Indiqube Spaces shares fall 8% after weak market debut. What should investors do?
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Shares of Indiqube Spaces fell nearly 8% to Rs 201.5 on the BSE after a tepid market debut on Wednesday. From its IPO price of Rs 237, the stock has slipped over 15% in early trade. The stock opened at Rs 218.7 on the BSE, marking a 7.7% discount to the issue price, while on the NSE, it debuted at Rs 216, down 8.9%. Sourav Choudhary, Managing Director at Raghunath Capital, said the muted listing reflects investor concerns. “The muted debut of Indiqube Spaces, listing nearly 8–9% below its issue price, clearly reflects market skepticism around valuation and the absence of near-term profitability. For short-term investors, the lack of listing gains and subdued grey market sentiment offer little incentive to enter at current levels.” He added that the company may still hold promise over a longer horizon. Live Events “That said, from a long-term investment lens, Indiqube’s business model remains relevant in a post-COVID world where flexible, ...