The much-anticipated WeWork India IPO is set to open for subscription on Friday, October 3, 2025, aiming to raise ₹2,847 crore to ₹3,000 crore through a pure offer for sale (OFS). The flexible workspace giant, backed by Embassy Buildcon LLP and WeWork International, has fixed the IPO price band at ₹615–₹648 per share.
WeWork India IPO Details
- IPO Size: ₹2,847 crore – ₹3,000 crore
- Type of Issue: 100% Offer for Sale (OFS)
- Price Band: ₹615–₹648 per share
- Minimum Lot Size: 23 shares (₹14,904 per lot)
- Issue Opens: October 3, 2025
- Issue Closes: October 7, 2025
- Allotment Finalisation: October 8, 2025
- Expected Listing Date: October 10, 2025
- Exchanges: NSE, BSE
- Lead Managers: JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, 360 ONE WAM
In this IPO, promoter Embassy Buildcon LLP will sell 3.54 crore shares, while WeWork International (1 Ariel Way Tenant Ltd.) will sell 1.089 crore shares. Currently, Embassy Buildcon holds 73.56% and WeWork International owns 22.64% in WeWork India.
WeWork India IPO Reservation Breakdown
- Qualified Institutional Buyers (QIBs): 75%
- Non-Institutional Investors (NIIs): 15%
- Retail Individual Investors (RIIs): 10%
This allocation highlights the strong institutional focus for the upcoming issue.
WeWork India Company Overview
Founded in 2017, WeWork India has emerged as a market leader in the flexible workspace and co-working sector. The company currently operates 68 centres with 11.4 lakh desks capacity across eight Indian cities.
- Bengaluru accounts for the largest share at 46.1%.
- Mumbai follows with 22.64%.
WeWork India’s offerings extend beyond office spaces, including customised solutions, parking, additional meeting rooms, event spaces, advertising, food & beverages, and other ancillary services, which contribute nearly 9.7% of total revenue.
Financial Performance of WeWork India
- Revenue (Q1 FY26): ₹535.3 crore (up 19.3% YoY from ₹448.6 crore)
- EBITDA Margin: 18.05% (vs 21.67% in the previous year)
- Net Loss: ₹14.1 crore (vs ₹29.1 crore YoY)
- ARPM (Average Revenue Per Member): ₹19,085 (down 3.3% YoY)
- Borrowings (June 2025): ₹389 crore
Despite reporting losses, the company has narrowed its deficit significantly and continues to demonstrate strong revenue growth.
WeWork India’s Global Linkages
The company pays management fees to WeWork Global, which stood at 3.65% of revenue in FY24 compared to 4.02% in FY23. This reflects operational synergies with its global parent while improving cost efficiency.
WeWork India’s Strategic Acquisitions
- Zoapi Innovations Pvt Ltd (Dec 2022): Cloud-based video conferencing platform acquisition.
- Upflex Anarock India Pvt Ltd (Oct 2023): 37.5% stake in online coworking aggregator.
These moves highlight WeWork India’s effort to expand its tech capabilities and strengthen its service ecosystem in the flexible workspace sector.
Should You Apply for WeWork India IPO?
The WeWork India IPO comes at a time when the co-working and flexible office space segment is witnessing steady demand, especially from startups, IT/ITES companies, and enterprises shifting towards hybrid work models.
The IPO’s 100% OFS structure means proceeds will go to existing shareholders rather than the company. While profitability remains a challenge, WeWork India has shown consistent revenue growth, narrowing losses, and diversification of ancillary revenue streams.
Strong presence in Bengaluru and Mumbai, coupled with backing from Embassy and WeWork Global, adds credibility. For long-term investors, WeWork India offers exposure to India’s fast-evolving shared office and flexible workspace sector. For short-term traders, listing performance will depend on institutional demand and market sentiment.
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