Indiqube Spaces Stock Rises on Rs 68 Cr Audio Platform Deal
By ThePip Desk
Indiqube Spaces shares climb 0.97% to Rs 193.10 after securing a Rs 68 crore deal to lease 1,300 seats to a global audio series platform in Bengaluru.
Indiqube Spaces saw its shares climb 0.97% to Rs. 193.10 today, following the announcement of an expanded partnership with a prominent global audio series platform. This strategic deal, valued at approximately Rs 68 crore, involves leasing nearly 1,300 seats at IndiQube’s premium tech park facility in Bengaluru.
Trading Snapshot
- Current Price: Rs. 193.10
- Daily Gain: 1.85 points (0.97%)
- Previous Close: Rs. 191.25
- Opened At: Rs. 197.95
- Day High: Rs. 198.55
- Day Low: Rs. 192.00
- Shares Traded: 3568
The client, a global audio series platform, is transitioning to the new tech-enabled enterprise environment along Bengaluru’s prime IT corridor, the Outer Ring Road (ORR) stretch. This move builds upon their initial operations, which were scaled out of IndiQube’s Koramangala facility.
Strategic Expansion & Market Position
IndiQube Spaces, primarily engaged in leasing shared workspaces, continues to bolster its enterprise portfolio through this agreement. The company focuses on India’s burgeoning startup and unicorn ecosystem, offering an integrated managed spaces platform designed for fast-scaling tech companies.
Market Valuation & Holdings
- Current Market Cap: Rs. 4104.27 crore
- 52-Week High: Rs. 243.80 (22-Sep-2025)
- 52-Week Low: Rs. 130.80 (30-Mar-2026)
- Last Week High: Rs. 198.55
- Last Week Low: Rs. 177.35
- Promoter Holding: 60.11%
- Institutional Holding: 16.50%
- Non-Institutional Holding: 23.39%
The company’s stock, with a face value of Rs. 1, reflects investor response to its strategic moves within the dynamic Indian real estate and tech support sectors on the BSE.