Indiqube Spaces IPO Launch: ₹700 Crore Public Offer Opens July 23 – Check Price Band, GMP, and Allotment Details
IPO News Update: The mainboard IPO market is heating up again with another major entrant—Indiqube Spaces. The company has officially announced its IPO price band and key details ahead of its launch. The total size of the Indiqube Spaces IPO stands at ₹700 crore.
Fresh Issue and Offer for Sale Details
Out of the total ₹700 crore, the company will raise ₹650 crore through a fresh issue of equity shares. In addition, an Offer for Sale (OFS) of 21 lakh shares will be issued by existing shareholders.
Indiqube Spaces IPO Dates & Price Band
The IPO is scheduled to open for anchor investors on July 22, while retail and other categories of investors can bid from July 23 to July 25.
- Price Band: ₹225 to ₹237 per share
- Lot Size: 63 shares per lot
- Minimum Investment: ₹14,175 (based on the upper price band)
- Employee Discount: ₹22 per share
Grey Market Premium (GMP) Today
As per reports from InvestorsGain, the Indiqube Spaces IPO is witnessing strong demand in the grey market, currently trading at a premium of ₹40. This indicates healthy investor interest and potential upside on listing day.
IPO Allotment Structure
The company has clearly defined its quota allocations as per SEBI guidelines:
| Investor Category | Reservation Percentage |
|---|---|
| Qualified Institutional Buyers (QIBs) | 75% |
| Non-Institutional Investors (NIIs) | 15% |
| Retail Individual Investors (RIIs) | 10% |
| Employees (Special Quota) | 63,291 shares reserved |
Listing and Book Running Lead Manager
- Book Running Lead Manager (BRLM): ICICI Securities Limited
- Proposed Listing Exchanges: BSE and NSE
- IPO Type: Mainboard IPO
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Important Note: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a registered financial advisor before making any investment decisions.