Co-working major WeWork India will open its initial public offering (IPO) for subscription on Friday, 3 October, with a price band of Rs 615-Rs 648 per share. The issue, a pure offer for sale (OFS), aims to raise between Rs 2,847 crore and Rs 3,000 crore. Retail investors can bid for a minimum lot of 23 shares, amounting to Rs 14,904 per lot. Advertisement

75% of the shares are reserved for qualified institutional buyers (QIB), and 15% for non-institutional investors (NII). The allotment will be finalised on 8 October, and listing is expected on the National Stock Exchange and Bombay Stock Exchange on 10 October. JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM are the book running lead managers.

The IPO involves only existing shareholders selling

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