IndiQube, a Bengaluru-based workspace solutions company, secured SEBI approval for its ₹850 crore IPO.
What they do: IndiQube offers managed office spaces to startups, SMEs, and large companies, handling everything from interiors to facilities. Think WeWork meets local scale.
The entire ₹850 crore will be raised through a fresh issue.
Why it matters: with post-COVID demand for hybrid and flexible workspaces on the rise, the company is betting big on scaling fast across new cities.
By the numbers: FY24 revenue jumped 43% YoY to ₹830 crore, but losses widened 72% to ₹341 crore as the company doubled down on growth.
