Workspace provider IndiQube has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Tuesday.
The IPO includes a fresh issue of equity shares worth Rs 750 crore (approximately $89 million) and an offer for sale (OFS) of equity shares amounting to Rs 100 crore, as stated in the DRHP.
Co-founders Rishi Das and Meghna Agarwal will each sell shares worth Rs 50 crore through the OFS. Notably, no external shareholders are participating in the OFS, highlighting the founders’ significant role in the offering.
According to the DRHP, Anshuman Das is IndiQube’s largest shareholder, holding 25.32%, followed by Aravali Investment Holding with 22.07%. Other notable…
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