Wework India Management Ltd - IPO

Wework India Management Ltd IPO Details

Initial public offering of up to 46,296,296 equity shares bearing face value of Rs. 10/- each (the Equity Shares) of Wework India Management Limited (Company or Issuer) for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share (the Offer Price) aggregating to Rs. [*] crores through an offer for sale (the Offer) of up to 35,402,790 equity shares by the promoter selling shareholder aggregating to Rs. [*] crores and up to 10893,506 equity shares by the investor selling shareholder aggregating to Rs. [*] crores (Collectively, the Selling Shareholders) (the Offer for Sale and such Equity Shares, the Offered Shares).The offer includes a reservation of up to [*] equity shares of face value of Rs. 10/- each, aggregating to Rs. [*] crores (Constituting up to [*] % of the Post Offer Paid-up Equity Share Capital of the Company for Subscription by Eligible Employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The offer and the net offer shall constitute [*] % and [*] %, respectively, of the post-offer paid-up equity share capital of its company. The company may, in consultation with the brlms, offer a discount of Rs. [*] on the offer price to eligible employees bidding in the employee reservation portion (Employee Discount).Price Band: Rs. 615/- to Rs. 648/- for equity share of face value of Rs. 10 each.The floor price is 61.50 times times the face value and cap price is 64.80 times of the face value of the equity shares.Bids can made for a minimum of 23 equity shares and in multiples of 23 equity shares thereafter.A discount of Rs. 60 per equity share is being offered to eligible employees bidding in the employee reservation portion

Objective of issue

Listing the equity shares on the stock exchanges.

Wework India Management Ltd Contact Details

Wework India Management Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cswwi@wework.co.in

Website - https:, wework.co.in