WeWork India Management Limited IPO

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Diversified Commercial Services

Listed On: Oct 10, 2025 at ₹ 650.0(NSE)

₹ 14904 /23 Shares

Check Allotment

03 Oct, 2025

Open Date

07 Oct, 2025

Close Date

08 Oct, 2025

Allotment Date

10 Oct, 2025

Listing Date

Price Summary

Last Closing

614.00 (-5.25%)

52 Week High

664.00

52 Week Low

598.00

Last Update

17-Nov-2025 3:30 PM

WeWork India Management IPO Live Subscription Details

View Subscription Details

QIB 1.79x

Retail 0.61x

NIIs 0.23x

BHNI 0.23x

SHNI 0.23x

Retail 0.61x

EMP 1.87x

Total 1.15x

Last updated: 07 Oct 2025, 06:55 PM

WeWork India Management IPO Issue Details

Issue Price ₹615-648 per equity share
Face Value ₹10 Per Equity Share
Total Issue Size 4,62,96,296 shares(aggregating up to ₹3000 crore)
Offer For Sale 4,62,96,296 shares(aggregating up to ₹3000 crore)
Listing at BSE, NSE
List Price 650.0(NSE)
Listing Date 2025-10-10
Lead Manager JM Financial Ltd
ICICI Securities Ltd.
Jefferies India
Kotak Mahindra Capital
360 One WAM Ltd
Registrar MUFG Intime India Pvt.Ltd.

Market Lot Size

Investors can bid for a minimum of 23 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	23	₹14,904
Retail(max)	13	299	₹1,93,752
SHNI(min)	14	322	₹2,08,656
SHNI(max)	67	1,541	₹9,98,568
BHNI(min)	68	1,564	₹10,13,472

WeWork India Management IPO Reservation

WeWork India Management IPO offers total 4,62,96,296 shares. Out of which 1,38,71,031 (29.96%) allocated to QIB, 69,35,515 (14.98%) allocated to NII,46,23,677 (9.99%) allocated to RII, 59,523 (0.13%) allocated to employees and 2,08,06,548 (44.94%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	2,08,06,548 (44.94%)
QIB Shares Offered	1,38,71,031 (29.96%)
NII (HNI) Shares Offered	69,35,515 (14.98%)
bNII < ₹10L	46,23,677 (10%)
sNII < ₹10L	21,11,838 (5%)
Retail Shares Offered	46,23,677 (9.99%)
Employee Shares Offered	59,523 (0.13%)
Total Shares Offered	4,62,96,296 (100%)

WeWork India Management IPO Documents

DRHP

RHP

ANCHOR

WeWork India Management IPO Details

WeWork India Management IPO is a book-built issue of ₹3000 crores, The total issue size is ₹3000 crores. The IPO of WeWork India Management is priced at ₹615-648 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Oct 3, 2025 and ends on Oct 7, 2025. The allotment for WeWork India Management IPO will be finalized on Oct 8, 2025. WeWork India Management IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 10, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Retail investors can bid for a minimum of 23 shares, extendable to 14,904. S-HNIs will be able to bid for 322 shares at ₹2,08,656, while B-HNIs can also apply for a bid of 1,564 shares at ₹10,13,472. The book-running lead manager for the IPO is/are JM Financial Ltd, ICICI Securities Ltd., Jefferies India, Kotak Mahindra Capital, 360 One WAM Ltd.

The total issue ₹3000 crore and having Offer for Sale (OFS) of 4,62,96,296 shares to mop up ₹3000 crore.

The WeWork India Management IPO sets its price band at 615-648 for each share. A single application for WeWork India Management Limited IPO must contain at least 23 shares. Sentiment investors need to invest a minimum of 23 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,904 In order to participate in the sNII, investors must purchase at least 14 lots of 322 shares for ₹2,08,656, while the bNII requires 68 lots of 1,564 shares for an investment of ₹10,13,472.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	1,38,71,031	69,35,516 46,23,677 23,11,839	46,23,677	2,54,89,748
Day 1 03-10-25 05:00 PM	0.02 x	0.02 0.00 x 0.04 x	0.15 x	0.04 x
Day 2 06-10-25 05:00 PM	0.09 x	0.06 0.05 x 0.10 x	0.37 x	0.13 x
Day 3 07-10-25 05:00 PM	1.79 x	0.23 0.23 x 0.23 x	0.61 x	1.15 x

Total No of Applications

87,226

Subscription on the basis of Applications

Retail:0.42x BHNI:0.02x SHNI:0.16

WeWork India Management Valuations

EPS Pre IPO ₹9.56/-

EPS Post IPO ₹9.56/-

P/E Pre IPO 67.75

P/E Post IPO 67.75

RoNW 63.80%

Price to Book Value 41.62

Market Cap. 8684.71 Cr.

WeWork India Management Company Financials

In Crs.

In Cr.

	31-Mar-25	31-Mar-24	31-Mar-23
Assets	5391.67	4482.76	4414.02
Revenue	2024.00	1737.16	1422.77
Profit After Tax	128.19	-135.77	-146.81
Net Worth	199.70	-437.45	-292.11
Reserves & Surplus	65.68	-634.75	-346.92
Total Borrowing	310.22	625.83	485.61

About WeWork India Management Company

Incorporated on May 2016, WeWork India Management Limited is an operator of flexible workspace in India.

The company offers a full range of flexible workspace options, including custom-designed buildings, floors and offices, enterprise office suites, managed offices customized to individual needs, private offices, co-working, and hybrid digital solutions.The company offers flexible, high-quality workspaces for members or clients. The company's customer base comprises large organizations, small organizations, start-ups, and professionals.The firm mostly sublets Grade A office space from developers and runs them as adaptable workspaces. On June 30, 2024, 93% of its portfolio, which is 5.87 million square feet, consisted of Grade A developments, as reported by CBRE.

As of September 30, 2024, the firm had 94,440 desks in 59 Operational Centres spanning 6.48 million square feet.The clients of the company are Amazon Web ServicesIndia Private 227Limited, JP MorganServices India Private Limited, DiscoveryCommunications India, Deutsche TelekomDigital Labs Private Limited, CBA Services Private Limited and Grant Thornton Bharat LLP.

As of September 30, 2024, the company has branches in Pune, Bangaluru, Mumbai, Chennai, Hyderabad, Noida, Gurgaon and Delhi.
As of September 30, 2024, the company had 523 permanent employees, including 15 from the subsidiaries.

WeWork India Management - Promoter(s)

Jitendra Mohandas Virwani

Karan Virwan

Embassy Buildcon LLP

Pre Issue Share Holding : 73.56%

Post Issue Share Holding : 48.07%

WeWork India Management IPO - Issue Objectives

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 Management IPO - Anchor Investors

WeWork India raises more than Rs 1,348 crore through anchor book before Rs 3,000-crore IPO.

Key investors such as Goldman Sachs, Ashoka Whiteoak, Amundi Funds, Allianz Global, Integrated Core Strategies, BNP Paribas Financial Markets, and Societe Generale took part in the anchor book.

Some local institutional investors such as ICICI Prudential Mutual Fund, HDFC AMC, WhiteOak Capital, 360 ONE, Motilal Oswal AMC, HDFC Life Insurance, Aditya Birla Sun Life AMC, Axis Mutual Fund, Invesco India, Mirae Asset, Tata Mutual Fund, Tata AIG General Insurance, SBI General Insurance, Nuvama, Edelweiss, Canara HSBC Life Insurance, Bank of India MF, Kotak Mahindra Life Insurance, and JM Financial also acquired substantial stake in the firm through anchor book.

WeWork India Management IPO - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Revenue(in Cr.)
WeWork India	N/A	N/A	63.8%	1949
Awfis Space	N/A	59.38	14.7%	1207
Smartworks	N/A	N/A	-58.7%	1374
IndiQube	N/A	N/A	NA%	1059

Strength

WeWork India has strong brand awareness and leadership, recording the highest search volumes in the flexible workspace industry between October 2023 to December 2024.

It has a leadership position as India's largest revenue-generating premium flexible workspace operator for the past three fiscal years.

It is supported by the strength of Embassy Group, a leading Indian real estate builder with a history of over 30 years, and its strategic alignment with international operator WeWork.

The firm largely operates in Grade A buildings in best-in-class micro markets, capitalizing on robust multi-asset relationships with top developers.

It has one of the largest product and service offerings in India's flexible workspace sector, ranging from enterprise suites to managed offices, co-working spaces, and hybrid digital solutions.

Weakness

Ongoing legal proceedings involving promoter and group entities may affect reputation and operations.

Adverse macroeconomic trends or landlord refusals to renew leases could hurt growth and stability.

Risks are due to potential invocation of lenders' rights over pledged equity shares of one of the promoters.

Company is vulnerable to the risk of non-receipt of proceeds from the Offer for Sale component during the IPO.

Future net losses, earnings per share decrease, and cash flow decreases might have a material effect on financial stability.

Contact Details

WeWork India Management

6th Floor, Prestige Central, 36, Infantry Road, Shivaji Nagar, Bengaluru, Karnataka - 560001

+91 8884564500

cswwi@wework.co.in

https://wework.co.in/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

weworkindia.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

WeWork India Management IPO - FAQs

Ans. WeWork India Management Limited IPO is a Mainboard IPO. The issue is priced at ₹615-648 per equity share. The minimum order quantity is 23 Shares. The IPO opens on Oct 3, 2025, and closes on Oct 7, 2025. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The WeWork India Management Limited IPO opens on Oct 3, 2025 and closes on Oct 7, 2025.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of WeWork India Management Limited IPO is Offer For Sale : 4,62,96,296 shares(aggregating up to ₹3000.00 Cr).

Ans. The WeWork India Management Limited IPO price band is set between ₹615-648 per equity share.

Ans. To apply for WeWork India Management Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find WeWork India Management Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of WeWork India Management Limited IPO is Oct 8, 2025.

Ans. The WeWork India Management Limited IPO will be listed on Oct 10, 2025.

Ans. Follow the steps to check the WeWork India Management Limited IPO allotment status online.