IndiQube Spaces has filed for an IPO to raise Rs 850 crore. This includes a fresh equity sale of Rs 750 crore and an offer for sale of Rs 100 crore. The proceeds will fund new centers, repay debt, and other corporate needs. IndiQube manages 103 centers across 13 cities. ICICI Securities and JM Financial are the lead managers.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj