New Delhi, Oct. 6 -- The initial public offering (IPO) of WeWork India Management opened for subscription on October 3. The issue received a tepid response from investors on the first day of bidding.

The company ranks among India's top premium flexible workspace providers. Its model revolves around leasing properties from landlords, carrying out fit-outs, and converting them into fully managed, modern, tech-enabled, and efficient office spaces for its members.

The bidding of WeWork IPO will begin at 10:00 am on Monday, October 6.

On the first day of bidding, the issue was subscribed just 4 per cent. The retail segment was subscribed 15 per cent, while demand from Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QI...