WeWork India Management Ltd. makes a weak debut on the bourses with scrip got listed at Rs 646.50 on the Bombay Stock Exchange, a 0.23 per cent discount to its issue price of Rs 648.00. On the National Stock Exchange, the stock was listed at Rs 650.00.
The company, which raised 4.63 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 462.96 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Oct 03 to Oct 07.
Following a weak opening, the scrip touched an intraday high of Rs 649.45 and a low of Rs 615.00, before closing the session up by 3.58 per cent to its listing price at Rs 624.75 on the BSE.
The company anticipates using the proceeds of the issue for .
KOTAK MAHINDRA CAPITAL COMPANY LTD,Jefferies India Pvt. Ltd.,JM Financial Ltd.,360 ONE WAM Ltd.,ICICI Securities Ltd as lead managers & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 82,500.82, up 328.72 points, or 0.40 per cent.