IndiQube's IPO Falls Flat: A Rollercoaster Debut on Stock Market

IndiQube Spaces Ltd, a workplace solutions company, debuted on the stock market with an 8% discount from its issue price. The company's initial public offer, which was subscribed 12.33 times, aimed to raise funds for expansion and other corporate purposes. The stock closed below the issue price across exchanges.

Devdiscourse News Desk | New Delhi | Updated: 30-07-2025 18:37 IST | Created: 30-07-2025 18:37 IST

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IndiQube Spaces Ltd, a prominent workplace solutions company, witnessed a less-than-stellar debut on the stock market, closing with an 8% discount to its issue price of Rs 237.

On the Bombay Stock Exchange, IndiQube's stock opened at Rs 218.70, which marks a decline of 7.72% from its initial offering price. During intra-day trade, the stock dipped considerably by 14.95% to Rs 201.55, finally closing at Rs 217.90.

The Rs 700-crore IPO of the Bengaluru-based company had seen significant investor interest, being subscribed 12.33 times. IndiQube intends to allocate Rs 462.6 crore for new centers and Rs 93 crore for debt repayment from the funds raised.

(With inputs from agencies.)