Abhishek Sinha
Date: October 3, 2025 | Source: Market Desk
WeWork India Management, a leading flexible workspace operator, has opened its much-awaited IPO for subscription on October 3, 2025. The company is offering shares in the price band of ₹615–648 per share, with a minimum bid lot of 23 shares and multiples thereafter. The issue will close on October 7, 2025, aiming to raise around ₹3,000 crore.
IPO Structure and Objectives
The WeWork India IPO is a complete offer-for-sale (OFS) of up to 4.63 crore equity shares, being offloaded by promoter Embassy Buildcon and investor 1 Ariel Way Tenant. Since this is an OFS, the company itself will not receive any direct proceeds from the issue.
- Total Issue Size: ₹3,000 crore
- Lot Size: 23 shares per lot
- Price Band: ₹615–648 per share
- Listing Date: October 10, 2025 (BSE & NSE)
The company has also set aside shares worth ₹3.5 crore for eligible employees, who will get a ₹60 per share discount.
Allocation breakdown:
- QIBs (Qualified Institutional Buyers): 75%
- NIIs (Non-Institutional Investors): 15%
- Retail Investors: 10%
Anchor Investor Participation
Ahead of the IPO, WeWork India raised ₹1,348.26 crore from 67 anchor investors, allocating 2.08 crore shares at ₹648 each.
Some of the big names in the anchor list include:
- Goldman Sachs
- Amundi Funds
- Ashoka Whiteoak
- Allianz Global
- BNP Paribas Financial Markets
- Societe Generale
This strong institutional participation signals confidence in the company’s growth potential.
Company Background & Financials
Founded in 2016 and headquartered in Bengaluru, WeWork India provides flexible workspace solutions such as:
- Custom-designed office spaces
- Enterprise office suites
- Co-working spaces
- Managed private offices
- Hybrid and digital workspace solutions
Financial Performance:
- FY 2024-25: Revenue ₹2,024 crore | Net Profit ₹128.19 crore
- FY 2023-24: Revenue ₹1,737.16 crore | Net Loss ₹135.77 crore
At the upper end of the price band, WeWork India’s market capitalization is estimated at around ₹8,685 crore.
Grey Market Premium (GMP)
As of the latest update, WeWork India IPO is trading at a mild grey market premium (GMP) of ₹15 per share, suggesting a modest listing gain expectation.
Analysts’ View
Brokerage houses have adopted a cautious approach:
- Angel One: Neutral rating – citing that while the company has posted a turnaround with profits in FY25, risks remain given the competitive co-working landscape and past financial volatility.
Other brokerages are expected to release their reviews in the coming days, focusing on valuation, growth potential, and risks of the flexible workspace sector.
Bottom Line
WeWork India IPO brings a well-known global brand to the Indian markets, backed by strong institutional anchors and recent profitability. However, retail investors should carefully evaluate the business risks, high competition, and reliance on office space demand cycles before subscribing.
The IPO may attract interest, but whether it delivers long-term value will depend on the company’s ability to sustain growth in India’s evolving flexible workspace market.
