Ahmedabad: IndiQube Spaces Limited (formerly known as IndiQube Spaces Private Limited and Innovent Spaces Private Limited) proposes to open an initial public offering of its equity shares of face value ₹1 each on Wednesday, July 23, 2025. The Anchor Investor Bidding Date is one working day prior to the Bid/Offer Opening Date, being Tuesday, July 22, 2025. The Bid/Offer Closing Date is Friday, July 25, 2025, the company said today.

As per the release, the price band of the offer has been fixed from ₹225 per equity share of face value ₹1 each to ₹237 per equity share of face value ₹1 each. Bids can be made for a minimum of 63 equity shares and in multiples of 63 equity shares thereafter.

The initial public offering comprises a fresh issue of equity shares aggregating up to ₹6,500 million and an offer for sale of equity shares aggregating up to ₹500 million by the promoter selling shareholders — Rishi Das and Meghna Agarwal.

The offer includes a reservation of equity shares of face value ₹1 each, aggregating up to ₹15 million, for subscription by eligible employees. The offer less the employee reservation portion is hereinafter referred to as the “Net Offer.” A discount of ₹22 per equity share is being offered to eligible employees bidding in the employee reservation portion.

The equity shares of the company are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited. ICICI Securities Limited and JM Financial Limited are the book running lead managers to the offer. DeshGujarat