WeWork India IPO opens to slow start, subscribed 4% on first day

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The WeWork India IPO opened to a tepid response. The Rs 3,000 crore issue was booked only 4% at the end of bidding on the first day. Investors placed bids for 11.12 lakh shares, compared to the 2.54 crore shares on offer.

The stock was trading at Rs 653 in the grey market, a premium of 0.77% over the upper limit of the price band, indicating limited investor interest. Please note that the grey market premium is an informal indicator of how the stock might perform on listing day and can be highly volatile.

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WeWork India IPO opens to slow start, subscribed 4% on first day



The WeWork India IPO opened to a tepid response. The Rs 3,000 crore issue was booked only 4% at the end of bidding on the first day. Investors placed bids for 11.12 lakh shares, compared to the 2.54 crore shares on offer.

The stock was trading at Rs 653 in the grey market, a premium of 0.77% over the upper limit of the price band, indicating limited investor interest. Please note that the grey market premium is an informal indicator of how the stock might perform on listing day and can be highly volatile.

How investors played

Retail investors subscribed…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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