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

Livemint

Livemint · 1y 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 · 1y 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 · 1y 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 · 1y 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.

Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route

Livemint

Livemint · 6m ago

Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route

CleanMax Enviro Energy Solutions, a renewable energy company backed by Brookfield, is planning to file for a confidential IPO valued at ₹4,000-5,000 crore. The Mumbai-based company aims to submit draft papers to the Securities and Exchange Board of India by the end of August. With Brookfield owning 48% of CleanMax, the move seeks to leverage growing investor interest in India's renewable energy sector.

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.

Zepto May Submit Draft IPO Papers in 7–8 Days

StartupTalky

StartupTalky · 2m ago

Zepto May Submit Draft IPO Papers in 7–8 Days

Quick commerce startup Zepto is expected to file draft IPO papers within the next 7–8 days, potentially making the IPO around $500 million. Zepto plans to use the proceeds mainly to expand its operations amidst growing competition. The company recently changed its status to a public limited company in preparation for the IPO. Collaborating with Axis Bank, Motilal Oswal, and others, Zepto aims to go public next year, involving both new issuances and secondary share sales.

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

Livemint

Livemint · 8m 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.

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

VCCircle

VCCircle · 10m 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.

IndiQube raises over Rs 314 crore from Motilal Oswal, Aditya Birla, other anchor investors

IndianStartupNews

IndianStartupNews · 7m ago

IndiQube raises over Rs 314 crore from Motilal Oswal, Aditya Birla, other anchor investors

IndiQube Spaces Limited, a managed workplace solutions company, has raised over Rs 314 crore from anchor investors like Motilal Oswal and Aditya Birla, at Rs 237 per share. With plans to add 3 million sq. ft. of flexible workspace over the next three years, the IPO opens on July 23, 2025, with a price band of Rs 225-237 per share. Funds will aid in expansion, debt repayment, and general corporate purposes.

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

Economic Times

Economic Times · 2y 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.

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