IndiQube Eyes INR 1,500 Cr IPO Amidst Indian Bourse Boom
- IndiQube is in advanced talks to finalize merchant bankers and aims to file its DRHP within three months. - The startup plans to raise INR 1,000 Cr – INR 1,500 Cr from its IPO, mainly through fresh share issuance. - IndiQube posted a profit of INR 60 Cr in FY24 on an operating revenue of around INR 850 Cr. - Founded in 2015, IndiQube offers managed office spaces and counts WestBridge Capital and Helion Ventures among its backers. - The company competes with Awfis and Smartworks, with the latter also filing its DRHP recently. Source: [Inc42](https://inc42.com/buzz/exclusive-coworking-space-provider-indiqube-in-talks-with-bankers-for-inr-1500-cr-ipo/)
Indiqube gets an A+ CRISIL rating, owing to its flexible workspace. This rating has given the company a boost. The company has generated Rs. 841 crore in the FY24 which is almost 42% growth in Indiqube IPO. The CRISIL rating marked that the company has been growing fast and the employee’s performance has been solid in making this mark. A diversified client base and flexible workspace, all have led to Indiqube’s development.
