India, July 18 -- Coworking major IndiQube has set a price band of INR 225 to INR 237 per share for its initial public offering (IPO) that will open for subscription on July 23 and close on July 25.

The issue will open for anchor investor bidding on July 22, with the company expected to list on the bourses on July 30.

In an IPO press conference today, IndiQube said 75% of the IPO offer will be reserved for qualified institutional investors (QIBs), 15% for non-institutional investors (NIIs) and the remaining 10% for retail investors.

A retail investor would need INR 14,931 to bid for the minimum lot size of 63 shares of the company's IPO.

The post issue implied market capitalisation of the company will be in the range of INR 4758 Cr to...