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Bengaluru-based IndiQube files DRHP with SEBI for Rs 850 crore IPO

  • Bengaluru-based IndiQube has filed a DRHP with SEBI for an IPO valued at Rs 850 crore.
  • The IPO comprises a fresh issue of shares worth Rs 750 crore and an offer for sale of Rs 100 crore by the co-founders.
  • No external shareholders are participating in the offer for sale.
  • IndiQube plans to use the net proceeds for establishing new centers, repayment of borrowings, and general corporate purposes.

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