IndiQube Spaces ipo date, Share Price Target Tomorrow, 2025, 2026, 2030
IndiQube Spaces provides flexible and modern office spaces for all kinds of businesses, from big companies and global offices. They don’t just rent out office space; they also take care of the design, daily management, and extra services that help businesses run smoothly. The company uses its MiQube app for booking meeting rooms, ordering food, and managing visitors. They also care about the environment, using solar energy, eco-friendly materials, and offering electric vehicle charging. Instead of owning buildings, it rents full buildings and upgrades them into modern, green office spaces.
- 1 What is the IndiQube Spaces Ltd IPO?
- 2 IndiQube Spaces IPO Details
- 3 IndiQube Spaces share price Target Tomorrow
- 4 IndiQube Spaces Price Target 2025
- 5 IndiQube Spaces share price Target 2026
- 6 Share price Target 2027
- 7 Share price Target 2028
- 8 Share price Target 2029
- 9 IndiQube Spaces share price Target 2030
- 10 Share price Target 2040
- 11 Share Price Target 2050
- 12 Should I buy IndiQube Spaces stock?
- 13 IndiQube Spaces earnings results (Financials)
- 14 Is IndiQube Spaces stock good to buy? (bull case & bear case)
- 15 IndiQube Spaces IPO Promoter Holding
- 16 Objects of the Issue (IndiQube Spaces IPO Objectives)
- 17 IndiQube Spaces ipo gmp
- 18 Conclusion
- 19 FAQs
What is the IndiQube Spaces Ltd IPO?
IndiQube Spaces was established in 2015 in Bengaluru by Rishi Das and Meghna Agarwal. It provides fully ready and managed office spaces for startups, growing businesses, global teams, and big companies. It gives flexible workspaces with useful services like interior setup, cleaning, and internet. The company works in many big cities in India and provides a large number of office spaces. Some of its well-known clients include Zerodha, NoBroker, upGrad, Redbus, Siemens, and Narayana Health. The company has grown fast and focuses on giving smart and flexible office services that fit the needs of modern businesses.
IndiQube Spaces IPO Details
IPO Date | July 23, 2025 to July 25, 2025 |
Listing Date | [.] |
Face Value | Shareholding Pre Issue |
Price Band | ₹225 to ₹237 per share |
Minimum Investment | ₹14175 |
Lot Size | 63 Shares |
Issue Type | Bookbuilding IPO |
Listing At | BSE, NSE |
Shareholding Post Issue | 13,01,83,612 shares |
Share Holding Post Issue | 15,76,09,772 shares |
The company is growing well, with more sales and better profits from its main business. It is also earning good cash, which shows that its business is working. The company has borrowed money to help it grow faster, and this is helping it expand and become stronger in the market. If it keeps improving and managing its costs, it could become more financially strong in the future.
Day | Minimum Price (Rs) | Maximum Price (Rs) |
Tomorrow | -11 | +28 |
IndiQube Spaces Price Target 2025
It has a flexible office market and has a strong presence in both large and smaller cities. It has many office centres with lots of seating areas, helping it meet the increasing need for flexible workspaces. The company doesn’t just rent out offices, it also offers services like interior design, managing office buildings, tech support, and helpful extras for employees like food and transport. These added services have helped the company earn more money and grow its business. In 2025, its share price target would be ₹350, as per our analysis.
By our prediction, its share price would be between ₹180 to ₹350 in 2025.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2025 | 180 | 350 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
July | 213 | 263 |
August | 200 | 282 |
September | 180 | 300 |
October | 235 | 310 |
November | 274 | 340 |
December | 290 | 350 |
The company at first do a small investment for renting a small area, if the demand rises, then they increase the area. This approach helps them test new markets with less risk and grow carefully. They start small and invest more once the location proves successful. The company also upgrades old buildings into modern, tech-friendly, and eco-friendly offices. These updates include energy-saving features and smart technology to meet the needs of today’s businesses. By focusing on sustainability and innovation, the company improves the quality of its spaces and uses its properties more efficiently. In 2026, its share price target would be ₹487, as per our prediction.
Its share price would be between ₹310 to ₹487 in 2026, as per our analysis.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2026 | 310 | 487 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
January | 310 | 378 |
February | 321 | 390 |
March | 328 | 400 |
April | 324 | 410 |
May | 335 | 424 |
June | 347 | 441 |
July | 358 | 449 |
August | 374 | 453 |
September | 381 | 457 |
October | 380 | 462 |
November | 384 | 475 |
December | 400 | 487 |
A large number of the company’s offices are located close to metro stations, making it easier for people to access their spaces easily. The company has good occupancy rates, with offices in smaller cities performing better than those in larger cities. They prefer renting out whole buildings instead of just parts of them, and most of their offices are full buildings. They also have lease agreements where both the landlord’s and the client’s terms match, which helps keep things stable and reduces the risk of leases being broken early. In 2027, its share price target would be ₹620, as per our analysis.
By our prediction, its share price would be between ₹460 to ₹620 in 2027.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2027 | 460 | 620 |
The company rents properties instead of owning them, which helps it stay flexible and save money. It spends less to make more profits. It has a wide range of clients and does not depend too much on any one; the company reduces risks and keeps a steady income. It has a good brand value, showing it’s financially stable. Many of its offices have earned green building certifications, and more are on their way to getting certified. The company has also seen consistent growth in its revenue, proving its business strategies are working well. In 2028, its share price target would be ₹758, as per our prediction.
Its share price would be between ₹575 to ₹758 in 2028, as per our analysis.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2028 | 575 | 758 |
The company offers complete office services, including renovating old buildings and creating custom office spaces with extra services for businesses and employees. It manages many office centres across different cities, with more on the way. The company focuses on renting whole buildings in popular areas that have good facilities and low vacancy rates. They work with property owners to upgrade older buildings into modern, eco-friendly offices. A lot of their spaces have been renovated to be more sustainable, with new interiors and features. In 2029, its share price target would be ₹880, as per our analysis.
By our prediction, its share price would be between ₹710 to ₹880 in 2029.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2029 | 710 | 880 |
It builds fully customised offices in standard, premium, and luxury styles. Their team takes care of design, setup, and maintenance. Its team manages office buildings using smart technology, handling tasks like cleaning, repairs, employee support, IT help, and eco-friendly practices, all while following high safety and quality standards. To make things easier for employees, it also has the MiQube Community App, which lets them book meeting rooms and desks, order food, request help, arrange transport, and take part in events all from one app. In 2030, its share price target would be ₹1030, as per our analysis.
By our prediction, its share price would be between ₹851 to ₹1030 in 2030.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2030 | 851 | 1030 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
January | 851 | 920 |
February | 868 | 937 |
March | 860 | 948 |
April | 869 | 955 |
May | 878 | 960 |
June | 889 | 967 |
July | 900 | 975 |
August | 912 | 982 |
September | 932 | 990 |
October | 945 | 997 |
November | 940 | 1011 |
December | 949 | 1030 |
It is one of the top office space providers in Bengaluru, with many centres across the city. Bengaluru is the biggest city in India for flexible and regular office spaces. It chooses to take full buildings in busy areas that have good roads, fewer empty offices, and access to skilled workers. This helps the company grow fast and keep its spaces useful for companies. It also works with building owners to rent new places and fix up old ones. They turn old buildings into modern, eco-friendly offices by improving the design, adding helpful features, using smart technology, and making them more green. In 2040, its share price target would be ₹2214, as per our prediction.
Its share price would be between ₹1826 to ₹2214 in 2040, as per our analysis.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2040 | 1826 | 2214 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
January | 1826 | 1900 |
February | 1838 | 1914 |
March | 1835 | 1932 |
April | 1854 | 1955 |
May | 1850 | 1967 |
June | 1867 | 1980 |
July | 1878 | 2000 |
August | 1890 | 2078 |
September | 1912 | 2097 |
October | 1951 | 2112 |
November | 1980 | 2125 |
December | 2088 | 2214 |
It focuses on providing large, flexible office spaces for big companies that want to stay for a long time. Most of its clients are big businesses with more than 300 seats, and many sign long-term agreements. This brand is strong and trusted, helping the company bring in both Indian and international clients. The company does well financially, with most of its spaces fully used, strong profits, and a high credit rating. In 2050, its share price target would be ₹3475, as per our analysis.
By our prediction, its share price would be between ₹3125 to ₹3475 in 2050.
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2050 | 3125 | 3475 |
Month | Minimum Price (Rs) | Maximum Price (Rs) |
January | 3125 | 3200 |
February | 3142 | 3221 |
March | 3154 | 3257 |
April | 3167 | 3270 |
May | 3185 | 3289 |
June | 3200 | 3314 |
July | 3221 | 3335 |
August | 3242 | 3358 |
September | 3250 | 3374 |
October | 3275 | 3412 |
November | 3290 | 3442 |
December | 3351 | 3475 |
Should I buy IndiQube Spaces stock?
Year | Minimum Price (Rs) | Maximum Price (Rs) |
2025 | 180 | 350 |
2026 | 310 | 487 |
2027 | 460 | 620 |
2028 | 575 | 758 |
2029 | 710 | 880 |
2030 | 851 | 1030 |
2040 | 1826 | 2214 |
2050 | 3125 | 3475 |
It is growing quickly and earning more money, but since it rents out offices, its profits are not very high. The company works with many different kinds of businesses, so it can handle ups and downs in the market and still make steady money. It provides modern and smart office spaces that many companies want. If you want to invest for a long time and want something safer investment, it could be a good option.
IndiQube Spaces earnings results (Financials)
Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
Sales + | 240 | 294 | 580 | 831 | 1,059 |
Expenses + | 216 | 252 | 343 | 604 | 443 |
Operating Profit | 24 | 42 | 237 | 226 | 617 |
OPM % | 10% | 14% | 41% | 27% | 58% |
Other Income + | 0 | 1 | 22 | 37 | 44 |
Interest | 18 | 22 | 188 | 256 | 330 |
Depreciation | 25 | 37 | 298 | 392 | 487 |
Profit before tax | -19 | -16 | -228 | -385 | -157 |
Tax % | -16% | 0% | -13% | -11% | -11% |
Net Profit + | -16 | -16 | -198 | -342 | -140 |
EPS in Rs | |||||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Is IndiQube Spaces stock good to buy? (bull case & bear case)

Bull Case:
- The company’s revenue grew by 49.6% last year, reaching ₹1,103 crore.
- It earns a high profit margin before interest and taxes of 62.3%.
- 85% of its office space is already occupied, showing strong demand.
- It earns a 34.4% return on the money it invests in the business.
- It manages 8.4 million square feet of office space in 15 cities.
- It offers over 186,000 workstations to clients.
Bear Case:
- It has ₹332 crore in debt, which adds pressure to repay loans.
- It struggles to cover interest payments, with an interest coverage ratio below 1.5.
- After paying all expenses, it keeps only 10.8% of cash profits.
IndiQube Spaces IPO Promoter Holding
Rishi Das, Meghna Agarwal and Anshuman Das are the promoters of the company.
Shareholding Post Issue | 70.47% |
Share Holding Post Issue | 60.23% |
Objects of the Issue (IndiQube Spaces IPO Objectives)
- It will use ₹93.04 crores to repay or prepay certain borrowings
- The company will spend ₹462.65 crores for capital expenditure to set up new centres
- It will use an unspecified amount for general corporate purposes
IndiQube Spaces ipo gmp
Date | IPO GMP | Kostak | Subject to |
19 July | ₹- | ₹- | ₹1,900 |
Conclusion
It is a fast-growing company that offers ready-to-use, flexible office spaces with helpful services like interior design, cleaning, internet, and tech support. It works in many big cities and has well-known clients like Zerodha, NoBroker, and Siemens. The company focuses on using eco-friendly materials, solar power, and smart technology to make offices modern and green. Its sales are going up, and the business is growing well.