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WeWork India IPO opens to slow start, subscribed 4% on first day
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The WeWork India IPO opened to a tepid response. The Rs 3,000 crore issue was booked only 4% at the end of bidding on the first day. Investors placed bids for 11.12 lakh shares, compared to the 2.54 crore shares on offer.
The stock was trading at Rs 653 in the grey market, a premium of 0.77% over the upper limit of the price band, indicating limited investor interest. Please note that the grey market premium is an informal indicator of how the stock might perform on listing day and can be highly volatile.
How investors played
Retail investors subscribed…
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