201cSubscribe\u2013Long Term\u201d citing growth drivers like tech-led services and scalable workspace model<\/span> .<\/p>\n<\/li>\n<li data-start=\"1020\" data-end=\"1104\">\n<p data-start=\"1022\" data-end=\"1104\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Macquarie and ET Intelligence call for caution, flagging net losses, geographic concentration (\u224863% revenue from Bengaluru), and dependence on the evolving commercial real estate cycle <\/span>.<\/p>\n<\/li>\n<li data-start=\"1105\" data-end=\"1187\">\n<p data-start=\"1107\" data-end=\"1187\"><span class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\">Brokers like DR Choksey label valuations \u201cneutral\u201d and flag moderate short-term listing gains <\/span>.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1194\" data-end=\"1218\">\u00a0Should You Invest?<\/h3>\n<ul data-start=\"1220\" data-end=\"1526\">\n<li data-start=\"1220\" data-end=\"1354\">\n<p data-start=\"1222\" data-end=\"1354\">For long-term investors: Attractive if you\u2019re bullish on India\u2019s flexible workspace trend and can withstand initial losses.<\/p>\n<\/li>\n<li data-start=\"1355\" data-end=\"1526\">\n<p data-start=\"1357\" data-end=\"1526\">For short-term or risk-averse investors: Consider waiting for profit visibility or sharper subscription metrics, due to loss-making status and valuation concerns.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1357\" data-end=\"1526\"><i><strong>Click here to explore :<\/strong>\u00a0<a href=\"https:\/\/www.niftytrader.in\/ipo\/indiqube-spaces-ipo\">Indiqube Spaces IPO<\/a><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indiqube Spaces has launched a \u20b9700 crore IPO, comprising a \u20b9650 crore fresh issue and a \u20b950 crore offer-for-sale, with a price band of \u20b9225\u2013237 per share\u00a0of Day\u202f1, the IPO is ~29% subscribed overall, with retail interest at 1.32\u00d7. Grey Market Premium Looks Promising The Grey Market Premium (GMP) is hovering betw,een \u20b923\u201331, signaling an [&hellip;]<\/p>\n","protected":false},"author":10,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1386],"class_list":{"0":"post-12389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipo-news"}," _eael_post_view_count":0,"authors":[{"term_id":1386,"user_id":10,"is_guest":0,"slug":"ruchikadave","display_name":"Ruchika Dave","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/07\/Ruchika-Dave.jpg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/07\/Ruchika-Dave.jpg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/12389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=12389"}],"version-history":[{"count":6,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/12389\/revisions"}],"predecessor-version":[{"id":12413,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/12389\/revisions\/12413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/12390"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=12389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=12389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=12389"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=12389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}