IndiQube Spaces shares jump over 6% on Friday as it signs ₹54 crore workspace deal with GCC client

By Samira Vishwas On Mar 22, 2026

Shares of IndiQube Spaces surged over 6% in Friday’s session after the company announced a new leasing agreement with a global capability centre (GCC) client in Pune. The development highlights continued demand for managed workspace solutions, particularly from multinational GCCs.

On Thursday, March 19, IndiQube Spaces said it has signed a workspace leasing agreement with a leading GCC client. As part of the deal, the client has taken up 1,140 seats at IndiQube Orchid, spread across multiple floors. The agreement is valued at approximately Rs 54 crore over a tenure of five years, according to the company’s exchange filing.

The transaction reflects the growing scale and requirements of GCCs, which are increasingly becoming key drivers of demand in India’s flexible workspace segment.

Management commentary

Rishi Das, Co-founder of IndiQube, stated that GCCs have evolved into strategic hubs that drive innovation and deliver global outcomes. He noted that nearly 40% of the company’s client portfolio now comprises GCCs, indicating a strong shift towards outsourced workspace solutions.

Meghna Agarwal, Co-founder of IndiQube, highlighted that the workspace has been designed to align with the client’s global operating needs. The facility integrates labs, server rooms, collaborative hubs, focused work bays, phone booths, and training zones within a single workplace environment.

Stock performance

As of Friday, March 20, IndiQube Spaces shares were trading at Rs 155.89, up 6.49% for the day, positioning the stock among the top gainers in early trade.

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