Bengaluru-based coworking space provider IndiQube has taken a significant step in its growth trajectory, transitioning from a private limited company to a public limited entity, now known as IndiQube Spaces Limited. This move sets the stage for its highly anticipated Initial Public Offering (IPO), where the company plans to raise between INR 1,000–1,500 Cr (approximately $120–$180 million).

IndiQube’s strong financial performance underscores its readiness for this milestone. In FY23, the company reported a net profit of INR 20.63 Cr, a remarkable turnaround from a net loss of INR 18.82 Cr in FY22. Operating revenue also surged by an impressive 69%, reaching INR 592.41 Cr, reflecting the growing demand for its flexible workspace solutions. IndiQube has set ambitious targets, aiming for a net profit of INR 100 Cr by FY25.

This transition highlights IndiQube’s robust financial health and cements its position as a key player in India’s coworking space industry. As companies across the country embrace hybrid work models and flexible office solutions, IndiQube’s growth mirrors the evolving workspace needs of modern businesses.

About IndiQube

Founded to provide scalable, managed office spaces for startups, enterprises, and growing businesses, IndiQube has emerged as a market leader in India’s coworking landscape. With a focus on delivering tailored, tech-enabled workspace solutions, the company operates across major cities, offering flexibility, innovation, and world-class amenities to meet the demands of dynamic businesses.