Indiqube Spaces

** Shares of Indian managed workspace solutions company Indiqube Spaces IDIQ.NS rise as much as 3.1% to 198.2 rupees, highest level since January 22

** Last up 0.7%

** Co on Wednesday received workspace expansion deal worth 680 mln rupees with global audio series platform for 1300 seats

** Stock on avg rated "buy" by 6 analysts; median PT is 271.50 rupees - LSEG-compiled data

** Stock down 7.8% YTD

(Reporting by Abhirami G in Bengaluru)

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IndiQube secured a workspace deal worth approximately ₹68 crore with a leading global audio-series platform for nearly 1,300 seats at its Outer Ring Road facility in Bengaluru. The client had previously scaled its operations from IndiQube’s Koramangala facility before moving to the new technology-park site. IndiQube reported FY26 revenue from operations of ₹1,451 crore and had 1.6 million square feet of rent-paying area across 130 properties in 17 cities. Its overall occupancy was 86% in Q1 FY27, with mature centres at 90%. Startups and unicorns accounted for nearly a quarter of occupancy, while more than 50 unicorns had chosen IndiQube as a workspace partner.

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CRISIL Ratings submitted a monitoring agency report on Indiqube Spaces’ IPO proceeds for the quarter ended June 30, 2026. The report showed that ₹309.41 crore of the ₹650 crore issue proceeds had been utilised, leaving ₹340.59 crore unutilised. Shareholders had approved reallocating ₹187 crore originally earmarked for new centres to security deposits, fit-outs in non-Indiqube properties, renewable power infrastructure and strategic commercial real-estate opportunities. The report said planned FY26 utilisation was delayed because of lower operational requirements; Indiqube had reported FY26 revenue of ₹1,469 crore and IGAAAP profit after tax of ₹125 crore.

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Aug 12 (Reuters) - Indiqube Spaces Ltd IDIQ.NS:

• INDIQUBE SPACES JUNE-QUARTER LOSS AFTER TAX 238.8 MILLION RUPEES

• INDIQUBE SPACES JUNE-QUARTER REVENUE FROM OPERATIONS 4.23 BILLION RUPEES

Source text: [ID:]

Further company coverage: IDIQ.NS

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** Shares of India's Indiqube Spaces IDIQ.NS rise 2.31% to 160.05 rupees

** Real estate operating co signs 520 million-rupee ($5.47 million) workspace deal with a consulting and management services company in Bengaluru city

** Five-year contract covers capacity of over 700 seats and expands company's presence in North Bengaluru

** IDIQ rated "buy" on average by five analysts, median PT at 280 rupees - data compiled by LSEG

** YTD, stock down about 24%

($1 = 95.1450 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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June 1 (Reuters) - Indiqube Spaces Ltd IDIQ.NS:

• INDIQUBE SPACES - SIGNS 520 MILLION RUPEES FIVE-YEAR WORKSPACE DEAL IN NORTH BENGALURU

Source text: ID:nNSE1QgXGC

Further company coverage: IDIQ.NS

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May 20 (Reuters) - Indiqube Spaces Ltd IDIQ.NS:

• INDIQUBE SPACES MARCH-QUARTER LOSS AFTER TAX 226.5 MILLION RUPEES

• INDIQUBE SPACES MARCH-QUARTER REVENUE FROM OPERATIONS 4.01 BILLION RUPEES

Source text: [ID:]

Further company coverage: IDIQ.NS

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** Shares of Indian co-working and workspace solutions firm Indiqube Spaces IDIQ.NS jump 20% to 185 rupees

** IDIQ set for best day on record

** Co signs 520 million rupees ($5.58 million) deal with Japanese e-commerce giant

** Deal for approximately 35,000 sq. ft. workspace in Bengaluru over a five-year period

** More than 102,996 shares change hands by 9:33 am IST vs 30-day avg of 59,327 shares

** Despite the gains, IDIQ down 19% YTD

($1 = 93.2363 Indian rupees)

(Reporting by Komal Salecha in Bengaluru)

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March 30 (Reuters) - Indiqube Spaces Ltd IDIQ.NS:

• SIGNS 750 MILLION RUPEES WORKSPACE DEAL WITH HEALTHCARE TECH GCC IN BANGALORE

Source text: ID:nNSE46yKW6

Further company coverage: IDIQ.NS

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** Co-working and workspace solutions firm Indiqube Spaces' IDIQ.NS shares rise about 4% after a 17% surge to 172 rupees

** Co says it signed a workspace leasing agreement with a global capability centre client in Pune; does not name client

** Client has taken up 1,140 seats at IndiQube Orchid for 540 million rupees over a five-year tenure - IDIQ

** More than 110,000 shares traded so far, 2x their 30-day avg

** YTD, IDIQ down about 27%

(Reporting by Urvi Dugar in Bengaluru)

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March 19 (Reuters) - Indiqube Spaces Ltd IDIQ.NS:

• SIGNS 1,140 SEATS WORKSPACE LEASING DEAL WITH MAJOR GCC CLIENT IN PUNE

• DEAL VALUED AT 540 MILLION RUPEES OVER 5 YEARS

Source text: ID:nNSE82Rq3p

Further company coverage: IDIQ.NS

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Feb 16 (Reuters) - Indiqube Spaces Ltd IDIQ.NS:

• INDIQUBE SPACES LTD - PROMOTER GROUP MAY PURCHASE EQUITY SHARES FROM OPEN MARKET

Source text: ID:nNSEYjBFX

Further company coverage: IDIQ.NS

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Feb 10 (Reuters) - Indiqube Spaces Ltd IDIQ.NS:

• INDIQUBE SPACES LTD - DEC-QUARTER LOSS AFTER TAX 170.67 MILLION RUPEES

• INDIQUBE SPACES LTD DEC-QUARTER REVENUE FROM OPERATIONS 3.9 BILLION RUPEES

Source text: [ID:]

Further company coverage: IDIQ.NS

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** Co-working and workspace solutions firm Indiqube Spaces' IDIQ.NS stock rises nearly 5% to 204.05 rupees

** Co expands footprint into Odisha capital Bhubaneswar, its 17th city of operations across India

** All four analysts covering IDIQ rate it "buy"; median PT at 310 rupees - data compiled by LSEG

** Stock down 5.5% since debut in July, 2025

(Reporting by Brijesh Patel in Bengaluru)

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Oct 10 (Reuters) - Shares of WeWork India WEWO.NS were largely flat in pre-open trading on Friday after a muted response to its initial public offering, as investor caution carried into debut day amid concerns over its steep valuation and governance issues.

The stock listed at 650 rupees on the National Stock Exchange, marginally up from its offer price of 648 rupees.

($1 = 88.7770 Indian rupees)

(Reporting by Meenakshi Maidas and Yagnoseni Das in Bengaluru; Editing by Sonia Cheema)

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Aug 12 (Reuters) - Indiqube Spaces Ltd IDIQ.NS:

• JUNE QUARTER STANDALONE LOSS AFTER TAX 367.6 MILLION RUPEES

• JUNE QUARTER STANDALONE REVENUE FROM OPERATIONS 3.09 BILLION RUPEES

Source text: [ID:]

Further company coverage: IDIQ.NS

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July 30 (Reuters) - Shares of IndiQube Spaces IDIQ.NS fell nearly 15% in their trading debut on Wednesday, as broader markets were muted ahead of a looming U.S. tariff deadline, valuing the Indian workspace solutions provider at 44.13 billion rupees ($506 million).

IndiQube's debut is among a dozen Indian IPOs this month, but only the second to list at a discount.

The firm's $80.3 million IPO was subscribed 12.4 times last week, drawing strong demand from both retail and institutional investors.

Its shares opened at a 9% discount to the IPO price of 237 rupees in Mumbai. They were down 11.3% at 210.15 rupees at 11:30 a.m. IST.

India's equity benchmarks were flat on caution ahead of the U.S. Federal Reserve's policy decision and a key tariff deadline later this week. .BO

IndiQube is well-placed to ride India's growing demand for office space, but its dependence on the cities of Bengaluru, Pune, and Chennai - which generate 89% of its revenue - heightens its vulnerability to regional slowdowns, analysts at Deven Choksey Research said.

Rising competition from listed peers like Awfis AWFI.NS, Smartworks SMAW.NS, and the IPO-bound WeWork India WEWO.NS could also weigh on pricing power, they said.

Smartworks SMAW.NS listed at a 14% premium on July 17, as investors bet on surging demand for integrated office solutions in India. Its shares have fallen about 6% since then.

($1 = 87.21 Indian rupees)

(Reporting by Manvi Pant; Editing by Mrigank Dhaniwala)

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