IPO-bound Indiqube Areas FY25 internet loss at ₹140 cr, income rises 27 computer to ₹1,103 cr

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New Delhi, Jul 20 (PTI) Coworking agency Indiqube Areas Ltd, which can quickly launch an preliminary public providing (IPO), has posted a internet lack of 139.61 crore over the past fiscal on greater bills.

The web lack of Indiqube Areas, which offers managed workplace areas to corporates, stood at 341.50 crore in the course of the 2023-24 fiscal.

Its complete revenue rose to 1,102.93 crore in 2024-25 from 867.66 crore within the previous yr, in response to its purple herring prospectus (RHP) filed with Sebi.

Indiqube Areas stated the corporate has incurred losses over the past three fiscal years.

Indiqube Areas manages a portfolio of 115 centres throughout 15 cities, protecting 8.40 million sq. toes of space below administration with a complete seating capability of 1,86,719 as of March 31, 2025.

Bengaluru-based Indiqube Areas will hit the capital market on July 23 to boost as much as 700 crore by way of its IPO.

The corporate has mounted a value band of 225 to 237 per share for its IPO that closes on July 25.

The corporate is elevating 650 crore by way of the issuance of contemporary difficulty and promoters will offload shares value 50 crore below the supply on the market (OFS).

Out of the overall internet proceeds of the IPO, Indiqube Areas will utilise 462.6 crore in direction of funding capex for establishing new centres, 93 crore for reimbursement and the remainder for basic company functions.

The corporate, which was included in 2015, had raised 324 crore in two funding rounds throughout 2018 and 2022.

Amid the rising demand for versatile workspaces, co-working operators need to broaden their enterprise throughout main cities in India. They lease workplace areas from landlords after which sub-lease the areas to corporates of all sizes.

To assist their enlargement plan, they need to increase funds by way of numerous routes, together with an IPO.

Already, Awfis and Smartworks have listed their firms on inventory exchanges, whereas WeWork India lately acquired Sebi nod to launch its IPO.

Gross leasing of workplace areas throughout India’s high 8 cities is predicted to cross 90 million sq. toes in 2025, beating final yr’s report demand of round 89 million sq. toes, in response to Cushman & Wakefield.

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