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![SumitResearch Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::935811748048748544.png) Sumit Mehrotra [@SumitResearch](/creator/twitter/SumitResearch) on x 158.4K followers
Created: 2025-07-23 06:39:10 UTC

Indiqube Space IPO Open Today

Retail Portion is Subscribed 1.40x already within X hours. 

IPO Date: 23-25 July 
Price Band: 225-237/Sh 
Total Issue Size: XXX Cr 
Fresh Issue: XXX Cr 
OFS: XX Cr 

Manage a portfolio of XXX centres across XX cities, consisting of XXX covering XXXX million square feet of area under management (“AUM”) 

Raised XXX Cr from Anchor 

Marquee Names Include

1)  Malabar. 
2) Groww MP
3) Aditya Birla Sun Life MF 
4) Ashoka Whiteoak India Opportunities,
5)  Whiteoak Capital MF
6) Invesco India ELSS Tax Saver Fund
7) Bandhan Large & Mid Cap Fund
8) Motilal Oswal Large Cap Fund 
9) Malabar Fund (Multiple)
10) Axis Max Life Insurance Ltd

Strong Credit Rating of CRISIL A+/Stable 
Fresh Issue of XXX Cr for CAPEX 
Marquee Clients (Myntra, Zerodha, MG, Red Bus, No Broker)
XX% Presence in Tier X Cities 
Presence with Upcoming Sectors (Logistics, Automotie, Engg, Aviation, Ecommerce) 

Losses In Books – Negative PAT due to Ind AS XXX. Increases depreciation and finance cost, not operational weakness 

Betting big on Tier II cities. It’s gone from X to XX centers from 2022 and 2024. Spoke & Hub growth strategy starting with small centers, validating market and scaling into "hub" properties.

Plans to monetize SaaS platform MiQube creating additional asset-light revenue stream.

Here is the Detailed Discussion with Management




XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947909333645393958/c:line.svg)

**Related Topics**
[anchor](/topic/anchor)
[ipo](/topic/ipo)

[Post Link](https://x.com/SumitResearch/status/1947909333645393958)