Tag: Ariel Way Tenant Ltd

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WeWork India IPO Closes at 1.15x Subscribed on Final Day

NEW DELHI: The initial public offering (IPO) of WeWork India Management Ltd was successfully subscribed 1.15 times on the final day of the sale, thanks in large part to institutional investors. The IPO, valued at Rs 3,000 crores, received bids for 2,92,68,328 shares against 2,54,89,748 shares on offer, as reported by NSE data. In the Qualified Institutional Buyers (QIBs) category, the subscription rate reached 1.79 times, while the Retail Individual Investors (RIIs) segment drew 61% interest. The non-institutional investors’ portion saw a subscription of 23%. WeWork India has secured over Rs 1,348 crores from its anchor investors. The company’s issue…

CommercialLatest Stories

WeWork IPO Sees 4% Subscription on Opening Day

NEW DELHI: WeWork India Management Ltd’s initial public offering (IPO) saw a 4% subscription on its opening day of share sales on Friday. The IPO attracted bids for 1,110,440 shares, compared to the 25,489,748 shares available, according to NSE data. The retail individual investors’ (RII) segment was subscribed at 14%, while both the qualified institutional buyers and non-institutional investors’ segments saw subscriptions of 2% each. WeWork India has secured over Rs 1,348 crore from anchor investors. The company’s Rs 3,000-crore issue will close on October 7, with a price band set between Rs 615 and Rs 648 per share, which…

CommercialLatest Stories

WeWork India Reports ₹14.14 Crore Loss Ahead of IPO

NEW DELHI: WeWork India, a major player in co-working spaces, is set to launch its Initial Public Offering (IPO) this week. The company has reported a loss of Rs 14.14 crore for the first quarter of this fiscal year, despite an increase in revenue, driven by robust office demand. The loss in the same quarter last year was Rs 29.17 crore. WeWork India’s revenue from operations rose by 19% to Rs 535.31 crore in the April-June quarter, compared to Rs 448.65 crore during the same period last year, as indicated in the latest Red Herring Prospectus (RHP) submitted to SEBI.…

CommercialLatest Stories

WeWork India sets ₹615-648 price band for ₹3,000 crore IPO

NEW DELHI: WeWork India has set a price band of Rs 615 to Rs 648 per share for its Rs 3,000 crore initial public offering (IPO), scheduled to launch on October 3 and conclude on October 7. Bidding for anchor investors will start on October 1. At the upper end of the pricing, the company’s valuation is approximately Rs 8,685 crore. This IPO consists entirely of an Offer-for-Sale (OFS) of up to 4.63 crore equity shares, with the promoter group, Embassy Buildcon LLP, and investor Ariel Way Tenant Ltd (a part of WeWork Global) relinquishing their shares. Embassy Group currently…

CommercialLatest Stories

WeWork India to Launch ₹3,000 Crore IPO on October 3

NEW DELHI: WeWork India is set to launch its initial public offering (IPO) on October 3, with estimates suggesting an issue size of nearly Rs 3,000 crore. The offering will close on October 7, with anchor investor bidding opening for a day on October 1, according to the red herring prospectus (RHP). The proposed IPO consists entirely of an Offer for Sale (OFS) of up to 4.63 crore equity shares, with promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) slated to offload the shares. Since this is an OFS, WeWork India…