Khaitan, CAM, Hogan Lovells act on Indiqube Spaces ₹700 crore IPO

Indiqube Spaces Limited has made an initial public offering of 29,542,340 equity shares aggregating to ₹700 crore, comprising a fresh issue of 27,432,636 equity shares aggregating to ₹650 crore and an Offer for Sale of 2,109,704 equity shares aggregating to ₹50 crore by the Promoter Selling Shareholders.

Khaitan & Co advised Indiqube Spaces and the Promoter Selling Shareholders on this IPO.

The transaction team was led by Thomas George (Partner), with support from Prathiksha Panduranga (Principal Associate), and Associates Jash Botadra, Lakshmi Raj C, Rupa Veena S and Pooja Agarwal.

Cyril Amarchand Mangaldas advised the book running lead managers - ICICI Securities Limited and JM Financial Limited, on this IPO.

The transaction team was led by Reuben Chacko (Partner, Regional Co-Head - Capital Markets - South) and Vartika Jain (Partner), with support from Associates Dhruv Sharma, Akhil Sreenadhu and Zubin Ronnie.

Hogan Lovells acted as the international legal counsel for the BRLMs on this IPO.

The transaction team was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner) with support from Varun Jetly (Counsel), Kaustubh George (Counsel), Suchisubhra Sarkar (Senior Associate), Aditya Rajput (Senior Associate), Aditya Dsouza (Associate), Sanjana Ravjiani (Associate), Komal Israni (Associate) and Purva Mishra (Associate).

Indiqube Spaces is a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience.

The public issue was subscribed 12.90 times in the retail category and 14.35 times in the Qualified Institutional Buyers (QIB) category. The Non-Institutional Investors (NII) segment was subscribed 8.27 times.

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