WeWork India IPO Allotment Status, GMP LIVE: WeWork India IPO Allotment Out Soon – Time, status check link, and next key dates – IPO News
WeWork India IPO GMP, Allotment Status Live Updates: Its finally allotment time for the WeWork India IPO. 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
The Qualified Institutional Buyers (QIBs) segment was subscribed 1.79 times, while the retail portion was booked at just 61%. The Non-Institutional Investors (NII) category saw a demand at 23%.
Focus now shifts to IPO allotment
Investors now await the share allotment, which is expected to be finalised today, October 8. The company’s shares are likely to 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.
Live Updates
WeWork India IPO Allotment Status Live: Follow Live Coverage on WeWork India IPO GMP, Allotment Status, Grey Market Premium, Listing Date, Review and More
WeWork India IPO Allotment Status, GMP Live: Allotment date and process
Investors are now awaiting the IPO allotment, which is expected to be finalised today October 8. Once allotments are processed, investors can check their application status online through the BSE website, NSE portal, or via the registrar MUFG Intime India Pvt Ltd using their PAN, DP/Client ID, or application number.
WeWork India IPO Allotment Status, GMP Live: OFS – No fresh funds for the company
Since this IPO did not include a fresh issue of shares, WeWork India will not gain any new capital from the offer. The entire proceeds will go to the promoters – Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd, an entity associated with WeWork Global.
WeWork India IPO Allotment Status, GMP Live: Anchor investment ahead of the IPO
Before opening for public bidding, WeWork India raised around Rs 1,348 crore from anchor investors. However, as the IPO was an OFS, the proceeds will not flow to the company but instead to its selling shareholders.
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).
Source: www.financialexpress.com