Shares of WeWork India Management settled 3 per cent below the offer price of ₹648, following its muted entrance in the stock market.
On the NSE, it ended at ₹628.65 after listing at ₹650 and moderating between ₹614.25 and ₹650.15 in today’s trading session.
The stock closed at ₹624.75 on the BSE after listing at ₹646.50, down by 0.23 per cent from the issue price.
The tepid debut underscores the cautious stance of investors, especially in light of concerns over the company’s valuation, governance issues, and uncertain earnings visibility.
In the near term, performance may hinge on how well WeWork India demonstrates sustained profitability, control over its cost structure, and clarity in corporate governance.
According to Khushi Mistry, Research Analyst at Bonanza, the flat shadowed h