India, April 1 -- All decks have been cleared for IndiQube's public listing as the Securities and Exchange Board of India (SEBI) has greenlit the coworking space startup's plan for its initial public offering (IPO) worth INR 850 Cr (around $99.33 Mn).

As per SEBI's website, IndiQube received the observation letter from the markets regulator on March 24. In SEBI's parlance, issuance of an observation letter implies approval for the public offering.

The company kicked off its IPO process in December last year by converting into a public entity and filing its DRHP in the same month.

The proposed public issue will comprise a fresh issue of up to INR 750 Cr and an offer for sale (OFS) component aggregating up to INR 100 Cr. Promoters and co...