WeWork India Makes Tepid Debut on NSE and BSE Amid Weak Investor Sentiment

WeWork India Management Ltd had a subdued stock market debut on October 10, reflecting muted investor enthusiasm for its initial public offering (IPO)

WeWork India shares were listed at ₹632 on the BSE, marking a 2.47% discount to the IPO issue price of ₹648. However, on the NSE, the stock opened slightly higher at ₹650, translating to a modest premium of 0.31%.

WeWork India IPO Subscription Highlights

The IPO, open for subscription from October 3 to October 7, was subscribed 1.15 times overall. Interest was largely driven by Qualified Institutional Buyers (QIBs), who oversubscribed their portion by 1.79 times. Non-Institutional Investors (NIIs) showed limited enthusiasm, with just 23% subscription, while retail investors subscribed to 61% of their allotted quota.

WeWork India IPO Structure & Pricing

The ₹3,000 crore issue was entirely an offer-for-sale (OFS) of 4.63 crore equity shares, with no fresh issue component. The IPO was priced in a band of ₹615 to ₹648 per share, and investors were required to bid for a minimum lot size of 23 shares. At the upper end of the price band, the minimum investment from retail participants stood at ₹14,904.

Also Read: LG Electronics India Makes IPO History with Record ₹4.4 Lakh Crore in Subscriptions

Conclusion

Despite the brand recognition and institutional backing, the lukewarm listing suggests cautious investor sentiment amid volatile market conditions and limited short-term upside perceived in the offering.

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