India, Oct. 6 -- Update | October 6, 18:30 IST

WeWork India's IPO continued to get lukewarm response on Day 2 and was subscribed a mere 13% compared to 4% subscription on Day 1. The issue received bids for 34.2 Lakh shares against 2.54 Cr shares on offer.

The employees' quota was the only segment oversubscribed at 1.4X, receiving bids for 85,445 shares against 59,523 shares on offer.

Retail investors' participation, which stood at 14% on Day 1, rose to 37% by the end of Day 2. They placed bids for 17.1 Lakh shares against 46.23 Lakh shares reserved for them.

Meanwhile, non-institutional investors (NIIs) and qualified institutional buyers (QIBs) continued muted participation, with their quota subscribed 6% and 9%, respectively. The NII...