🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Workplace solutions firm IndiQube to file draft papers for ₹800 cr IPO next week | Company Business News

Livemint

Livemint · 7m ago

Workplace solutions firm IndiQube to file draft papers for ₹800 cr IPO next week | Company Business News

IndiQube, a workplace solutions company based in Bengaluru, is set to file for an IPO to raise ₹800 crore. The IPO will consist of a fresh issue and an offer for sale by the promoters, with the fresh issue component expected to be around ₹700 crore. The majority of the funds raised will be used for capital expenditure on new centers, while some will go towards debt repayment. IndiQube's portfolio includes 7.7 million sq ft across 14 cities, and its clients range from Indian conglomerates to startups and Fortune 500 companies. Its competitors in the flexible workspace sector include WeWork India, Smartworks, Awfis Space Solutions, and Table Space.

Related News

Managed office space firm IndiQube to file papers for Rs 800-crore IPO in November

Money Control

Money Control · 8m ago

Managed office space firm IndiQube to file papers for Rs 800-crore IPO in November

Bengaluru-based co-working and managed office space operator IndiQube is planning to file draft papers for an IPO in November, aiming for a valuation of $1-1.2 billion. The IPO is expected to raise up to INR 800 crore through a fresh share issue. IndiQube has appointed ICICI Securities and JM Financial as bankers for the IPO. The company has recorded profitability in recent years, with a net profit of INR 20.6 crore in FY23. IndiQube is looking to capitalize on refurbishing older buildings in legacy business districts and offer catering services through a central kitchen.

Exclusive: Coworking Space Provider IndiQube In Talks With Bankers For INR 1,500 Cr IPO

Inc42 · 10m ago

Exclusive: Coworking Space Provider IndiQube In Talks With Bankers For INR 1,500 Cr IPO

IndiQube plans to file its Draft Red Herring Prospectus (DRHP) in the next three months after finalizing merchant bankers. The coworking space provider aims to raise INR 1,000 Cr – INR 1,500 Cr through its initial public offering (IPO). The IPO will primarily consist of a fresh issue of shares. IndiQube reported a profit of approximately INR 60 Cr in FY24, with an operating revenue of around INR 850 Cr.

Workplace solutions provider IndiQube files DRHP, eyes Rs 850 Cr IPO

YourStory

YourStory · 6m ago

Workplace solutions provider IndiQube files DRHP, eyes Rs 850 Cr IPO

IndiQube, a workplace solutions company, has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise funds. The IPO will consist of a fresh issue of equity shares worth up to Rs 750 crore and an offer for sale of equity shares worth up to Rs 100 crore by the promoters. The company plans to use the funds for establishing new centres and repaying borrowings. IndiQube currently manages around 103 centres across 13 cities and has a diverse clientele. The IPO filing comes amid the growing trend of flexible workspaces in the commercial office market.

Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employees

Economic Times

Economic Times · 1y ago

Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employees

Ola Cabs CEO Hemant Bakshi is reportedly leaving the company after just three months. The ride-hailing firm is also planning a restructuring that will result in around 200 job cuts. These developments come as Ola prepares to file draft listing papers in the next three months. Ola Electric has already filed draft papers for an IPO, waiting for regulatory approval. Ola Cabs founder Bhavish Agarwal remains the chairman. In January, Bakshi announced that ANI Technologies, the parent company, had turned profitable with a growth in revenue.

PE-backed IndiQube, Ganesh Consumer’s IPO plans move ahead; EAAA Alts hits a hurdle

VCCircle

VCCircle · 3m ago

PE-backed IndiQube, Ganesh Consumer’s IPO plans move ahead; EAAA Alts hits a hurdle

IndiQube Spaces Ltd and Ganesh Consumer Products Ltd have received regulatory approval for their initial public offerings, while EAAA India Alternatives Ltd faced a setback as their draft papers were returned. IndiQube plans to raise Rs 850 crore, with Rs 750 crore as a fresh issue to fund capital expenditure and repay loans. Ganesh Consumer aims to raise Rs 130 crore, with Motilal Oswal Alternates planning to offload its stake. GSP Crop Science also received the go-ahead for its IPO.

Stent maker SMT set to file papers for ₹2,000-crore IPO

Livemint

Livemint · 28d ago

Stent maker SMT set to file papers for ₹2,000-crore IPO

Sahajanand Medical Technologies (SMT), a leading cardiac stent manufacturer, plans to file draft papers for a ₹1,500-2,000 crore IPO next month. This is SMT's second attempt at public listing, following a previous attempt about four years ago. The IPO will be a pure offer-for-sale with investors like Samara Capital, Kotak, and Morgan Stanley planning to exit. The issue is being managed by Motilal Oswal, Avendus, Nuvama, and HSBC.

SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million

Economic Times

Economic Times · 1y ago

SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million

Omnichannel retailer FirstCry is set to file its draft IPO papers in the coming days, aiming to raise $500-600 million at a valuation of $4-5 billion. The company specializes in selling products for kids and mothers online and offline. Three Indian family investment offices recently invested around Rs 435 crore in FirstCry. SoftBank, the largest investor, is looking to dilute its stake to under 26% to comply with FDI laws. Ola Electric, another SoftBank portfolio company, is also expected to file its IPO papers soon.

IndiQube launches ‘IndiQube Canvas’, an office interiors experience centre

YourStory

YourStory · 9m ago

IndiQube launches ‘IndiQube Canvas’, an office interiors experience centre

IndiQube, a workplace solutions provider, has launched 'IndiQube Canvas' in Bengaluru. Spanning 25,000 sq. ft., the facility offers various office setups and contemporary features for clients to design their ideal workspace. IndiQube aims to provide a fully immersive experience by showcasing a range of office interior solutions, such as furniture styles, partitions, and design elements. Founded in 2015, IndiQube operates 6.5 million sq. ft. of office space across multiple cities and has raised $45 million in funding. 'IndiQube Canvas' aims to cater to India's unique market demand for both modernity and affordability.

SoftBank sells its stake in IPO-bound FirstCry for ₹435 crore

Livemint

Livemint · 1y ago

SoftBank sells its stake in IPO-bound FirstCry for ₹435 crore

Japanese firm SoftBank has reportedly sold a portion of its stake in e-commerce platform FirstCry to three Indian business family groups. This move is in preparation for FirstCry's upcoming public listing, expected next year. SoftBank's stake reduction is about 1.5-2%. FirstCry aims to file its draft papers by the end of 2023 for its IPO. Ranjan Pai of Manipal Group is also considering investments in PharmEasy and Byju's Akash Institute.

Urban Company Slashes IPO Size to ₹528 Cr, Gets Green Light from Board

OutlookIndia

OutlookIndia · 3m ago

Urban Company Slashes IPO Size to ₹528 Cr, Gets Green Light from Board

Urban Company has received board approval to reduce its IPO size to ₹528 crore from an initially planned ₹3,000 crore. The company plans to file draft papers with SEBI soon. This decision comes after entering the quick commerce sector with Insta Maids, a 15-minute booking service for household help. Urban Company has raised $376 million across 12 funding rounds, with a valuation of $2.5 billion. It also launched products like water purifiers and smart locks.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta acquires voice startup Play ...

Zomato CEO Deepinder Goyal buys l ...

Exclusive: Porter turns profitabl ...

Download the medial app to read full posts, comements and news.