CAM advised the lead managers, ICICI Securities Limited and JM Financial Limited, in connection with the IPO of Indiqube Spaces Limited (Formerly known as Indiqube Spaces Private Limited, Innovent Spaces Private Limited). Indiqube is a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience.
The initial public offer of 29,542,340 Equity Shares of face value of ₹1 each for cash at a price of ₹237 each aggregating to ₹7,000.00 million, comprised of a Fresh Issue of 27,432,636 Equity Shares of face value of ₹1 each aggregating to ₹6,500.00 million and an Offer for Sale of 2,109,704 Equity Shares of face value of ₹1 each aggregating to ₹500.00 million by the Promoter Selling Shareholders.
The equity shares were listed on the stock exchanges on July 30, 2025 at an Issue Price of ₹237 and was subscribed 12.41 times in total. The public issue was subscribed 12.90 times in the retail category and 14.35 times in the Qualified Institutional Buyers (QIB) category. The Non-Institutional Investors (NII) segment was subscribed 8.27 times.
The transaction team was led by Reuben Chacko, Partner (Regional Co-Head – Capital Markets – South); and Vartika Jain, Partner; with support from Dhruv Sharma, Associate, Akhil Sreenadhu, Associate, and Zubin Ronnie, Associate.
