WeWork IPO GMP, Subscription Status Day 2 Live Updates: The IPO of WeWork India enters day 2, it opened on October 3 and will close on October 7. The Rs 3,000 crore issue is entirely an offer for sale (OFS) of 4.63 crore shares. This essentially means there is no fresh issue of shares.
| WeWork India IPO | Key Details |
| Price Band | Rs 615–648 per share |
| IPO Date | October 3-7 |
| GMP | 0.7% |
| IPO Allotment date | October 8 |
| Listing date | October 10 |
The allotment is expected to be finalised on October 8, while the shares will list on both the BSE and NSE on October 10.
Lot size and retail investment details
The lot size for retail investors is 23 shares, requiring a minimum investment of Rs 14,904 at the upper price band. For small non-institutional investors (sNII), the minimum bid size is 14 lots or 322 shares, amounting to Rs 2,08,656, while for big non-institutional investors (bNII), it is 68 lots or 1,564 shares, translating to Rs 10,13,472.
About the company
WeWork is a global provider of flexible workspace solutions. The company helps businesses operate efficiently through modern office spaces, innovative technology services, and hospitality-driven experiences designed to boost productivity and collaboration. WeWork India, a separate entity from its global parent, operates the co-working business in India.
WeWork IPO Subscription day 2 Status Live: Follow Live Coverage on WeWork IPO GMP, Subscription Status, Grey Market Premium, Listing Date, Review and More
WeWork IPO Subscription Status, GMP Live: Size and nature of the issue
The Rs 3,000-crore issue is a complete Offer-for-Sale (OFS). This means that the company itself will not receive any funds from this IPO. All proceeds will go to the existing shareholders, mainly Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd, a WeWork Inc. affiliate.
WeWork IPO Subscription Status, GMP Live: Schedule and listing plan
The WeWork India Management IPO opened for bidding on October 3 and has entered its second day of bidding. The IPO will close its subscription window on October 7.
The tentative listing date is on October 10 and will be listed on both NSE and BSE.