Indiqube Spaces Ltd Company Summary

Indiqube Spaces Ltd Summary

Indiqube Space Limited was incorporated as Innovent Spaces Private Limited, a Private Limited Company on January 14, 2015 by the Registrar of Companies, at Kanpur. Subsequently, the Company name was changed to Indiqube Spaces Private Limited and a fresh Certificate of Incorporation dated November 8, 2024 was issued by the RoC. Pursuant to the conversion of Company into a Public Limited, the name was changed to Indiqube Spaces Limited, on December 17, 2024.Indiqube is a managed workplace company offering comprehensive, sustainable, and technology-driven workplace solutions committed to business transformation. The Company is primarily engaged in the business of leasing of network of shared work spaces of fully or partly equipped premises and other related activities. While backward integration focuses on asset renovation, upgradation and customized build-to-suit models, forward integration enables to provide business-to-business (B2B) and business-to-customer (B2C) VAS to clients and their employees.The supply acquisition strategy prioritizes acquiring full buildings in high-demand micro-markets with robust infrastructure connectivity, low vacancy rates, and strong talent catchments. Through a data-driven selection process, Company evaluate factors such as leasing activity, and infrastructure developments to identify properties with high future potential. The Company expanded the business to Gurugram in 2021, further expanded to Coimbatore, Jaipur and Madurai in 2022; Kochiand Vijayawada in 2023, expanded the operations to Mohali in FY24 and opened a new business center to the eastern region of India to Kolkata in FY25. The Company came up with the Initial Public Offer aggregating an issuance of 29,542,340 equity shares of face value Re 1 each, by raising funds aggregating to Rs 700 Cr, comprising a fresh issue of 27,432,636 equity shares aggregating to Rs 650 Cr and 21,09,704 equity shares aggregating to Rs 50 Crore through offer for sale in July, 2025.