Indiqube Spaces IPO Proceeds Monitoring Report Q2 FY27

Indiqube Spaces Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations. The report, prepared by CRISIL Ratings Limited, addresses the utilization of proceeds from the company's Initial Public Offer (IPO). It indicates a deviation from the original objects stated in the offer document, but this deviation is in line with a change of objects approved by the shareholders. The range of deviation is reported to be between 25-35%. The IPO had a gross proceeds of ₹6,500 million (₹650 Crore), with net proceeds of ₹6,044.59 million (₹604.46 Crore) after issue expenses.