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IndiQube Files for INR 850 Cr IPO

  • IndiQube has filed its DRHP with SEBI for an INR 850 Cr IPO, including a fresh issue of INR 750 Cr and an OFS of INR 100 Cr.
  • Promoters Rishi Das and Meghna Agarwal will offload some shares via the OFS. The company plans to use INR 462.6 Cr for new centres and INR 100 Cr to repay borrowings.
  • IndiQube reported a net loss of INR 42.04 Cr in Q1 FY25 with an operating revenue of INR 251.30 Cr. The company manages a portfolio of 103 centres across 13 cities.

Source: Inc42

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11mo ago
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