WeWork India Management Limited is one of India’s leading flexible workspace operators, offering a wide spectrum of workspace solutions tailored to the needs of enterprises, startups, and professionals.
Its portfolio includes custom-designed buildings, managed offices, enterprise office suites, private offices, co-working spaces, and hybrid digital solutions, enabling clients to access premium, tech-enabled, and collaborative environments.
As of June 30, 2025, the company operated 68 centres with a total capacity of 114,077 desks across eight major Indian cities. Bengaluru and Mumbai are its largest markets, contributing significantly to overall membership revenues.
WeWork India’s clientele is a mix of large global corporations, high-growth startups, and professionals. Some of its notable enterprise members include Amazon Web Services India, JP Morgan Services India, Discovery Communications India, Deutsche Telekom Digital Labs, CBA Services, and Grant Thornton Bharat LLP.
The company is also backed by a strong workforce, with 583 employees as of June 2025, supporting operations, member experience, and digital innovation.
WeWork India IPO – Details
| IPO Opening Date | 03 October 2025 |
| IPO Closing Date | 07 October 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 4,62,96,296 Shares Worth ₹3,000.00 Crore Offer For Sale: 4,62,96,296 Shares Worth ₹3,000.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹615 – ₹648 per share |
| Market Lot | 23 Shares |
| Min Order | 23 Shares [ 1 Lot ] |
| Employee Discount | ₹60 |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
WeWork India IPO – Date Schedule
| IPO Open Date | 03 October 2025 |
| IPO Close Date | 07 October 2025 |
| Basis of Allotment | 08 October 2025 |
| Initiation of Refund | 09 October 2025 |
| Credit of Shares to Demat Account | 09 October 2025 |
| IPO Listing Date | 10 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 07, 2025 |
WeWork India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,904 |
| Retail (Max) | 13 | 299 | ₹1,93,752 |
| S-HNI (Min) | 14 | 322 | ₹2,08,656 |
| S-HNI (Max) | 67 | 1,541 | ₹9,98,568 |
| B-HNI (Min) | 68 | 1,564 | ₹10,13,472 |
Competitive Strength
- 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.
- Extensive range of products and services in the industry.
Company Promoters
- Jitendra Mohandas Virwani
- Karan Virwan
- Embassy Buildcon LLP
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹1,422.77 Cr | ₹1,569.66 Cr | –₹146.81 Cr | ₹485.61 Cr |
| 31 March 2024 | ₹1,737.16 Cr | ₹1,869.92 Cr | –₹135.77 Cr | ₹625.83 Cr |
| 31 March 2025 | ₹2,024.00 Cr | ₹2,132.89 Cr | ₹128.19 Cr | ₹310.22 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | 63.80% |
| PAT Margin | – |
| EBITDA Margin | 63.41% |
| Price to Book Value | 41.62 |
| Pre IPO | Post IPO | |
| EPS (₹) | 9.56 | 9.56 |
| P/E (x) | 67.75 | 67.75 |
Object Of The Issue
- The Company will not receive any proceeds from the Offer. All Offer Proceeds shall be received by the Selling Shareholder subsequent to the deduction of Offer-related expenses and applicable taxes, which shall be the responsibility of the Selling Shareholders.
WeWork India IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Awfis Space Solutions Limited | 59.38 |
| 2 | 10 | Smartworks Coworking Spaces Limited | – |
| 3 | 1 | IndiQube Spaces Limited | – |
✅Strengths
- Market leader in premium flexible workspaces with strong presence in Tier 1 cities.
- Wide client base including Fortune 500 firms, startups, and professionals.
- Backed by Embassy Group with access to Grade A properties and global WeWork brand recall.
⚠️Risks
- Heavy reliance on licensed WeWork brand; termination could impact business.
- High fixed lease costs may pressure finances if occupancy falls.
- Intense competition from other coworking operators in India.
WeWork India IPO Promoter Holding
| Pre Issue Share Holding | 73.56% |
| Post Issue Share Holding | 48.07% |
WeWork India IPO Prospectus
Company Contact Information
| WeWork India Management Ltd. 6thFloor, Prestige Central 36, Infantry Road Shivaji Nagar Bengaluru, Karnataka, 560001 Phone: +91 8884564500 Email: cswwi@wework.co.in Website: https://wework.co.in/ |
WeWork India IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: weworkindia.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
WeWork India IPO Lead Manager(s)
| 1. JM Financial Limited 2. ICICI Securities Limited 3. 360 ONE WAM Limited 4. Jefferies India Private Limited 5. Kotak Mahindra Capital Company Limited |
WeWork India IPO FAQs
| What is WeWork India IPO? WeWork India IPO is a main-board IPO. The issue is priced at ₹615 to ₹648 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will WeWork India IPO open? The IPO is to open on 03 October 2025 for QIB, NII, and Retail Investors. |
| What is WeWork India IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| What is WeWork India IPO Size? WeWork India IPO size is ₹3,000.00 Crore. |
| What is the WeWork India IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 23 Shares with ₹14,904, while the maximum bid is 299 Shares with ₹1,93,752. |
| What is the WeWork India IPO Allotment Date? WeWork India IPO allotment date is 08 October 2025. |
| What is the WeWork India IPO Listing Date? WeWork India IPO listing date is 10 October 2025. The IPO is to be listed on BSE and NSE. |
