News · Professional & Local Services
IndiQube promoters plan open market share purchases
By Startup Enthusiast ·
- Date
- Company
- IndiQube Spaces
- What it does
- Managed workplace solutions provider
- Kind
- News
- Based in
- Bengaluru
What they do
Promoters voluntarily disclosed plans to buy shares from the open market, complying with SEBI norms
What happened
The company posted Rs 395 crore revenue in Q3 FY26, up 45% year-on-year
Why it matters
WestBridge Capital, an early backer since 2018, did not sell shares in the IPO OFS
The details
- IndiQube Spaces promoters made a voluntary disclosure to buy shares.
- They plan to purchase shares from the open market.
- This move complies with SEBI takeover and insider trading norms.
- There is no trigger for an open offer under current rules.
- The company debuted in July 2025 with a Rs 700 crore IPO.
- The IPO included Rs 650 crore in fresh issue funds.
- Promoters sold Rs 50 crore worth of shares via OFS.
- WestBridge Capital remained an early backer without selling in the IPO.
The bigger picture
- The promoter stake dropped slightly from 60.60% to 60.04% by December 2025.
- Buying shares signals confidence in the company's future performance.
- The action follows the recent public listing of the firm.
About the business
- IndiQube Spaces operates as a managed workplace solutions provider.
- It is based in Bengaluru, Karnataka.
- The portfolio spans more than 9.5 million square feet.
- Operations cover 17 cities across India.
- The company offers over 2 lakh seats to clients.
- Revenue reached Rs 395 crore in the December quarter.
- Total income stood at Rs 403 crore for the same period.
- Profit after tax was Rs 40 crore in Q3 FY26.
- Nine-month revenue totaled Rs 1,063 crore for FY26.
- Nine-month profit after tax was Rs 95 crore.
Investors
- WestBridge Capital (existing) — Early backer since 2018 who did not sell in the IPO.
Founders
- Rishi Das, Promoter
- Meghna Agarwal, Promoter
More on IndiQube Spaces
- IndiQube opens large managed workspace in Noida15 July 2026 · Launch
- IndiQube appoints two senior leaders for business development and design as it expands enterprise offerings15 June 2026 · People
- IndiQube reports FY26 revenue growth and profitability20 May 2026 · Results · ₹1,450.8 Cr
- IndiQube signs ₹52 Cr workspace deal with Japanese e-commerce firm17 April 2026 · Launch · ₹52 Cr
- Promoters buy shares in IndiQube18 March 2026 · Stake sale
- IndiQube IPO opens July 23, raises ₹700 crore17 July 2025 · IPO · ₹700 crore
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