Indiqube Spaces Reports 25-35% Deviation In IPO Proceeds, ₹340.59 Crore Unutilized

CRISIL reported a 25–35% deviation from IPO objects, with shareholder-approved reallocation reducing new-centre capex allocation to Rs2,756.49 million and adding security deposits, non-Indiqube fit-outs, renewable infrastructure and strategic real estate. Total utilization reached Rs3,094.11 million, leaving Rs3,405.88 million unutilized; implementation was delayed due to lower operational requirements.