Managed workplace solutions company, IndiQube, has received SEBI's approval for its Rs 850 crore IPO.
The IPO will consist of a Fresh Issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of equity shares worth up to Rs 100 crore.
IndiQube plans to use the proceeds for capital expenditure, repayment of borrowings, and general corporate purposes.
The company manages a portfolio of 103 centres across 13 cities, with a total capacity of 172,451 seats and a diverse clientele including Myntra, upGrad, Zerodha, and Siemens.