<p>New Delhi: SEBI has put the initial public offering (IPO) of premium flexible workspace operator WeWork India Management Ltd in "abeyance", an update with the markets regulator showed.</p>.<p>The Embassy Group-promoted firm, which filed its draft IPO papers on January 31, planned to offer 4.37 crore shares through an Offer for Sale (OFS) route.</p>.<p>Under the OFS, promoter Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd proposed to offload shares, according to the draft red herring prospectus (DRHP).</p>.PhysicsWallah files draft IPO papers with Sebi via confidential route.<p>Without specifying reasons, SEBI stated that the "issuance of observations (has been) kept in abeyance," according to an update on its website.</p>.<p>In its draft papers, the company stated that the object of the offer is to achieve the benefits of listing the equity shares on the stock exchanges.</p>.<p>Launched in 2017, WeWork India Management is a leading premium flexible workspace operator in the country. It provides flexible, high-quality workspaces to customers, which include companies of all sizes -- large enterprises, small and mid-size businesses, startups, as well as individuals.</p>.<p>It leases primarily Grade A office space from leading developers across Tier 1 cities and design, build, and operates them as flexible workspaces.</p>.<p>WeWork India has played a significant role in the growth of the flexible workspace sector in India and has been a key contributor to the evolution of flexible workspace products and services.</p>.<p>JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital Company and 360 ONE WAM are responsible for managing the public issue.</p>
<p>New Delhi: SEBI has put the initial public offering (IPO) of premium flexible workspace operator WeWork India Management Ltd in "abeyance", an update with the markets regulator showed.</p>.<p>The Embassy Group-promoted firm, which filed its draft IPO papers on January 31, planned to offer 4.37 crore shares through an Offer for Sale (OFS) route.</p>.<p>Under the OFS, promoter Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd proposed to offload shares, according to the draft red herring prospectus (DRHP).</p>.PhysicsWallah files draft IPO papers with Sebi via confidential route.<p>Without specifying reasons, SEBI stated that the "issuance of observations (has been) kept in abeyance," according to an update on its website.</p>.<p>In its draft papers, the company stated that the object of the offer is to achieve the benefits of listing the equity shares on the stock exchanges.</p>.<p>Launched in 2017, WeWork India Management is a leading premium flexible workspace operator in the country. It provides flexible, high-quality workspaces to customers, which include companies of all sizes -- large enterprises, small and mid-size businesses, startups, as well as individuals.</p>.<p>It leases primarily Grade A office space from leading developers across Tier 1 cities and design, build, and operates them as flexible workspaces.</p>.<p>WeWork India has played a significant role in the growth of the flexible workspace sector in India and has been a key contributor to the evolution of flexible workspace products and services.</p>.<p>JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital Company and 360 ONE WAM are responsible for managing the public issue.</p>