Sebi has approved IndiQube’s Rs 850 crore IPO, with Rs 750 crore in fresh capital and Rs 100 crore in an offer-for-sale by founders Rishi Das and Meghna Aggarwal. The company plans to use funds for capital expenditure, loan repayment, and corporate activities. ICICI Securities and JM Financial will the Book Running Lead Managers for the IPO.