Indiqube Spaces and GNG Electronics to Launch IPOs on July 23
The Indiqube IPO comprises a fresh issue of equity shares aggregating up to ₹650 crore
Mumbai: Bengaluru-based Indiqube Spaces, a managed workplace solutions company, has announced a ₹700 crore initial public offering (IPO), opening on July 23. The company has set a price band of ₹225 to ₹237 per equity share of ₹1 face value. The public issue will close on July 25, 2025.
The Indiqube IPO comprises a fresh issue of equity shares aggregating up to ₹650 crore and an offer for sale of equity shares aggregating up to ₹50 crore by the promoter selling shareholders.
The company will use ₹462.64 crore from the fresh issue to fund capital expenditure towards the establishment of new centres, and ₹93.03 crore towards repayment of certain borrowings.
Meanwhile, Mumbai-based GNG Electronics, India’s largest refurbisher of laptops, desktops, and other devices like tablets and smartphones, has also announced a ₹460 crore IPO opening on July 23. The company has set a price band of ₹225 to ₹237 per equity share of ₹2 face value. The public issue will close on July 25, 2025. GNG Electronics also has a presence in the UAE and USA.
The public issue comprises a fresh issue of ₹400 crore and an offer for sale of ₹60.44 crore at the upper price band. The company plans to use ₹320 crore from the fresh issue to repay debt, with the remainder allocated for general corporate purposes.
