India, Oct. 3 -- Coworking space provider WeWork India IPO got off to a slow start, with the public issue subscribed 2% as of 12:15 on the first day of bidding. The IPO received bids for 5.1 Lakh shares against 2.54 Cr shares on offer.

The employees' portion saw the highest subscription at 0.57X, receiving bids for 33K Cr shares against 59K shares on offer.

Retail investors bid for 4.2 Lakh shares against 46.23 Lakh shares on offer, resulting in 0.09X subscription.

Non-institutional investors (NIIs) bid for 55K shares as against 69.35 Lakh shares reserved for them, resulting in a 0.1X subscription. The issue didn't receive any bids from qualified institutional buyers (QIBs).

Ahead of the opening of the public issue, WeWork India raise...