IndiQube Soars 20% Amid Rally In Coworking Stocks

Update | April 16, 2026, 16:51 IST

Shares of IndiQube Spaces ended Thursday’s trading session up 3.44 % at ₹160.85 apiece on the BSE. Its market capitalisation stood at ₹3,360.16 Cr (about $360.41 Mn) at the end of the day.

Original Story | April 16, 2026, 15:25 IST

Shares of IndiQube Spaces surged as much as 20% during intraday trading today, hitting a high of ₹186.60 on the BSE. The stock later pared some gains and was trading 9.07% higher at ₹169.60 as of 14:30 IST. The company’s market capitalisation stood at ₹3,594 Cr (about $385.14 Mn) at this time. 

The company announced a ₹52 Cr workspace deal with a leading Japanese ecommerce giant, leasing a 35,000 sq ft managed workspace at Outer Ring Road in Bengaluru for a period of five years. However, the company refrained from revealing the client’s name.

The space will support the client’s India operations with a fully managed, enterprise-grade office in one of the country’s key tech hubs.

Last month, IndiQube Spaces signed a significant workspace leasing agreement with a leading Global Capability Centre (GCC) in the healthcare technology space.

The client, whose name wasn’t disclosed, leased 48,000 sq ft of “premium Grade A workspace” along the Outer Ring Road corridor, one of Bengaluru’s most sought-after commercial micro-markets. The deal was valued at around ₹75 Cr over a five-year tenure.

In the same month, IndiQube Spaces also signed a 1,140-seat office leasing agreement with a GCC client in Pune, valued at approximately ₹54 Cr over a five-year period.

Separately, its promoter and promoter group acquired over 1.14 Lakh equity shares from the open market in March. The acquisitions were made by founders Meghna Agarwal (Promoter) and Ashu Agarwal (Promoter Group).

In a disclosure, the company stated that Meghna Agarwal and Ashu Agarwal acquired a total of 1,14,751 equity shares between February 16, 2026, and March 16, 2026. The acquisition represents less than 2% of the company’s total shareholding.

Important to note that shares of other coworking space providers have also been rallying this week even though the broader market trends have remained largely muted. 

Shares of Smartworks Coworking Spaces rose about 3.74% to an intraday high of ₹425.45, while Awfis Space Solutions gained up to 3.50% to touch ₹374.35. Meanwhile, shares of WeWork India jumped 9.36% to hit an intraday high of ₹552.

Overall, Awfis emerged as the top performer this week, posting a sharp rise of around 17.5% between Monday and Thursday. IndiQube Spaces saw a more volatile trend and ended with a modest gain of about 5.8%, even as it gave up some of its Thursday gains. 

Meanwhile, Smartworks Coworking Spaces moved up steadily through the week, closing with a smaller but consistent gain of roughly 3.5%.

In the broader market, benchmark indices saw volatility after a strong start. As of 15:23 IST, the Sensex was trading at 77,971.52, down 133.34 points, while the Nifty stood at 24,237.30, down 34.95 points (0.14%).

Earlier in the day, the Sensex had jumped 619 points to 78,730.32, while the Nifty climbed 169.65 points to 24,400.95, supported by optimism around progress in restarting US-Iran negotiations, which helped cool crude oil prices. 

Fresh foreign fund inflows and positive global cues also lifted market sentiment in early trade.

On the financial front, IndiQube Spaces reported another loss making quarter in December 2025. Its net loss widened 25% to ₹17.1 Cr in Q3 FY26 from ₹13.7 Cr in the previous period. However, its losses narrowed 43% from ₹30 Cr in the previous quarter. Operating revenue rose 45% YoY and 11% sequentially to ₹389.9 Cr. 

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