Mumbai: Workspace solutions provider WeWork India Management Limited is facing a muted investor response for its Rs 3,000-crore initial public offering (IPO), amid concerns raised by governance advisory firm InGovern Research Services Private over its weak financials, legal troubles involving promoters, and heavy reliance on the WeWork Global brand.

According to NSE data, the IPO -- which closes for subscription today -- has been subscribed only 16 per cent while writing the article.

Retail investors have subscribed just 46 per cent of their quota, while non-institutional investors and qualified institutional buyers have booked 8 per cent and 9 per cent, respectively.

The sentiment remains sluggish even in the grey market, where shares are trading flat around Rs 648 -- the upper end of

See Full Page