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Bloomberg Quint

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IndiQube Spaces Files For Rs 850-Crore IPO

  • IndiQube Spaces Ltd. has filed preliminary papers with SEBI for an IPO to raise up to Rs 850 crore.
  • The IPO will include an offer for sale of up to Rs 100 crore and a fresh issue worth Rs 750 crore.
  • The company is backed by WestBridge Capital and plans to use the funds for new centers, pre-payment of borrowings, and general corporate purposes.
  • IndiQube Spaces reported a revenue of Rs 867.6 crore in FY2024 and has a portfolio of 103 centers across 13 cities.

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