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WeWork India sets price band for ₹2,300cr IPO
Business
WeWork India just dropped the details for its big IPO—shares will be priced between ₹615 and ₹648 each.
The subscription opens this Friday (October 3) and runs till Tuesday (October 7), with anchor investors getting first dibs on Wednesday, October 1.
Retail investors get up to 10% of the offer
At least 75% of shares are set aside for big institutional investors, while retail buyers get up to 10%.
Employees have a chunk reserved too, and you'll need to buy in lots of 23 shares.
WeWork India hopes this move will help them expand.