{"id":355243,"date":"2025-08-01T11:30:30","date_gmt":"2025-08-01T06:00:30","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=355243"},"modified":"2025-08-01T12:10:06","modified_gmt":"2025-08-01T06:40:06","slug":"cam-advises-icici-jm-financial-indiqube-ipo","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/01\/cam-advises-icici-jm-financial-indiqube-ipo\/","title":{"rendered":"CAM advises ICICI Securities and JM Financial on Indiqube Spaces IPO"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">CAM advised the lead managers, ICICI Securities Limited and JM Financial Limited, in connection with the IPO of Indiqube Spaces Limited <span style=\"font-style: italic;\">(Formerly known as Indiqube Spaces Private Limited, Innovent Spaces Private Limited).<\/span> Indiqube is a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience.<\/p>\n<p style=\"margin-bottom: 3%;\">The initial public offer of 29,542,340 Equity Shares of face value of \u20b91 each for cash at a price of \u20b9237 each aggregating to \u20b97,000.00 million, comprised of a Fresh Issue of 27,432,636 Equity Shares of face value of \u20b91 each aggregating to \u20b96,500.00 million and an Offer for Sale of 2,109,704 Equity Shares of face value of \u20b91 each aggregating to \u20b9500.00 million by the Promoter Selling Shareholders.<\/p>\n<p style=\"margin-bottom: 3%;\">The equity shares were listed on the stock exchanges on July 30, 2025 at an Issue Price of \u20b9237 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.<\/p>\n<p style=\"margin-bottom: 3%;\">The transaction team was led by<span style=\"font-weight: bold;\"> Reuben Chacko<\/span>,<span style=\"font-style: italic;\"> Partner (Regional Co-Head &#8211; Capital Markets &#8211; South<\/span>); and<span style=\"font-weight: bold;\"> Vartika Jain<\/span>, <span style=\"font-style: italic;\">Partner;<\/span> with support from<span style=\"font-weight: bold;\"> Dhruv Sharma<\/span>,<span style=\"font-style: italic;\"> Associate, <\/span><span style=\"font-weight: bold;\">Akhil Sreenadhu<\/span>, <span style=\"font-style: italic;\">Associate, <\/span>and<span style=\"font-weight: bold;\"> Zubin Ronnie<\/span>, <span style=\"font-style: italic;\">Associate.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">CAM advised the lead managers, ICICI Securities Limited and JM Financial Limited, in connection with the IPO of Indiqube Spaces Limited.<\/p>\n","protected":false},"author":67011,"featured_media":355253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[68835,40943,74146,86417,86418,68920],"class_list":["post-355243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-cam","tag-capital-markets","tag-icici-securities","tag-indiqube-ipo","tag-jm-financial","tag-lead-managers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CAM Advises ICICI Securities and JM Financial on Indiqube Spaces IPO | SCC Times<\/title>\n<meta name=\"description\" content=\"CAM acted as legal advisor to ICICI Securities and JM Financial in connection with the IPO of Indiqube 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