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WeWork India launches Rs 3,000 crore IPO at Rs 615-648 per share; Embassy Buildcon, 1 Ariel Way offer shares. Raised Rs 1,348 crore from anchors.
WeWork India IPO opens today, October 03.
WeWork India IPO: WeWork India Management Limited, one of India’s leading premium flexible workspace operators, has launched its Rs 3,000 crore initial public offering (IPO) on Friday, October 03, 2025. The issue will be closed for subscription on Tuesday, October 07, 2025.
Price Band fixed at Rs 615 per equity share of face value Rs 10 each to Rs 648 per equity share.
The company’s initial public offering comprises an Offer for Sale (“OFS”) of equity shares of up to 46,296,296 equity shares. The offer for sale comprises up to 35,402,790 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”), and up to 10,893,506 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).
JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited are the Book Running Lead Managers (“BRLMs”) to the issue.
The allotment of shares will be finalized on October 08, 2025, and the tentative listing is on October 10, 2025.
WeWork India IPO GMP
According to market observers, unlisted shares of WeWork India Ltd are currently trading at Rs 663, indicating a GMP of Rs 15 or 2.31 per cent premium.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
WeWork India Raises Rs 1,348.26 Cr From Anchor Investors
WeWork India raised Rs 1,348.26 crores ahead of the Company’s proposed IPO at the upper end of the price band at Rs 648 per equity share with face value of Rs 10 per equity share. Out of the total allocation of 2,08,06,548 equity shares to the anchor investors, 96,79,182 equity shares were allocated to 13 domestic mutual funds through a total of 32 schemes.
The anchor book has received widespread participation from domestic institutional investors including leading mutual funds such as ICICI Prudential, HDFC MF, Motilal Oswal MF, Aditya Birla MF, Axis MF, Canara-Robeco MF and insurance companies such as Aditya Birla Sun Life, Canara HSBC Life, SBI General and Kotak Mahindra Life and Bajaj Allianz Life. Global interest was equally notable with very strong demand from sovereign and long-only FIIs such as Edelweiss MF, Goldman Sachs Fund, Whiteoak Capital MF, Al Mehwar Commercial Investments L.L.C – (Wanda) and Allianz Global Investors among others.
Should You Subscribe WeWork India IPO?
WeWork India delivered a strong FY25 performance with revenue of ₹1,949.2 crore, EBITDA of ₹1,235 crore (margin of 63.41%), and net profit of ₹128.2 crore against a loss of ₹135.8 crore in FY24. With RONW at 63.8% and debt-to-equity at 0.65x, the company has announced an IPO in the ₹615–₹648 price band to raise up to ₹3,000 crore through an Offer for Sale of 4.63 crore shares. Angel One, in its commentary, highlighted the company’s improved financials and operational efficiency.
At the upper price band of ₹648, WeWork India’s post-issue P/E comes at 67.75x, pointing to premium valuations. Angel One noted that while profitability and the growth prospects of the flexible workspace sector are positives, risks such as high fixed costs, revenue concentration, industry fragmentation, and potential oversupply in metro markets weigh on future returns. The brokerage has therefore assigned a “Neutral” view on the IPO.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
October 03, 2025, 10:09 IST
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