India, July 17 -- On the day of Smartworks' listing, its competitor IndiQube filed its red herring prospectus (RHP) for its IPO. The managed workplace solutions provider's public issue will open on July 23 and close on July 25.

Like three new-age tech companies that have gone public so far this year, IndiQube has also reduced its issue size by INR 150 Cr. The company has slashed its fresh issue size by INR 100 Cr to INR 650 Cr and the offer for sale (OFS) component has been halved to INR 50 Cr. The founders of the company, Rishi Das and Meghna Agarwal, are the only selling shareholders in the issue.

IndiQube plans to utilise INR 462.6 Cr from the net proceeds from the fresh issue to establish new centres, INR 100 Cr to repay certain bor...