IndiQube Spaces Limited has announced its strategic expansion into Bhubaneswar, marking a significant milestone in the company's pan-India growth strategy. The expansion, announced on January 12, 2026, establishes Bhubaneswar as the company's 17th city of operations across India and represents its second location in East India after Kolkata.

Strategic Location and Facility Details

The new center spans over 45,000 sq. ft. and is strategically positioned in Patia, Infocity, one of Bhubaneswar's most prominent IT and commercial hubs. This location choice aligns with IndiQube's strategy to establish presence in key business districts that serve as enterprise and technology centers.

Leadership Perspective on Market Opportunity

Rishi Das, Co-founder and CEO of IndiQube, highlighted the strategic importance of the East India region, describing it as a significant growth frontier for the company. He emphasized that Bhubaneswar represents a natural progression in the company's regional expansion strategy, noting the city's transition into a credible enterprise and technology hub. Das pointed to the strong infrastructure development, including the upcoming metro system and supportive policy environment, as key factors driving the expansion decision.

Focus on Tier II City Growth

Meghna Agarwal, Co-founder of IndiQube, emphasized the broader significance of expanding into Tier II cities like Bhubaneswar. She noted that this expansion reflects the decentralization of talent, ambition, and enterprise growth across India. Agarwal highlighted how organizations are rethinking their workspace location strategies in response to evolving talent migration patterns, positioning IndiQube's presence in emerging cities as critical for enabling business ease and enhancing workspace productivity.

Company Background and Service Offerings

IndiQube operates as one of India's fastest-growing workspace platforms, specializing in managed office solutions for startups, Global Capability Centers, and large enterprises. The company leverages its proprietary MiQube workspace tech stack to integrate design, technology, and hospitality services. IndiQube's business model centers on creating future-ready work environments through flexible, on-demand, pay-as-you-use solutions tailored to diverse organizational needs.

Indiqube Spaces Limited has announced the allotment of equity shares under its Employee Stock Option Plan 2022, marking a significant development in the company's employee benefit initiatives. The Bangalore-based real estate company completed the share allotment process following regulatory approvals and compliance requirements.

Share Allotment Details

Indiqube Spaces Limited allotted 19,53,646 equity shares of ₹1 each under its Employee Stock Option Plan 2022 on December 22, 2025, following approval from the Nomination Remuneration Committee. The key parameters of this allotment are presented below:

The newly allotted shares will rank pari passu with the existing equity shares of the company in all respects, including dividend entitlements, if any are declared.

Regulatory Compliance and Filing Details

Indiqube Spaces Limited has fulfilled all regulatory requirements under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the necessary statements with both stock exchanges where its shares are listed:

Company Background and Operations

Indiqube Spaces Limited, formerly known as Indiqube Spaces Private Limited and Innovent Spaces Private Limited, operates from its registered and corporate office located at Plot 453, Careernet Campus, Kariyammanna Agrahara Road, Devarabisanahalli, Outer Ring Road, Bangalore, Karnataka. The company's Corporate Identification Number is L45400KA2015PLC133523.

The ESOP 2022 plan represents the company's commitment to employee participation in its growth story, allowing eligible employees to acquire equity stakes in the organization. This share allotment demonstrates the company's focus on talent retention and employee engagement through equity-based compensation structures.

Transparency and Disclosure

In line with corporate governance practices, Indiqube Spaces Limited has made the allotment information available on its official website at https://indiqube.com/investor/ . This ensures transparency and provides stakeholders with easy access to important corporate developments and regulatory filings.