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1h ago

WeWork India Sets IPO Price Band for Oct. 3 Launch

The listing is a pure offer for sale designed to give existing investors liquidity rather than raise new funds.

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WeWork India IPO | Image: WeWork
IPO

Overview

  • Price band is set at Rs 615–648 per share for an offer aggregating up to about Rs 3,000 crore.
  • Embassy Buildcon and WeWork Global affiliate 1 Ariel Way Tenant will sell shares, with proceeds of up to Rs 2,294 crore and Rs 706 crore respectively at the top end.
  • Anchor book opens on Oct. 1, the public offer runs Oct. 3–7, allotment is slated for Oct. 8, credit on Oct. 9, and listing on the BSE and NSE on Oct. 10.
  • The issue comprises an OFS of over 4.6 crore shares, and WeWork India will not receive any funds from the sale.
  • Minimum bid is one lot of 23 shares (Rs 14,904 at the lower band), with JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM as lead bankers.