Indiqube Spaces Limited provides managed, sustainable, and tech-driven workplace solutions, aiming to transform the traditional office experience for modern businesses.

The company offers diverse workplace solutions, including corporate hubs and branch offices, enhancing employee experience with interiors, amenities, and services. The company integrates asset renovation, customized models, and B2B/B2C value-added services, offering comprehensive workspace solutions with plug-and-play offices for clients and employees. The company manage a portfolio of 115 centres across 15 cities, consisting of 105 operational centres and 10 centres for which the company have executed letters of intent, covering 8.40 million square feet of area under management (“AUM”) in a super built-up area (“SBA”) with a total seating capacity of 186,719 as of March 31, 2025.

Between March 31, 2023, and March 31, 2025, they added 41 properties and expanded to five new cities. The company focuses on acquiring full buildings in high-demand areas with strong infrastructure and low vacancy rates. They partner with landlords to lease and transform aging properties into modern, sustainable workspaces. The company upgrades properties with interiors, amenities, and sustainability. As of March 31, 2025, 25.22%% of their portfolio is renovated. Their “enterprise-first” strategy serves large clients with long-term, scalable workspaces.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• One of the leading players in the Large and Growing Flexible Workspace Market in India.
• Acquisition Strategy with a Focus on Value Creation and Demand-Driven Locations.
• Prudent Business Management Practices with Strong Operational Metrics
• Capital Efficient Model with Resilience and Comprehensive Risk Mitigation
• Experienced Leadership and Prominent Investor Base
• Focussed on Fostering an Ecosystem of Green Buildings

• Funding capital expenditure towards establishment of new centers
• Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company
• General corporate purposes

At the upper band of IPO Rs. 237, the stock is highly valued. Hence, Well-informed investors subscribe for long term.