Indiqube Spaces IPO GMP History
Indiqube Spaces IPO has been listed on July 30, 2025 at a listing price of ₹216, against the issue price of ₹237 — a loss of ₹21 (-8.86%). The GMP peaked at ₹35 on 18 July 2025 and reached a low of ₹1 on 29 July 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Indiqube Spaces IPO raised ₹700 Cr. through its IPO at a price band of ₹225 to ₹237 per share, with a lot size of 63 shares. The IPO was open for subscription from 23 Jul 2025 to 25 Jul 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 1:05 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 29 Jul 2025 | ₹ 1 | ▼ | -- | — | — |
| 26 Jul 2025 | ₹ 5 | ▼ | 2% | — | — |
| 25 Jul 2025 | ₹ 6 | ▼ | 3% | — | — |
| 24 Jul 2025 | ₹ 12 | ▼ | 5% | — | — |
| 23 Jul 2025 | ₹ 17 | ▼ | 7% | — | — |
| 22 Jul 2025 | ₹ 24 | ▼ | 10% | — | — |
| 21 Jul 2025 | ₹ 32 | ▼ | 14% | — | — |
| 18 Jul 2025 | ₹ 35 | — | 15% | — | — |
Indiqube Spaces IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 23 Jul 2025
- Close 25 Jul 2025
- Allotment 28 Jul 2025
- Refund/credit 29 Jul 2025
- Listing 30 Jul 2025
Indiqube Spaces IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹237 |
|---|---|
| GMP-based estimate (pre-listing) | ₹238 (+0.4%) |
| Listing gain / loss | −₹21 per share |
| Listing date | 30 Jul, 2025 |
| Actual listing price | ₹216 (-8.86%) |
Is Indiqube Spaces IPO GMP reliable?
Grey market premium for Indiqube Spaces IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Indiqube Spaces IPO full review for a fundamentals-based assessment before making any grey market trades.
Indiqube Spaces IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Indiqube Spaces IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Indiqube Spaces IPO
Indiqube Spaces Limited was incorporated in 2015. It provides managed workplace solutions, from large corporate hubs to small branch offices. It combines interiors, amenities and value-added services for enterprises and their employees.
On 31 March 2025 the portfolio had 115 centres across 15 cities. Of these, 105 were operational and 10 were covered by letters of intent.
The area under management was 8.40 million square feet, with total seating capacity of 186,719.
The IPO was Rs 700 crore, with Rs 650.01 crore of fresh issue and Rs 49.99 crore of offer for sale. Rs 462.65 crore was planned for new centres and Rs 93.04 crore for repaying borrowings.
Frequently asked
What is the GMP of Indiqube Spaces IPO?
The current Grey Market Premium (GMP) of Indiqube Spaces IPO is ₹ 1.
What is the Kostak Price of Indiqube Spaces IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Indiqube Spaces IPO is not available.
What is the Subject to Sauda Price of Indiqube Spaces IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Indiqube Spaces IPO?
Indiqube Spaces IPO listed on July 30, 2025 at ₹216, against the issue price of ₹237 — a loss of -8.86%.
How did the GMP of Indiqube Spaces IPO trend before listing?
The GMP of Indiqube Spaces IPO was falling in its final days before listing. The GMP peaked at ₹35 on 18 July 2025. View the day-wise table above for the complete GMP history.
Explore Indiqube Spaces IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
