Indiquube Spaces IPO listing date today. GMP, experts indicate muted debut of shares | Einsmark news

Indiquube Spaces IPO, opened for subscription from July 23 to July 25, is ready to make its stock market debut on Wednesday, July 30. The shares of the IPO of Indiquube Spaces are listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The allocation of Indiquube spaces was out on July 28. The shares were successfully credited on the Demat accounts on July 29. The IPO of the Indiquube Spaces was witness to a strong investor interest in all segments. The offer was subscribed to 12.41 times, attracting a significant demand from institutional as well as retail investors. In terms of the category -wise subscription, the qualified institutional buyers (QIB) segment 14.35 times were subscribed, while retail individual investors (RII) portion received 12.90 times the number of shares offered. The non -institutional investors (NII) portion has been subscribed to 8.27 times. By the 1.71 crore shares offered by the company, he received bid for more than 21.24 crore shares. Indiquube Spaces IPO GMP Today has dropped the GMP of Indiquube Spaces IPO from +5 to +1, according to InvestorGain. This means that the shares of the IPO of Indiquube Spaces are trading at a premium of £ 1 in the gray market. The estimated list price of IPO of Indiquube Spaces is likely to be £ 238, which is 0.42 percent higher than the IPO price of £ 237. Indique Spaces IPO listing review according to Mahesh M. OJHA, AVP research and business development, HENSEX Securities Pvt Ltd, is expected 2-3 percent, supported by a strong demand and an asset-light-Flex workspace model. “The valuation looks a little rich but justified given sector growth. Long-term investors may be watching a closely watch over occupation and margins. We can see a good premium on the list day, expected good listing gain of 25-30 percent short investors can discuss partial profits (as per GMP 90-95), while long-term investors have to wait for 2-3 quarters of the earnings,” said. Meanwhile, Gaurav Goel, founder and director of Fynocrat Technologies believes that IPO of Indiquube Spaces is likely to be flat or slightly positive. “Despite good subscription numbers, the market sentiment before the listing is a little cautious. This is mainly due to concerns about the profitability of the business and whether the bursary price offers enough value. The bursary trading has priced at a valuation of about 26 times et seq. ‘Say Goel. Lakh shares totaling £ 50 crore. Company growth plans, especially to expand its operating presence, meet continuous working capital requirements and to address general corporate purposes. Investment decisions make.