Tag: WeWork IPO

CommercialLatest Stories

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 13% Subscription on Day Two

NEW DELHI: The initial public offering (IPO) of WeWork India Management Ltd, a co-working space operator, has seen a 13% subscription rate by the second day of the share sale on Monday. According to NSE data, the IPO has received bids for 3,423,780 shares out of the 25,489,748 shares offered. In terms of investor categories, the Retail Individual Investors (RIIs) segment has been subscribed at 37%, while the Qualified Institutional Buyers (QIBs) and non-institutional investor quotas received 9% and 6% subscriptions, respectively. WeWork India has raised over ₹1,348 crore from anchor investors. The ₹3,000 crore issue will close on Tuesday,…

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…