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WeWork India IPO subscription enters Day 2; issue subscribed 4% on opening dayThe ₹3,000 crore public issue, which opened on October 3 and will close on October 7, was subscribed 4% on its debut day, according to data available on the exchanges.By CNBCTV18.com October 6, 2025, 11:08:14 AM IST (Published)2 Min ReadWeWork India Management Ltd.’s initial public offering (IPO) entered its second day of subscription on Monday, October 6, after witnessing a muted response on its opening day.

The ₹3,000 crore public issue, which opened on October 3 and will close on October 7, was subscribed 4% on its debut day, according to data available on the exchanges.

The IPO is entirely an offer for sale (OFS) of 4.63 crore equity shares, carrying a face value of ₹10 each. This means no fresh shares are being issued and the company will not receive any proceeds from the offer. Instead, the funds raised will go to the selling shareholders.

Promoter Embassy Buildcon LLP and investor Ariel Way Tenant are offloading their stake in the company via the OFS, as stated in the red herring prospectus.

The price band for the IPO has been fixed between ₹615 and ₹648 per share, valuing the total issue size at ₹3,000 crore at the upper end.

Retail investors can bid for a minimum of one lot comprising 23 shares, translating to an investment of ₹14,904 at the upper price band.

Small non-institutional investors (NIIs) are required to bid for at least 14 lots (₹2,08,656), while big non-institutional investors need to apply for a minimum of 68 lots, amounting to ₹10,13,472.

Grey Market Premium

According to IPO tracking platform Investorgain.com, WeWork India shares were commanding a grey market premium (GMP) of ₹5 as of 9.30 a.m. on Monday. This indicates an estimated listing price of ₹653, reflecting a modest 0.77% premium over the upper IPO price of ₹648.

However, market observers caution that GMP figures are unofficial and speculative and may not accurately predict the stock’s performance upon listing.

About the Company

WeWork India is a leading provider of premium flexible workspaces in the country, catering to enterprises, startups, and professionals seeking modern office solutions. According to a report by CBRE, the company holds a strong position in India’s growing flexible workspace segment.

As the IPO progresses into its final days, investor interest and subscription levels across retail and institutional categories will be closely watched to gauge the market’s appetite for the country’s top coworking brand.

Also Read: Tata Capital IPO opens for subscription today — Should you subscribe to the largest IPO of 2025?Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsshare market todayWeWorkWeWork IndiaWeWork IPO