Aditya Infotech IPO vs Indiqube Spaces IPO

Comparison between Aditya Infotech IPO and Indiqube Spaces IPO.

IPO Details

Aditya Infotech IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Indiqube Spaces IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Aditya Infotech IPO is up to ₹1,300.00 Cr whereas the issue size of the Indiqube Spaces IPO is up to ₹700.00 Cr. The final issue price of Aditya Infotech IPO is ₹675.00 per share and of Indiqube Spaces IPO is ₹237.00 per share.

 Aditya Infotech IPOIndiqube Spaces IPO
Face Value₹1 per share₹1 per share
Issue Price (Lower)₹640.00 per share₹225.00 per share
Issue Price (Upper)₹675.00 per share₹237.00 per share
Issue Price (Final)₹675.00 per share₹237.00 per share
Discount (Retail)
Discount (Employee)₹60.00 per share₹22.00 per share
Market Lot Size22 shares63 shares
Fresh Issue Size74,16,079 shares2,74,32,636 shares
Fresh Issue Size (Amount)up to ₹500.36 Crup to ₹650.01 Cr
OFS Issue Size1,18,51,849 shares21,09,704 shares
OFS Issue Size (Amount)up to ₹799.64 Crup to ₹49.99 Cr
Issue Size Total1,92,67,928 shares2,95,42,340 shares
Issue Size Total (Amount)up to ₹1,300.00 Crup to ₹700.00 Cr

IPO Timetable

Aditya Infotech IPO opens on Jul 29, 2025, while Indiqube Spaces IPO opens on Jul 23, 2025. The closing date of Aditya Infotech IPO and Indiqube Spaces IPO is Jul 31, 2025, and Jul 25, 2025, respectively.

 Aditya Infotech IPOIndiqube Spaces IPO
Anchor Bid DateJul 28, 2025Jul 22, 2025
Issue OpenJul 29, 2025Jul 23, 2025
Issue CloseJul 31, 2025Jul 25, 2025
Basis Of Allotment (Tentative)Aug 01, 2025Jul 28, 2025
Initiation of Refunds (Tentative)Aug 04, 2025Jul 29, 2025
Credit of Share (Tentative)Aug 04, 2025Jul 29, 2025
Listing date (Tentative)Aug 05, 2025Jul 30, 2025
Anchor Lockin End date 1Aug 30, 2025Aug 26, 2025
Anchor Lockin End date 2Oct 29, 2025Oct 25, 2025

Financials & KPIs

Aditya Infotech IPO P/E ratio is 21.09, as compared to Indiqube Spaces IPO P/E ratio of .

 Aditya Infotech IPOIndiqube Spaces IPO
Financials

Company Financials (Restated Consolidated)

Aditya Infotech Ltd.'s revenue increased by 12% and profit after tax (PAT) rose by 205% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets3,174.541,644.181,708.76
Total Income3,122.932,795.962,295.56
Profit After Tax351.37115.17108.31
EBITDA258.39236.48181.05
NET Worth1,017.66424.20311.59
Reserves and Surplus994.49421.33308.65
Total Borrowing412.84405.45409.60
Amount in ₹ Crore

Company Financials (Restated)

Indiqube Spaces Ltd.'s revenue increased by 27% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets4,685.123,667.912,969.32
Total Income1,102.93867.66601.28
Profit After Tax-139.62-341.51-198.11
EBITDA660.19263.42258.23
NET Worth-3.11130.63-308.10
Reserves and Surplus-23.30129.44-308.28
Total Borrowing343.96164.02623.16
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92.5870.37
Promoter Shareholding (Post-Issue)76.760.23
P/E Ratio21.09
Market Cap₹7911.89 Cr.₹4977.12 Cr.
ROE34.53%-2.19%
ROCE33.27%34.21%
Debt/Equity0.41-110.58
EPS₹32.00₹-7.65
RoNW34.53%

Shares Offered

In the Aditya Infotech IPO Retail Individual Investors (RII) are offered 19,17,036 shares while in Indiqube Spaces IPO retail investors are offered 19,17,036 shares. Qualified Institutional Buyers (QIB) are offered 57,51,111 shares in Aditya Infotech IPO and 88,41,773 shares in Indiqube Spaces IPO.

 Aditya Infotech IPOIndiqube Spaces IPO
Anchor Investor Reservation86,26,666 shares1,32,62,658 shares
Market Maker Reservation0 shares0 shares
QIB57,51,111 shares88,41,773 shares
NII28,75,555 shares44,20,885 shares
RII19,17,036 shares29,47,257 shares
Employee97,560 shares69,767 shares
Others
Total1,92,67,928 shares2,95,42,340 shares

Bids Received (Subscription)

Aditya Infotech IPO subscribed 106.23x in total, whereas Indiqube Spaces IPO subscribed 13.00x.

 Aditya Infotech IPOIndiqube Spaces IPO
QIB (times)140.50x15.12x
NII (times)75.93x8.68x
Big NII (times)78.86x8.35x
Small NII (times)70.07x9.34x
RII (times)53.81x13.28x
Employee (times)9.01x6.95x
Other (times)
Total (times)106.23x13.00x

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