WeWork India IPO Day 3: Global subscription still 42%, GMP Flat

The three -day initial public offer from WeWork India Ltd. (IPO) has received a moderate response so far, with only 42% of the problem of 3,000 sterling books to see the last day of tenders.

Investors have only placed offers for 1.07 stocks, compared to the 2.54 stocks proposed during the IPO.

Of the 46.23 LAKH shares allocated to retail investors, only 23.04 LAKH shares have been taken out, so far. Retail investors could teach for a batch of 23 shares, which represents a minimum investment of 14,904 ₹ per lot.

Meanwhile, qualified institutional buyers bought 76.5 Lakh from the total of 1.38 borne of shares allocated. Non -institutional investors (NIIS) bought a total of 6.5 LAKH shares from the 69.35 shares allocated Lakh. WeWork India’s actions were negotiated in the markets not listed with a gray market bonus, it should be noted that these are speculative rates and that the actual list could be very different from the gray market premium.

The WEWOROR INDIA IPO of 3,000 ₹ ₹ is a pure sales offer (OFS), which means that the Indian entity will not receive any product from the issue.

Its promoter Embassy Buildcon LLP sells its shares in the IPO, with the existing investor Ariel Way holding Ltd., an international WeWork unit.

The award will be finalized on October 8 and the shares will be listed on the Bombay Stock Exchange and the National Stock Exchange on Friday, October 10.

For the first quarter of fiscal 2026, the company’s revenues increased 19.3% from last year to 535.3 Sterling books, while net loss has shrunk at 14.1 crores of ₹, against 29.1 crore of ₹ last year. Its adjusted Ebitda margin also shrunk at 18% to 21.7% last year.

WeWork India was launched in 2017 as a flexible workspace operator. It now has 68 operational centers across the country, with a capacity of 1.14 Lakh offices in eight cities. Bengaluru (46.1%) and Mumbai (23.93%) represent almost 70%of the overall capacity.