Shares of WeWork India Management made a muted stock market debut on Friday, October 10, as the coworking space solutions player was settled at Rs 650 on NSE, a premium of 0.31 per cent over its issue price of Rs 648. Similarly, the stock kicked off its trading session with a discount of 0.23 per cent at Rs 646.50 on BSE. Advertisement
Listing of WeWork has been on the expected lines, Ahead of debut, shares of WeWork India were commanding a no grey market premium (GMP) in the unofficial market, suggesting a weak listing for the investors. The GMP stood around Rs 5 during the bidding phase.
The IPO of WeWork India ran for subscription between October 03-07. It had offered its shares in the price band of Rs 615-648 per share with a lot size of 23 shares. The company raised a total of Rs 3