Indiqube Spaces IPO Allotment Status 2025: How to Check Online

Updated on: Jul 27th, 2025

7 min read

Indiqube Spaces Ltd. IPO gave an opportunity for retail investors to invest in a leading flexible workspace provider in India. Investors are actively participating in this IPO with 15.2x of oversubscription, where the allotment is expected to be finalised on July 28, 2025.

In this article, let's understand how to check Indiqube Spaces IPO allotment status online, listing date, GMP and many more.

What is Indiqube Spaces IPO?

Indiqube Spaces Ltd., founded in 2015, is a Bengaluru-based company offering managed, tech-driven, and sustainable workplace solutions across major Indian cities like Bangalore, Mumbai, Pune, Hyderabad, Delhi-NCR, and Chennai.

The Indiqube Spaces IPO is a book-building issue of ₹700 crore, with a fresh issue of 2.74 crore shares and an offer for sale of 21.09 lakh shares. The funds will be used for debt repayment, establishing new centres, and general corporate purposes.

Why Invest in Indiqube Spaces IPO?

Indiqube Spaces has the following positives to consider for applying.

Strong Financial Growth: Indiqube Spaces' revenue had grown by 27% from ₹867.66 crore in FY24 to ₹1,102.93 crore in FY25, with losses reduced by 59% from ₹341.51 crore to ₹139.62 crore.
High Investor Demand: The IPO was subscribed 13 times overall, with retail at 13.28 times, QIB at 15.12 times and NII at 8.68 times.
Grey Market Premium (GMP): As of today, after the closing of the IPO on the 3rd day, the GMP was ₹32, suggesting a potential listing price of ₹269, a 13.5% premium over the issue price of ₹237.
Sector Potential: In India the flexible workspace market is growing rapidly from the years, driven by demand from enterprises, startups, and SMEs.
Market Positioning: With 103 centres across 13 cities, covering 7.76 million square feet and a 91% occupancy rate, Indiqube is a key player in the industry.

Risks of investing in the Indiqube Spaces IPO

High Oversubscription: A 0x subscription rate may lead to lottery-based allocation for retail investors, reducing allotment chances.
Sector Competition: The Indian flexible workspace industry is highly competitive it faces competition from domestic listed players and international players, which could affect overall company’s profitability.
Financial Losses: Despite revenue growth, the company reported a loss of ₹139.62 crore in FY25, indicating financial risks.

What is an IPO Allotment?

An IPO allotment is the process of distributing shares to investors who applied for an IPO. When a company like Indiqube Spaces goes public, investors apply for shares, and due to oversubscription (13x in this case), a lottery system is often used for retail investors to ensure fair allocation.

When is the Indiqube Spaces IPO Allotment Status Out?

The Indiqube Spaces IPO subscription ended on July 25, 2025, where the allotments are expected to be finalised on July 28, 2025. The registrar, MUFG Intime India Pvt Ltd (Link Intime), manages the overall allotment process. Investors may receive an email or SMS from NSE, BSE, or the registrar once the status is available.

Indiqube Spaces IPO Subscription Status

Entity	Subscription Times
Qualified Institutions	15.12x
Non-Institutional Buyers	8.68x
bNII (bids above ₹10L)	8.35x
sNII (bids below ₹10L)	9.34x
Retail Investors	13.28x
Employees	6.95x
Total	13.00x

How to Check Indiqube Spaces IPO Allotment Status?

You can check the IPO allotment status on three primary platforms: NSE, BSE, or the registrar’s website (Link Intime). You’ll need one of the following:

PAN Number: Your 10-digit Permanent Account Number.
Application Number: The unique number from your IPO application (check your broker’s email/SMS or application form).
Demat Account Number (DP/Client ID): The ID of your Demat account.
If you don’t have these details, contact your broker or bank. Below are the steps for each platform.

Checking Indiqube Spaces IPO Allotment Status on NSE

Visit the NSE Website: Open NSE India.
Navigate to IPO Section: Go to the “Invest” section
- Click on “IPO Allotment Status.”
Select the IPO: Choose “Indiqube Spaces Ltd.” from the dropdown menu.
- If not listed, check again on or after July 28, 2025.
Enter Details: Input your PAN, Application Number, or DP/Client ID, and complete the captcha.
Check Status: Click “Submit.” button in the below. The screen will show the number of shares allotted or indicate “No Shares Allotted” if none were allocated.
Save Result: Take a screenshot or note the details.

Checking Indiqube Spaces IPO Allotment Status on BSE

Visit the BSE Website: Open BSE India.
Navigate to IPO Section: Go to “Investors” and click “Status of Issue Application” or “IPO Allotment Status.”
Select the IPO: Choose “Equity” under “Issue Type” and
- Select “Indiqube Spaces Ltd.” from the dropdown.
Enter Details: Input your Application Number or PAN
- Complete the captcha.
View Status: Click “Search.” The page will display the number of shares allotted or “No Shares Allotted.”
Save Result: Take a screenshot or note the details.

Checking Allotment Status on Bigshare Services Pvt Ltd (Registrar) Website

Visit the Registrar’s Website: Go to Link Intime India. Ensure it’s the official site to avoid scams.
Select the IPO: Choose “Indiqube Spaces Ltd.” from the dropdown.
If the IPO is not listed there, check the status after some time on July 28, 2025.
Enter Details: Input your Application Number, PAN, or Demat ID and complete the captcha.
View Status: Click “Submit.” option then the page will show the number of shares allotted or “No Shares Allotted.”
Save Result: Take a screenshot or note the details.

Alternative Platforms for Checking Allotment Status

Stockbroker: Log into your broker’s platform
- Go to the IPO section
- Select “Indiqube Spaces IPO,” and view your application status.
Bank’s Net Banking: If you used ASBA, log into your bank’s net banking,
- Go to “IPO History,”
- Select “Indiqube Spaces IPO,” and check the status.
Depository Websites (NSDL/CDSL): Log into NSDL or CDSL to check if shares are credited to your Demat account.

Instructions for First-Time Users

Prepare Details: Keep your details like PAN number, IPO Application Number, and Demat / client ID at your fingertips.
Use a Familiar Device: Use a device you’re comfortable with to avoid navigation issues.
Follow Guides: Proceed step-by-step using the instructions above.
Check Timelines: Allotment status is available only after July 28, 2025.
Seek Help: Contact your broker or bank’s customer care if needed.

Troubleshooting Common Issues

Website Not Loading: High traffic may slow down NSE, BSE, or Link Intime websites. Try again after 10-20 minutes, use a different platform, or check during off-peak hours.
IPO Not Listed: Allotment may not be finalised. Wait until the evening of July 28, 2025, or check the IPO prospectus.
Invalid Details: Verify your PAN or Application Number from your broker’s email/SMS or application form.
App Issues: Ensure a stable internet connection, update the app, or use the official website.

Details on Refund Process

Non-Allotted Investors: If you don’t receive shares, funds blocked via ASBA/UPI will be unblocked.
Timeline: Refunds are initiated on July 29, 2025, one day after allotment finalisation.
Process: The registrar (Link Intime) releases funds to your bank account, with an SMS/email notification.
Delay in Refund: If funds aren’t unblocked by July 30, 2025, contact your bank or Link Intime.
Use of Funds: Unblocked funds can be used for other investments or IPOs.
Tip: Check your bank statement to confirm the unblocking.

Information on Share Listing Process

Listing Date: Shares are scheduled to list on BSE and NSE on July 30, 2025, at 10:00 AM IST.
Share Crediting: Allotted shares will be credited to your Demat account by July 29, 2025.
Trading: You can sell shares after trading begins on the listing day. Monitor prices on BSE/NSE apps or websites.
Grey Market Premium: The latest GMP reported around ₹32 suggesting a listing price of ₹269, a 13.5% premium over ₹237.

Note: GMP is unofficial and may change shoundnot take any decision only in GMP consult your financial advisor before taking any investment decision..

Contact Information for Support

Registrar:

Name: MUFG Intime India Pvt Ltd (Link Intime)
Phone: +91-22-4918 6270
Email: indiqubespaces.ipo@linkintime.co.in
Address: C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083, India

Company:

Name: INDIQUBE SPACES LIMITED
Phone: +91 99000 92210
Email: cs.compliance@indiqube.com
Address: Plot # 53, Careernet Campus, Kariyammanna Agrahara Road, Devarabisanahalli, Outer Ring Road, Bengaluru –560 103, Karnataka, India

NSE Investor Services:

Phone: +91-22-2659 8100
Email: ignse@nse.co.in

BSE Investor Services:

Phone: +91-22-2272 1233/34
Email: bsehelp@bseindia.com

Explanation of Oversubscription and Lottery Process

Oversubscription: The IPO was subscribed 0x, which indicates the applications received were more than the required. Hence, a computerised lottery process for allotment will be taken care.
Lottery Process: For retail investors, shares are allocated via a computerised lottery to ensure fairness. With13x subscription, approximately 1 in 13 retail applicants may receive shares, depending on the lottery outcome.

Tax Implications

Capital Gains: Giant from the sale of securities are taxable as per the capital gains tax as mentioned below
- Short-Term Capital Gains (STCG): If shares are sold within 12 months, gains are taxed at 20% (plus surcharge/cess).
- Long-Term Capital Gains (LTCG): If sold after 12 months, gains above ₹1.25 lakh are taxed at 12.5% (plus surcharge/cess).
Losses: Losses can offset other capital gains, per tax rules.
Dividend Income: If Indiqube Spaces declares dividends, they are taxable per your income tax slab. Check the RHP for dividend history.

Post-Allotment Actions for Allotted Investors

Verify Demat Credit: Check your Demat account on July 29, 2025, to confirm share crediting.
Monitor Listing: Track the listing on BSE/NSE on July 30, 2025, at 9:50 AM IST via broker apps or websites.
Decide on Selling: Sell on the listing day for potential gains (GMP suggests ₹269) but pay 20% STCG on profits.
Set Stop-Loss: Set a stop-loss order with your broker to limit losses if the stock price falls.

Conclusion

Indiqube Spaces IPO presented an investment opportunity in a rapidly growing flexible workspace sector, with strong financial growth and high investor demand. However, investors should aware of the associated risks, including oversubscription and market competition, and consult financial advisors before making decisions.

Disclaimer: This article is for educational purposes only and is not to be considered as financial advice. IPO investments carry risks. Read the company’s prospectus carefully and consult any SEBI-registered financial advisor before taking any investment decisions.

About the Author

REPAKA PAVAN ADITYA

Stocks and Mutual Funds Research Analyst

I manifest my zeal in financial quantitative & quantitative research and have been instrumental in creating a robust process for the evaluation and monitoring of mutual funds. I’m responsible for Equity and Mutual Funds Research while creating instrumental mathematical models for portfolio construction after evaluating funds, and I play an integral role in analyzing changes in mutual funds, micro, and macro-economic indicators, and equity market events and trends. My views on asset classes which are integral in creating an investment strategy for any profile. Read more

Browse by topics

Income Tax e-Filing

Income Tax Calculator

Income Tax Slabs FY 2024-25

Old vs New Tax Regime

How To File ITR

New Tax Regime

Which ITR Should I File

Last Date To File ITR For 2024-25

Income Tax Sections & Deductions

Income Tax Refund

Capital Gains Income