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Indiqube Spaces IPO Subscription Status

Indiqube Spaces IPO was subscribed 13 times when bidding closed on 25 Jul 2025: QIB 15.12x, NII 8.68x, Retail 13.28x.

The Indiqube Spaces IPO has been subscribed 13x times overall. Retail investors have shown interest with bids for 13.28x the shares available. The Non-Institutional Investor (NII) category has been subscribed 8.68x. Within NII, Big HNI (B-HNI) subscribed 8.35x and Small HNI (S-HNI) subscribed 9.34x. Qualified Institutional Buyers (QIBs) have subscribed 15.12x. Data last updated on 10 Nov, 01:05 AM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 23 Jul, 2025 and closes on 25 Jul, 2025. The shares are expected to list on stock exchanges on 30 Jul, 2025.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 01:05 AM
Category Bid details Times
QIB - of - - 15.12x
NII - of - - 8.68x
bHNI — bid amount above ₹10 Lakh
- - 8.35
sHNI — bid amount ₹2–10 Lakh
- - 9.34
Retail - of - - 13.28x
Employee - of - - 6.95x
TOTAL - 5,69,454 applications - 13x
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Indiqube Spaces IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹237.

Applications
5,69,454
Allottees
52,033
Overall odds
1 out of 10
Amount collected
₹5,339 Cr
Category Apps Got Odds
TOTAL 7.63x subscribed 5,69,454 52,033 1 out of 10

Indiqube Spaces IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 13
~7.5% chance per PAN — based on 13.28x subscription. Winners get exactly 1 lot (₹14,931) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
1 out of 9
~10.7% chance — based on 9.34x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 8
~12% chance — based on 8.35x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
15.12x
Proportionate allotment — at 15.12x, institutions receive ~6.6% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 7.5% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 15.12x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
25 Jul 2025
Day 3
13x ▼
QIB15.12x BHNI8.35x SHNI9.34x Retail13.28x Employee6.95x
24 Jul 2025
Day 2
2.54x ▼
QIB1.42x BHNI1.52x SHNI2.48x Retail6.9x
23 Jul 2025
Day 1
0.87x ▼
QIB0.06x BHNI0.65x SHNI1.05x Retail3.41x

Indiqube Spaces IPO dates

From the bidding window to listing. Today is 10 November.

Key dates Listed
  1. Open 23 Jul 2025
  2. Close 25 Jul 2025
  3. Allotment 28 Jul 2025
  4. Refund/credit 29 Jul 2025
  5. Listing 30 Jul 2025

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
INVESCO INDIA ELSS TAX SAVER FUND ₹37.00 Cr 11.77%
BANDHAN LARGE & MID CAP FUND ₹37.00 Cr 11.77%
MOTILAL OSWAL LARGE CAP FUND ₹37.00 Cr 11.77%
MALABAR INDIA FUND LTD. ₹30.00 Cr 9.54%
AXIS MAX LIFE INSURANCE LTD. ₹20.10 Cr 6.39%
ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND ₹18.50 Cr 5.89%
ADITYA BIRLA SUN LIFE EQUITY HYBRID '95 FUND ₹13.45 Cr 4.28%
ADITYA BIRLA SUN LIFE VALUE FUND ₹13.45 Cr 4.28%
TOCU EUROPE III S.A R.L ₹12.00 Cr 3.82%
BARODA BNP PARIBAS MULTI CAP FUND ₹11.04 Cr 3.51%
ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUND ₹10.09 Cr 3.21%
EDELWEISS AGGRESSIVE HYBRID FUND ₹10.00 Cr 3.18%
WHITEOAK CAPITAL FLEXI CAP FUND ₹8.84 Cr 2.81%
MALABAR MIDCAP FUND ₹7.00 Cr 2.23%
WHITEOAK CAPITAL MID CAP FUND ₹5.60 Cr 1.78%
EDELWEISS RECENTLY LISTED IPO FUND ₹5.10 Cr 1.62%
BNP PARIBAS FINANCIAL MARKETS-ODI ₹5.01 Cr 1.59%
CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD. ₹5.01 Cr 1.59%
SOCIETE GENERALE-ODI ₹5.01 Cr 1.59%
EDELWEISS EQUITY SAVINGS FUND ₹5.00 Cr 1.59%
BARODA BNP PARIBAS RETIREMENT FUND ₹4.35 Cr 1.38%
WHITEOAK CAPITAL MULTI CAP FUND ₹3.41 Cr 1.08%
BARODA BNP PARIBAS CONSERVATIVE HYBRID FUND ₹3.00 Cr 0.95%
GROWW MULTICAP FUND ₹2.75 Cr 0.87%
BARODA BNP PARIBAS EQUITY SAVINGS FUND ₹1.70 Cr 0.54%
GROWW VALUE FUND ₹1.20 Cr 0.38%
GROWW LARGE CAP FUND ₹1.00 Cr 0.32%
WHITEOAK CAPITAL ELSS TAX SAVER FUND ₹0.65 Cr 0.21%
GROWW AGGRESSIVE HYBRID FUND ₹0.06 Cr 0.02%
TOTAL ₹314.32 Cr 99.96%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Indiqube Spaces IPO?

As of IPO close date (25 Jul, 2025), the Indiqube Spaces IPO is subscribed 13x times. Retail category is 13.28x, and NII is 8.68x subscribed.

When is the allotment date for Indiqube Spaces IPO?

The allotment for Indiqube Spaces IPO is expected to be finalized on 28 July, 2025.

What is the GMP of Indiqube Spaces?

The Grey Market Premium (GMP) for Indiqube Spaces is currently ₹1, indicating a potential listing gain of 0%.

When will Indiqube Spaces IPO list on the stock market?

Indiqube Spaces is scheduled to list on BSE and NSE on 30 July, 2025.

What are the chances of getting allotment in Indiqube Spaces IPO?

The retail category is oversubscribed at 13.28x, meaning allotment is by lottery. Statistically, approximately 1 in 14 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 15.12x mean for Indiqube Spaces IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 15.12x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Indiqube Spaces IPO allotment status?

After the allotment date (28 Jul, 2025), you can check your Indiqube Spaces IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
13x
QIB
15.12x
NII
8.68x
bHNI
8.35x
sHNI
9.34x
Retail
13.28x
Full IPO details
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