Indiqube Spaces Ltd. share price target

Reported EBITDA of Rs 2,372.7; -4.4% below our expectations as higher traded goods expenses weighed on margins

Indiqube Spaces Ltd. (Indiqube) delivered a strong Q2FY26 on the back of a 600bps YoY and 200bps QoQ increase in overall occupancy to 87%. Heading into FY26, management remains confident of growth momentum sustaining, led by large deal wins in Bengaluru and Hyderabad during the quarter.

Company is a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience. Company's diverse solutions range from providing large corporate offices (hubs, i.e., the main office of company's clients wherein key functions, leadership teams, and primary operations are based, and is typically located in a central or strategic area) to small branch offices (spokes, i.e., smaller,...

IndiQube Spaces, is one of the India’s leading and organized, flexible managed office workspace provider.

IPO NOTE

Indiqube Spaces Ltd (ISL) is a managed workspace solutions provider with diverse capabilities ranging from providing large corporate offices to small branch offices. As of Mar'25, the company has a managed portfolio of 115 centres (105 operational, 10 under letters of intent & agreements to lease) across 15 cities with a total Super Built-Up Area (SBA) of 8.4 mn sq ft and operational SBA of 6.9 mn sq ft. As of Mar'25, the company was amongst the leading operators in Bengaluru, which is the largest commercial office and flexible workspace market in India. The company's total and operational seat...