WeWork India IPO
ListedMainboardOpens 3 October 2025Closes 7 October 2025
WeWork India Management Ltd. is India’s leading premium flexible workspace provider, holding the exclusive license for the global WeWork brand. The company specializes in providing modern, high-quality, fully serviced…
WeWork India Management Ltd. is India’s leading premium flexible workspace provider, holding the exclusive license for the global WeWork brand. The company specializes in providing modern, high-quality, fully serviced workspaces across major Tier 1 cities, with approximately 94% of its portfolio in Grade A buildings. As of September 30, 2024, it operates 59 centers with 94,440 desks across 6.48 million sq. ft. Enterprise clients (large enterprises, MNCs, and GCCs) form a significant portion of its membership base, contributing to revenue stability. The company successfully turned profitable in FY25 after previously reporting losses.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
3 Oct 2025
IPO Closes
7 Oct 2025
Allotment
8 Oct 2025
Listing
10 Oct 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 3 October 2025 |
| IPO Close Date | 7 October 2025 |
| Allotment Date | 8 October 2025 |
| Listing Date | 10 October 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,904 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,752 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,08,656 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,98,568 |
BHNIAbove ₹10,00,000 | 68 | ₹10,13,472 |
IPO Objectives
- The IPO is entirely an Offer for Sale, and the company will not receive any proceeds. The primary objective is to provide liquidity to the Selling Shareholders and achieve the benefits of listing on the stock exchanges.
Strengths
- The company is the largest premium flexible workspace operator by revenue, with a category-defining and aspirational brand.
- It benefits from strong brand recognition backed by the Embassy Group and the exclusive global WeWork brand license.
- The business achieved a significant financial turnaround to profitability in FY25 (PAT of ₹128.19 Cr), demonstrating operational maturity.
- It has a consistently growing and 'sticky' member base, with enterprise clients contributing a large share of revenue (around 60%).
- The company's high Revenue to Rent Multiple (2.68 in FY25) reflects a premium pricing strategy and high operational efficiency.
Weaknesses
- The IPO is a Pure Offer for Sale (OFS), meaning the company will not receive any fresh capital for direct business growth or expansion.
- The high fixed-cost business model from long-term leases versus shorter membership tenures creates a significant asset-liability mismatch risk.
- The FY25 profitability was fragile, as it was heavily reliant on a one-time deferred tax gain, suggesting core operating income is not yet robust.
- The P/E ratio of 67.67 is considered aggressive by some analysts compared to listed peers, which may limit short-term listing gains.
- Revenues are heavily concentrated in Bengaluru and Mumbai, exposing the business to regional economic downturns and market risks.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 5,391.67 | 4,482.76 | 4,414.02 |
| Revenue (₹ Cr.) | 2,024 | 1,737.16 | 1,422.77 |
| PAT (₹ Cr.) | 128.19 | -135.77 | -146.81 |
| Net Worth (₹ Cr.) | 199.7 | -437.45 | -292.11 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| WeWork India Management | 41.62 | 67.75 | 64.19% | 199.7 |
| Awfis Space Solutions | 9.18 | 56.21 | 9.38% | 459.71 |
| Smartworks Coworking | 11.67 | -102.68 | -58.56% | 108.55 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.02x | 0.09x | 1.79x |
| NII | 0.02x | 0.06x | 0.23x |
| S-HNI | 0.04x | 0.09x | 0.21x |
| B-HNI | 0x | 0.05x | 0.23x |
| RII | 0.15x | 0.38x | 0.62x |
| EMP | 0.9x | 1.44x | 1.87x |
| Total | 0.04x | 0.14x | 1.15x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,38,71,031 | 2,47,66,584 | 1,604.87 |
| NII | 69,35,516 | 15,68,117 | 101.61 |
| Small NII | 23,11,839 | 4,91,671 | 31.86 |
| Big NII | 46,23,677 | 10,76,446 | 69.75 |
| RII | 46,23,677 | 28,75,161 | 186.31 |
| EMP | 59,524 | 1,11,481 | 7.22 |
| Total | 2,54,89,748 | 2,93,21,343 | 1,900.02 |
Company Details
- WeWork India Management Ltd.
- 6th Floor, Prestige Central, 36, Infantry Road, Shivaji Nagar, Bengaluru, Karnataka-560001
- +91 8884564500
- cswwi@wework.co.in
- https://wework.co.in/
Registrar Details
- MUFG Intime India Pvt.Ltd. (Link Intime)
- +91-22-4918 6270
- weworkindia.ipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html
Frequently Asked Questions
See live numbers on GMP, Subscription, and Allotment pages.
WeWork India IPO News & Updates
Follow the latest updates for WeWork India IPO, including grey market moves and allotment news.
WeWork India IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
WeWork India IPO Details
Issue size, price, financials, and company info
WeWork India IPO GMP
Live grey market premium and listing estimate
WeWork India IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
WeWork India IPO Allotment
Allotment date, chances, and check by PAN
WeWork India IPO Review
SWOT, strengths, risks, and IPO review
WeWork India IPO FAQ
Common questions on dates, GMP, and allotment
WeWork India IPO Registrar
Registrar website and how to check allotment
WeWork India IPO Timeline
Open, close, allotment, and listing dates
WeWork India IPO News
Updates, blogs, and latest IPO news
Sources
We match WeWork India IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Pvt.Ltd. (Link Intime)Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.