Particle.news
Download on the App Store
21 ARTICLES
·
2h ago

WeWork India IPO Opens With Soft Early Bidding After Strong Anchor Take-Up

The offer is a pure share sale that gives existing owners liquidity rather than funding the company.

Image
WeWork India IPO GMP
Image
Image

Overview

  • The Rs 3,000 crore issue, priced at Rs 615–648 per share, is open Oct. 3–7 with allotment due Oct. 8 and a tentative listing on Oct. 10.
  • The sale covers about 4.62–4.63 crore shares from Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd, so WeWork India will not receive proceeds.
  • By midday on day one, exchange data showed roughly 0.01x–0.02x subscription with no early QIB bids and light retail/NII demand.
  • Ahead of the launch, 2.08 crore shares were placed with 67 anchor investors at Rs 648, raising Rs 1,348.26 crore, including 46.5% to 13 domestic mutual funds.
  • Grey‑market quotes indicated a Rs 15 premium (implying ~Rs 663 listing), as the company highlights FY25 profit of about Rs 128 crore and an upper‑band valuation near Rs 8,685 crore.