Get App
WeWork India IPO is a bookbuilt issue of Rs 3000.00 crore. This issue is entirely an offer for sale of 4.63 crore shares with no fresh issue.
The IPO opens for subscription on October 3, 2025, and closes on October 7, 2025. The allotment is expected to be finalized on Wednesday, October 8, 2025. The price band for the IPO is set at ₹615 to ₹648 per share, and the minimum lot size for an application is 23 shares.
Company Summary
Incorporated in 2017, WeWork India Management Limited is a flexible workspace operator in India.
The organisation provides a comprehensive array of flexible workspace solutions, encompassing custom-designed buildings, floors and offices, enterprise office suites, tailored managed offices, private offices, co-working spaces, and hybrid digital solutions.
The company provides flexible, high-quality workspaces for clients or members. The company’s clientele includes large enterprises, small businesses, startups, and professionals.
As of June 30, 2025, we had 68 Operational Centres with 114,077 Desks Capacity in Operational Centres across eight cities in India, of which Bengaluru and Mumbai contributed a significant portion of our Net Membership Fees in these periods/years.
The company’s clients include Amazon Web ServicesIndia Private 227 Limited, JP Morgan Services India Private Limited, Discovery Communications India, Deutsche Telekom Digital Labs Private Limited, CBA Services Private Limited, and Grant Thornton Bharat LLP.
As of June 30, 2025, the company has 583 employees.
Company Strengths
- Category-defining, aspirational brand, with strong international branding.
- Leadership in a rapidly growing market.
- Backed by the Embassy Group, one of India’s top developers, and relationship with WeWork Global, a global flexible workspaces operator.
- Presence in Grade A properties in top-tier micro markets and strong relationships with top developers.
- An extensive range of products and services in the industry.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 5,391.67 | 4,482.76 | 4,414.02 |
| Total Income | 2,024 | 1,737.16 | 1,422.77 |
| Profit After Tax | 128.19 | -135.77 | -146.81 |
| EBITDA | 1,235.95 | 1,043.79 | 795.61 |
| Net Worth | 199.7 | -437.45 | -292.11 |
| Reserves and Surplus | 65.68 | -634.75 | -346.92 |
| Total Borrowing | 310.22 | 625.83 | 485.61 |
| Amount in ₹ Crore | |||
Objectives of IPO
The Company will not receive any proceeds from the Offer. All Offer Proceeds shall be received by the Selling Shareholder after the deduction of Offer-related expenses and applicable taxes, which shall be the responsibility of the Selling Shareholders.
Promoters of the company
The company’s promoters are Jitendra Mohandas Virwani, Karan Virwani, and Embassy Buildcon LLP.
IPO Details
| IPO Date | October 3, 2025 to October 7, 2025 |
| Listing Date | October 10, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹615 to ₹648 per share |
| Lot size | 23 shares |
| Total Issue size | 4,62,96,296 shares (aggregating upto ₹3000.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 13,40,23,259 shares |
| Share Holding Post Issue | 13,40,23,259 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 2 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Up to Rs 2 lakhs (In certain cases, employees are given a discount if the bidding amount is up to Rs 2 Lakhs) 2. If applying as RII: Up to Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and up to Rs 10 Lakhs, and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 23 | ₹14,904.00 |
| Retail (Max) | 13 | 299 | ₹1,93,752.00 |
| S-HNI (Min) | 14 | 322 | ₹2,08,656.00 |
| S-HNI (Max) | 67 | 1,541 | ₹9,98,568.00 |
| B-HNI (Min) | 68 | 1,564 | ₹10,13,472.00 |
Allotment Schedule
| Basis of Allotment | Wed, 8 Oct, 2025 |
| Initiation of Refunds | Thu, 9 Oct, 2025 |
| Credit of Shares to Demat | Thu, 9 Oct, 2025 |
| Tentative Listing Date | Fri, 10 Oct, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 7, 2025 |
IPO Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 75% of the Net Issue |
Retail Shares Offered | Not more than 10% of the Net Issue |
NII Shares Offered | Not more than 15% of the Net Issue |
Source – SEBI, Chittorgarh
To check allotment, click here
Download NOVO App!
Invest in Zero-commission Direct Mutual funds, IPO, Sovereign Gold bonds, Government bills, and Corporate bonds.
