BENGALURU: Managed workspace provider IndiQube Spaces has raised Rs 314.3 crore from anchor investors, with the company allotting shares at Rs 237 apiece, the upper end of its IPO price band, ahead of its public issue opening on July 23.Institutional investors participating in the anchor book included Aditya Birla Sun Life Mutual Fund, Invesco India ELSS Tax Saver Fund, WhiteOak Capital, Bandhan Mutual Fund, Motilal Oswal and Malabar Funds. Other investors allotted shares include Max Life Insurance, Edelweiss MF, BNP Paribas Financial Markets, Citigroup Global Markets Mauritius, Societe Generale and Groww Mutual Fund.According to the company’s stock exchange filing, 1.32 crore equity shares were allocated to anchor investors, of which nearly 67% went to eight domestic mutual funds across 21 schemes.The IPO, comprising a Rs 650 crore fresh issue and a Rs 50 crore offer for sale by promoters Rishi Das and Meghna Agarwal, will open for subscription between July 23 and July 25. The price band has been set at Rs 225-237 per share. Shares are expected to list on stock exchanges on July 30.Bengaluru-based venture capital firm WestBridge Capital, which holds a 27.95% pre-offer stake through its affiliated entities, is not selling any shares in the IPO.Founded in 2015, Bengaluru-based IndiQube operates over 8.4 million square feet of managed workspace across 15 cities. The company reported Rs 1,103 crore in revenue in the financial year ended March 2025 (FY25), marking a 35% compounded annual growth rate since FY23. It cut losses by 58% to Rs 141 crore in the period. Occupancy at steady-state centres stood at 86.5%, according to its IPO prospectus.The proceeds from the fresh issue will be used to expand IndiQube’s footprint by 3 million sft over the next three years. The company plans to add 1.79 million sft in Bengaluru, 0.74 million sft in Chennai and 0.36 million sft across Tier-II cities, taking its total managed area to 11.5 million sft by FY28.