By Admin 
Wearork ipo: The IPO of Work Space Operator Wege India is opening for subscription from today. For this, investors will be able to bid till Tuesday, October 7, 2025. This IPO of Rs 3,000 crore is completely OFS. Through this, the company’s promoters are selling 4,37,53,952 shares. That is, the entire share of the amount raised through the IPO will go to the promoters of the company.
Currently, the Promoter Embassy Buildcon LLP of VWWW India has a 73.56 percent stake in the company, while Vwork International has a 22.64 percent stake. Through this issue, Embassy Buildcon will sell 3.54 crore shares, investors are selling 1.089 crore shares.
Company stuck in legal trouble before IPO
Here, even before taking entry in the IPO market, the company is trapped in legal trouble. In fact, an investor named Vinay Bansal has filed a petition in the Bombay High Court alleging that Draft Red Herring Prospects (DRHP) includes several major revelations and misleading statements, including hiding a criminal charge sheet filed for serious economic crimes against promoters. In the petition, SEBI has been demanded to investigate the allegations and stop the IPO from bringing the IPO till the settlement of the writ petition.
Bansal had complained to SEBI, referring to serious flaws in the Vwork’s DRHP, which includes hiding the position of criminal action related to the brand’s ownership, uncertain financial condition and serious economic crimes against many of its major promoters. The Bombay High Court petition also claimed that under Section 11 one of the SEBI Act, SEBI has the right to stop any issue to ensure the safety of investors and the integrity of investors.
When will the allotment of shares be?
The price of IPO has been kept between 615 to 648 rupees per share. Its lot size is of 23 shares. That is, retail investors will have to bid in a lot of at least 23 shares. Issue will be managed by JM Financial, ICICI Securities, Jeffers India, Kotak Mahindra Capital and 360 One WAM, while MUFG will serve as Inteime India Registrar.
The allotment of the shares is expected to be held on October 8, 2025, while the listing may be on October 10, 2025. With this listing, VWWE India Office will become one of the listing companies of this segment amidst increasing demand for flexible workspace in India with space solutions.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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