Indiqube Spaces Ltd Share Price – NSE  / BSE

Co-Working, Small Cap

The transaction covers more than 700 seats and marks another significant enterprise mandate for the company in one of Bengaluru's emerging commercial corridors.

The company said the deal highlights the growing demand from consulting, professional services and knowledge-led enterprises for flexible workspaces that support faster team deployment, business continuity and enhanced employee experience.

IndiQube noted that North Bengaluru is increasingly emerging as a preferred office destination as infrastructure development and commercial activity expand beyond the city's traditional business districts. Companies are evaluating the region for its access to residential catchments, talent availability and relatively lower congestion compared with more established micro-markets.

The deal further strengthens IndiQube's presence in Bengaluru and underscores the rising adoption of managed workspace solutions among large enterprises seeking operational flexibility and scalable office infrastructure.

Rishi Das, Co-founder & CEO, says ?This mandate reflects how workplace decision making is evolving among large enterprises in consulting and adjacent knowledge sectors. Companies are looking beyond conventional office delivery models and are prioritising speed, reliability, employee experience, and the ability to scale with lower operational friction. This transaction had also reinforced our view that managed workspaces are becoming a strategic outsourcing solution for enterprises for their holistic workspace requirements.?

Meghna Agarwal, Co-founder, added, ?What stood out in this deal was how clearly the client?s workplace requirements were centred on both experience and performance. The space had been designed with wellness rooms, collaborative zones, phone booths, focus rooms, and strong IT and server infrastructure, creating an environment that could support different workstyles while ensuring operational reliability. This transaction had demonstrated the value of a full stack workspace platform that could bring together design, operations, hospitality, and technology capable of supporting long term business needs.?

IndiQube is one of India?s fastest-growing workspace platforms, offering managed office solutions tailored to startups, Global Capability Centers (GCCs), and large enterprises. IndiQube, with a presence in 17 cities and over 9.66 million sq. ft. under management (as on Mar?26), combines workspace design, technology, and hospitality led operations to deliver scalable, future ready, and experience led work environments.

The company reported consolidated net loss of Rs 22.65 crore in Q4 FY26 as against net loss of Rs 31.33 crore in Q4 FY25. Net sales rose 35.2% year on year to Rs 401.45 crore in Q4 FY26.

The scrip shed 0.72% to Rs 157.95 on the BSE.

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Net Loss of Indiqube Spaces reported to Rs 22.65 crore in the quarter ended March 2026 as against net loss of Rs 31.33 crore during the previous quarter ended March 2025. Sales rose 35.20% to Rs 401.45 crore in the quarter ended March 2026 as against Rs 296.94 crore during the previous quarter ended March 2025.

For the full year,net loss reported to Rs 106.34 crore in the year ended March 2026 as against net loss of Rs 139.62 crore during the previous year ended March 2025. Sales rose 36.96% to Rs 1450.81 crore in the year ended March 2026 as against Rs 1059.29 crore during the previous year ended March 2025.

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Indiqube Spaces will hold a meeting of the Board of Directors of the Company on 20 May 2026.

The mandate is expected to support the client?s India operations with a fully managed, enterprise-grade workplace in one of the country?s most strategic technology corridors.

The transaction comes at a time when India?s flex office market has crossed 100 million sq square feet, with enterprises increasingly adopting managed workspaces as a strategic lever for faster expansion, operational flexibility and talent access.

Bengaluru remains at the centre of this growth story. The city continues to be one of India?s strongest office markets, supported by deep technology talent, mature business infrastructure, and sustained demand from multinational occupiers.

Outer Ring Road in particular remains one of the most preferred office corridors for global companies building operations in India, given its concentration of technology campuses, corporate ecosystems, and access to skilled talent.

For IndiQube, this transaction further strengthens its position as a partner of choice for GCCs seeking future ready, tech enabled workspaces across India.

With a diversified footprint across major business markets, GCCs constitute over 40% of its portfolio.

IndiQube is one of India?s fastest-growing workspace platforms, offering managed office solutions tailored to startups, global capability centers (GCCs), and large enterprises. IndiQube, with a presence in 17 cities, has over 9.55 million square feet under management as of December 2025.

The scrip had gained 3.25% to end at Rs 155.50 on the BSE today.