Indiqube Spaces IPO vs Innovision IPO

Comparison between Indiqube Spaces IPO and Innovision IPO.

IPO Details

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

Issue Size and Price

The total issue size of Indiqube Spaces IPO is up to ₹700.00 Cr whereas the issue size of the Innovision IPO is up to ₹319.25 Cr. The final issue price of Indiqube Spaces IPO is ₹237.00 per share and of Innovision IPO is ₹519.00 per share.

 Indiqube Spaces IPOInnovision IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)₹225.00 per share₹494.00 per share
Issue Price (Upper)₹237.00 per share₹519.00 per share
Issue Price (Final)₹237.00 per share₹519.00 per share
Discount (Retail)
Discount (Employee)₹22.00 per share
Market Lot Size63 shares27 shares
Fresh Issue Size2,74,32,636 shares49,13,294 shares
Fresh Issue Size (Amount)up to ₹650.01 Crup to ₹255.00 Cr
OFS Issue Size21,09,704 shares12,38,000 shares
OFS Issue Size (Amount)up to ₹49.99 Crup to ₹64.25 Cr
Issue Size Total2,95,42,340 shares61,51,294 shares
Issue Size Total (Amount)up to ₹700.00 Crup to ₹319.25 Cr

IPO Timetable

Indiqube Spaces IPO opens on Jul 23, 2025, while Innovision IPO opens on Mar 10, 2026. The closing date of Indiqube Spaces IPO and Innovision IPO is Jul 25, 2025, and Mar 17, 2026, respectively.

 Indiqube Spaces IPOInnovision IPO
Anchor Bid DateJul 22, 2025
Issue OpenJul 23, 2025Mar 10, 2026
Issue CloseJul 25, 2025Mar 17, 2026
Basis Of Allotment (Tentative)Jul 28, 2025Mar 18, 2026
Initiation of Refunds (Tentative)Jul 29, 2025Mar 20, 2026
Credit of Share (Tentative)Jul 29, 2025Mar 20, 2026
Listing date (Tentative)Jul 30, 2025Mar 23, 2026
Anchor Lockin End date 1Aug 26, 2025
Anchor Lockin End date 2Oct 25, 2025

Financials & KPIs

Indiqube Spaces IPO P/E ratio is , as compared to Innovision IPO P/E ratio of 33.8.

 Indiqube Spaces IPOInnovision IPO
Financials

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

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets271.66220.30157.05108.17
Total Income483.10895.95512.13257.62
Profit After Tax20.0029.0210.278.88
EBITDA30.4251.7519.6616.36
NET Worth102.3381.8852.3540.26
Reserves and Surplus83.4362.9833.4538.91
Total Borrowing112.3979.0548.1533.34
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)70.37100
Promoter Shareholding (Post-Issue)60.2374.17
P/E Ratio33.8
Market Cap₹4977.12 Cr.₹1235.91 Cr.
ROE-2.19%35.45%
ROCE34.21%40.77%
Debt/Equity-110.580.97
EPS₹-7.65₹15.36
RoNW35.45%

Shares Offered

In the Indiqube Spaces IPO Retail Individual Investors (RII) are offered 29,47,257 shares while in Innovision IPO retail investors are offered 29,47,257 shares. Qualified Institutional Buyers (QIB) are offered 88,41,773 shares in Indiqube Spaces IPO and 61,512 shares in Innovision IPO.

 Indiqube Spaces IPOInnovision IPO
Anchor Investor Reservation1,32,62,658 shares0 shares
Market Maker Reservation0 shares0 shares
QIB88,41,773 shares61,512 shares
NII44,20,885 shares20,91,440 shares
RII29,47,257 shares39,98,342 shares
Employee69,767 shares0 shares
Others
Total2,95,42,340 shares61,51,294 shares

Bids Received (Subscription)

Indiqube Spaces IPO subscribed 13.00x in total, whereas Innovision IPO subscribed 3.46x.

 Indiqube Spaces IPOInnovision IPO
QIB (times)15.12x14.30x
NII (times)8.68x8.60x
Big NII (times)8.35x10.29x
Small NII (times)9.34x5.22x
RII (times)13.28x0.60x
Employee (times)6.95x
Other (times)
Total (times)13.00x3.46x

Compare with others

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Indiqube Spaces IPO Vs Innovision IPO