Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
IndiQube Spaces has secured SEBI approval for an ₹850-crore IPO, including a ₹750-crore fresh issue and ₹100-crore offer for sale. The funds will support expansion, debt repayment, and corporate needs. Backed by WestBridge Capital, IndiQube aims to tap into India’s growing demand for flexible workspaces amid the hybrid work boom.
READ MOREDev Accelerator has refiled IPO papers with SEBI, increasing its fresh issue size to 2.75 crore shares. Competing with Awfis Space Solutions, the company plans to use proceeds for expansion and corporate needs. With 25 centres across 11 cities, it aims to strengthen its presence in India’s coworking sector.
READ MORENukleus Office Solutions is launching its SME IPO on February 24 to raise Rs 31.7 crore. The funds will support expansion, technology upgrades, and marketing. Priced at Rs 234 per share, the IPO closes on February 27, with trading on BSE SME beginning on March 4.
READ MOREWeWork India is set to go public, filing its IPO draft with SEBI via an offer-for-sale, allowing promoters to offload stakes without fresh capital infusion. The company has rebounded financially, distancing itself from WeWork Global’s struggles. Amid rising competition, its success hinges on sustaining profitability and investor confidence.
READ MOREWeWork India has posted a ₹174.13 crore profit in H1 FY25, marking a strong turnaround amid rising demand for flexible workspaces. The company plans an IPO through a ₹4.37 crore share Offer for Sale. With a 77 lakh sq. ft. portfolio, it aims to enhance visibility and liquidity through public listing.
READ MORETable Space plans a $2.5 billion IPO next year, hiring Axis as bookrunner. The managed workspace provider, backed by Hillhouse Investment, operates 60+ centres across India and aims to double its 9.5 million sq ft portfolio. Amid strong market demand, its IPO follows Awfis’ successful public debut and rising workspace investments.
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