India, Oct. 7 -- Update | October 7, 19:11 IST

The IPO of WeWork India closed with an oversubscription of 1.15X after getting lukewarm response from investors on the first two days of bidding. The public issue received bids for 2.92 Cr shares against 2.54 Cr shares on offer.

The employees' portion was the highest subscribed at 1.87X, receiving bids for 1.11 Lakh shares against 59,523 shares on offer.

The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 1.79X, getting bids for 2.47 Cr shares in comparison to 1.38 Cr shares on offer.

The subscription of retail investors ended at 61%. They placed bids for 28.2 Lakh shares as against 46.23 Lakh shares reserved for them.

Meanwhile, non-institutional investors ...