The much-talked-about WeWork India IPO opens on October 3. The Rs 3,000 crore issue is entirely an offer for sale, and the bidding for the IPO will close on October 7. The issue price band is set between Rs 615-648 per share.
The proceeds of the issue will go directly to the shareholders, diluting their stake, but one of the key objectives of the public issue is to enhance its visibility and brand and provide liquidity to its existing shareholders. Moreover, the listing is expected to provide a public market for the equity shares in India.
Here is a look at some of the lesser-known facts about the WeWork IPO before you decide to subscribe.
WeWork India IPO: The Embassy Group connection
WeWork India shares a strategic relationship with the Embassy Group. It is a leading real estate de