WeWork India Management IPO received a weak response so far on its final day of bidding, garnering just a 28 per cent subscription, amid multiple criminal cases filed against the company, its directors and promoters by enforcement agencies.
At 12.33 pm, qualified institutional buyers (QIBs) had subscribed 0.30 times, retail investors 0.49 times, while non-institutional investors (NIIs) showed a tepid response at 0.09 times.
According to BSE data, investors placed bids for 71 lakh shares against the total issue size of 2.54 crore shares on offer.
The company mobilised over ₹1,348 crore from anchor investors. The ₹3,000-crore IPO at a price band of ₹615–648 per share, will close today, October 7.
The offering is entirely an OFS of up to 4.63 crore equity shares, through which promoter