The IPO comprises an offer-for-sale component consisting of 4.62 crore shares of Rs 10 face value each. (Image: wework.co.in) Show Quick Read Summary is AI Generated. Newsroom Reviewed

WeWork India Management Ltd.'s initial public offering opened for second day of subscription on Monday. The IPO was subscribed 0.04 times on its first day on Friday.

The company aims to raise Rs 3,000 crore through the sale of equity. The IPO opens on Oct. 3 and closes on Oct. 7. The price band for the IPO is set between Rs 615 and Rs 648 per share.

The IPO comprises an offer-for-sale component consisting of 4.62 crore shares of Rs 10 face value each.

Promoter Embassy Buildcon LLP will be selling their shares through the OFS, according to the red herring prospectus, along with investor 1 Ariel Way T

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