WeWork India Management IPO price band has been fixed in the range of ₹615 to ₹648 per equity share of the face value of ₹10. The WeWork India IPO date of subscription is scheduled for Friday, October 3, and will close on Tuesday, October 7. The allocation to anchor investors for the WeWork India IPO is scheduled to take place on Wednesday, October 1.
The floor price is 61.5 times the face value of the equity shares, and the cap price is 64.8 times the face value of the equity shares. The WeWork India IPO lot size is 23 equity shares and in multiples of 23 equity shares thereafter.
WeWork India IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors. The employee portion has been reserved upto 35 million.
Tentatively, WeWork India IPO basis of allotment of shares will be finalised on Wednesday, October 8, and the company will initiate refunds on Thursday, October 9, while the shares will be credited to the demat account of allottees on the same day following refund. WeWork India share price is likely to be listed on BSE and NSE on Friday, October 10.
(more to come)