WeWork India IPO GMP, Allotment Status Highlights: The WeWork India IPO listing date has been confirmed on schedule, October 10. The three-day bidding window for the Rs 3,000 crore IPO closed on October 7, with a 1.15 times overall subscription. The issue was launched on October 3.
Focus now shifts to IPO allotment
The refunds were in the process of being initiated today, October 9, and the company’s shares will be listed on October 10 on both the BSE and NSE.
| WeWork India IPO | Key Details |
| Price Band | Rs 615–648 per share |
| IPO Date | October 3-7 |
| GMP | 0% |
| IPO Allotment date | October 8 |
| Listing date | October 10 |
Anchor investors lead the charge
Before opening for the public, WeWork India raised Rs 1,348 crore from anchor investors. However, given that the IPO was entirely an Offer for Sale (OFS), the company itself will not receive any proceeds from the listing.
The funds will go to shareholders diluting stake- Embassy Buildcon LLP and 1 Ariel Way Tenant, a part of WeWork Global.
About the Company
Founded in 2017, WeWork India operates as the licensed Indian arm of the global WeWork brand. Backed by the Embassy Group, it manages 77 lakh sq. ft. of co-working space across major Indian cities like Bengaluru, Mumbai, Gurugram, and Hyderabad, with over 1 lakh desks and a workforce exceeding 500 employees.
WeWork India IPO Allotment Status Highlights: Follow Coverage on WeWork India IPO GMP, Allotment Status, Grey Market Premium, Listing Date, Review and More
WeWork India IPO Allotment Status, GMP Live: Subscription status on Day 3
By the end of the final day, the IPO received bids for 2.92 crore shares against 2.54 crore shares on offer, translating to a 1.15 times subscription. The Qualified Institutional Buyers (QIBs) category led the demand with 1.79 times subscription. Meanwhile, the Retail Individual Investors (RIIs) segment was subscribed 61%, and Non-Institutional Investors (NIIs) saw a turnout at 23%.
WeWork India IPO Allotment Status, GMP Live: Subscription wraps up
The three-day bidding process for WeWork India Management Ltd’s Rs 3,000 crore IPO came to a close on October 7, after opening for public subscription on October 3. The issue was entirely an Offer for Sale (OFS).