Diwali is often seen as that time of the year when many investors set aside money for new investments. With WeWork India’s IPO opening today (October 3), the question many might be considering – should this be their big bet ahead of Diwali?

The flexible workspace operator is set to raise Rs 3,000 crore, here are five key factors to keep in mind before you apply.

WeWork India IPO: It is an OFS, not fresh money

WeWork India’s Rs 3,000 crore IPO is entirely an offer for sale (OFS). That means no fresh funds will come into the company.

Existing shareholders will sell part of their stakes. Embassy Buildcon LLP, the promoter, plans to offload 3.54 crore shares. Similarly, WeWork International will sell 1.089 crore shares.

Embassy Buildcon currently holds 73.56% of the company, and WeWork

See Full Page