Overview
- Qualified institutional buyers bid 1.79 times their quota, while retail reached 61% and non-institutional investors 23%, per NSE data.
- The Rs 3,000 crore offering was a pure offer-for-sale of about 4.62–4.63 crore shares by Embassy Buildcon LLP and WeWork affiliate 1 Ariel Way Tenant Ltd.
- Price band was Rs 615–648 per share with a lot size of 23; listing is slated for October 10 on BSE and NSE after share credit and refunds on October 9.
- Grey market premium tracked at Rs 0 ahead of listing after peaking near Rs 15 earlier, indicating expectations for a flat opening.
- Advisory firm InGovern urged caution over governance and legal risks and dependence on a WeWork Global license, even as FY25 results showed Rs 1,949 crore revenue and Rs 127 crore profit.