Comparison between Indiqube Spaces IPO and Smartworks Coworking Spaces IPO.
Indiqube Spaces IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Smartworks Coworking Spaces IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Indiqube Spaces IPO is up to ₹700.00 Cr whereas the issue size of the Smartworks Coworking Spaces IPO is up to ₹582.56 Cr. The final issue price of Indiqube Spaces IPO is ₹237.00 per share and of Smartworks Coworking Spaces IPO is ₹407.00 per share.
| Indiqube Spaces IPO | Smartworks Coworking Spaces IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹10 per share |
| Issue Price (Lower) | ₹225.00 per share | ₹387.00 per share |
| Issue Price (Upper) | ₹237.00 per share | ₹407.00 per share |
| Issue Price (Final) | ₹237.00 per share | ₹407.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ₹22.00 per share | ₹37.00 per share |
| Market Lot Size | 63 shares | 36 shares |
| Fresh Issue Size | 2,74,32,636 shares | 1,09,41,734 shares |
| Fresh Issue Size (Amount) | up to ₹650.01 Cr | up to ₹445.08 Cr |
| OFS Issue Size | 21,09,704 shares | 33,79,740 shares |
| OFS Issue Size (Amount) | up to ₹49.99 Cr | up to ₹137.48 Cr |
| Issue Size Total | 2,95,42,340 shares | 1,43,21,474 shares |
| Issue Size Total (Amount) | up to ₹700.00 Cr | up to ₹582.56 Cr |
Indiqube Spaces IPO opens on Jul 23, 2025, while Smartworks Coworking Spaces IPO opens on Jul 10, 2025. The closing date of Indiqube Spaces IPO and Smartworks Coworking Spaces IPO is Jul 25, 2025, and Jul 14, 2025, respectively.
| Indiqube Spaces IPO | Smartworks Coworking Spaces IPO | |
|---|---|---|
| Anchor Bid Date | Jul 22, 2025 | Jul 09, 2025 |
| Issue Open | Jul 23, 2025 | Jul 10, 2025 |
| Issue Close | Jul 25, 2025 | Jul 14, 2025 |
| Basis Of Allotment (Tentative) | Jul 28, 2025 | Jul 15, 2025 |
| Initiation of Refunds (Tentative) | Jul 29, 2025 | Jul 16, 2025 |
| Credit of Share (Tentative) | Jul 29, 2025 | Jul 16, 2025 |
| Listing date (Tentative) | Jul 30, 2025 | Jul 17, 2025 |
| Anchor Lockin End date 1 | Aug 26, 2025 | Aug 13, 2025 |
| Anchor Lockin End date 2 | Oct 25, 2025 | Oct 12, 2025 |
Indiqube Spaces IPO P/E ratio is , as compared to Smartworks Coworking Spaces IPO P/E ratio of .
| Indiqube Spaces IPO | Smartworks Coworking Spaces IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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.
| Company Financials (Restated Consolidated)Smartworks Coworking Spaces Ltd.'s revenue increased by 27% and profit after tax (PAT) dropped by 26% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 70.37 | 65.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.23 | 58.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹4977.12 Cr. | ₹4644.82 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | -2.19% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 34.21% | 42.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | -110.58 | 2.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹-7.65 | ₹-6.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | -58.76% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Indiqube Spaces IPO Retail Individual Investors (RII) are offered 29,47,257 shares while in Smartworks Coworking Spaces IPO retail investors are offered 29,47,257 shares. Qualified Institutional Buyers (QIB) are offered 88,41,773 shares in Indiqube Spaces IPO and 28,44,252 shares in Smartworks Coworking Spaces IPO.
| Indiqube Spaces IPO | Smartworks Coworking Spaces IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,32,62,658 shares | 42,66,378 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 88,41,773 shares | 28,44,252 shares |
| NII | 44,20,885 shares | 21,33,190 shares |
| RII | 29,47,257 shares | 49,77,443 shares |
| Employee | 69,767 shares | 1,01,351 shares |
| Others | ||
| Total | 2,95,42,340 shares | 1,43,22,614 shares |
Indiqube Spaces IPO subscribed 13.00x in total, whereas Smartworks Coworking Spaces IPO subscribed 13.92x.
| Indiqube Spaces IPO | Smartworks Coworking Spaces IPO | |
|---|---|---|
| QIB (times) | 15.12x | 24.92x |
| NII (times) | 8.68x | 23.68x |
| Big NII (times) | 8.35x | 28.21x |
| Small NII (times) | 9.34x | 14.62x |
| RII (times) | 13.28x | 3.69x |
| Employee (times) | 6.95x | 2.51x |
| Other (times) | ||
| Total (times) | 13.00x | 13.92x |
