WeWork India IPO Sees Muted Subscription on Day 2; Retail Interest Outpaces Institutions | Stock Market Today

Market Mood Around the Listing

The broader stock market today may be witnessing its own momentum, but all eyes are also tracking fresh listings  and one of the most-watched offerings right now is the WeWork India IPO.

However, despite the buzz around co-working and flexible office spaces, the IPO numbers on Day 2 suggest moderate traction so far.

Subscription Status on Day 2

As of October 6, the WeWork India IPO was subscribed 8% in total. Here’s how the bidding activity stacked up across investor categories:

• Retail Investors: 28% subscription
• Employees’ Quota: Fully booked
• Non-Institutional Investors (NII): 4% subscription
• Qualified Institutional Buyers (QIB): 2% subscription

In absolute terms, the Rs 3,000-crore IPO attracted bids for over 19 lakh shares, against a total offer size of 2.55 crore shares on the NSE at 11:45 am.

IPO Structure and Offer Breakdown

The public issue is structured entirely as an Offer for Sale (OFS) of up to 4.63 crore equity shares, meaning all proceeds will go directly to the existing shareholders rather than the company.

Key offer details at a glance:

• Issue Size: Rs 3,000 crore
• Price Band: Rs 615–648 per share
• Retail Lot Size: Minimum 23 shares, requiring an investment of Rs 14,904
• Issue Open: October 3 to October 7

Following the bidding period, share allotments are expected by October 8, while the listing is scheduled for October 10.

Anchor Investor Participation

Before opening to the public, the company raised Rs 1,348.26 crore through its anchor book on October 1. Multiple global and domestic investment institutions participated in this anchor round, setting the tone for the issue launch.

Summary

The WeWork India IPO has drawn attention due to its positioning in the premium flexible workspace segment. While initial subscription figures show retail investors taking the lead, institutional investors appear to be taking a wait-and-watch approach for now.

With the subscription window still open till October 7, market sentiment in the next 24–48 hours will determine how aggressively the offer eventually fills up.