India, July 23 -- Bengaluru-based managed workspace provider IndiQube Spaces Ltd is gearing up for a nationwide expansion and is looking to take its total area under management (AUM) to 11.47 Mn sq ft by FY28.

The company, whose IPO is set to open tomorrow, plans to deploy INR 462.6 Cr from the fresh issue proceeds towards scaling its flexible workspace portfolio across India.

The company aims to add 3 Mn sq ft of flexible workspace through new centres over the next three fiscal years. Bengaluru alone is expected to account for 1.79 Mn sq ft of this additional growth, pushing IndiQube's footprint in the city to 7.22 Mn sq ft.

The phased expansion will see the addition of 1.29 Mn sq ft of managed workspace in FY26, 1.24 Mn sq ft in FY27...