Overview

• The offer was subscribed 13% at the end of Day 2, with retail at 37%, QIBs at 9% and NIIs at 6%, according to NSE data.
• The grey-market premium fell to zero on Oct. 7, indicating expectations of a flat listing, which is an informal sentiment indicator.
• The issue is a pure offer-for-sale of about 4.62–4.63 crore shares priced at Rs 615–648, with subscriptions open Oct. 3–7, allotment due Oct. 8 and listing slated for Oct. 10 on BSE and NSE.
• Shares are being sold by promoter Embassy Buildcon LLP and WeWork Global affiliate 1 Ariel Way Tenant Ltd, after placing about 2.08 crore shares with anchor investors to raise roughly Rs 1,348 crore.
• WeWork India reported FY25 revenue of around Rs 1,949 crore and a profit of about Rs 127 crore, and it frames the listing as a visibility and liquidity exercise.