Khaitan & Co, Cyril Amarchand Mangaldas, and Hogan Lovells advised on the INR 7,000 million initial public offering of IndiQube Spaces Limited.
Khaitan & Co advised IndiQube Spaces and its promoters on their IPO aggregating to INR 7,000 million, which included both a fresh issue and an offer for sale. The deal team included Thomas George, Prathiksha Panduranga, Jash Botadra, Lakshmi Raj C and Rupa Veena S.
Cyril Amarchand Mangaldas advised the lead managers, ICICI Securities Limited and JM Financial Ltd, in connection with the IPO of IndiQube Spaces Limited (formerly known as Indiqube Spaces Private Limited, Innovent Spaces Private Limited).
The initial public offer of 29,542,340 equity shares of face value of INR 1 each for cash at a price of INR 237 each aggregating to INR 7,000 million, comprised of a fresh issue of 27,432,636 equity shares aggregating to INR 6,500 million and an offer for sale of 2,109,704 equity shares aggregating to INR 500 million by the promoter selling shareholders.
The equity shares were listed on the stock exchanges on July 30, 2025.
The transaction team was led by Reuben Chacko and Vartika Jain with support from Dhruv Sharma, Akhil Sreenadhu and Zubin Ronnie.
Hogan Lovells acted as the international legal counsel for the book running lead managers on this IPO. The transaction team was led by Biswajit Chatterjee.
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