Overview

• The company allotted 2.08 crore shares to 67 anchor investors at Rs 648 each, with domestic mutual funds taking 46.52% of the anchor book and ICICI Prudential Technology Fund receiving the largest single slice at 6.69%.
• The public offer is a pure offer-for-sale of about 4.62–4.63 crore shares, with proceeds going to selling shareholders Embassy Buildcon LLP and WeWork Global affiliate 1 Ariel Way Tenant Ltd.
• Subscription runs from October 3 to October 7 with 75% reserved for QIBs, 15% for non-institutional investors, and 10% for retail; the minimum retail lot is 23 shares.
• Share allotment is expected on October 8 with a tentative listing on the NSE and BSE around October 10, according to exchange and company disclosures.
• WeWork India is the exclusive licensee of the brand in India and a leading flexible workspace operator, though disclosures flag a promoter named in an ED proceeding under the PMLA as a legal risk.