WeWork India Management has announced a price band of ₹615 to ₹648 per equity share (face value ₹10) for its upcoming initial public offering (IPO), targeting a total issue size of up to ₹3,000 crore.
The IPO will open for bidding on October 3, 2025, and close on October 7, 2025, while bids from anchor investors will be accepted on October 1, 2025. The shares are expected to list on stock exchanges on October 10, 2025.
The entire IPO is structured as an Offer for Sale (OFS), meaning that WeWork India will not receive any proceeds directly from the issue; instead, the selling shareholders will get the funds. The OFS comprises up to 4.63 crore equity shares being offloaded by promoter and investor entities.
Promoter group entity Embassy Buildcon LLP plans to sell around 3.5 crore shares and raise ₹2,294 crore, while Ariel Way Tenant Ltd (a WeWork Global affiliate) will divest about 1 crore shares for ₹706 crore.
The existing shareholding structure has Embassy Group holding approximately 76.21%, and WeWork Global about 23.45% in WeWork India.
As of now, WeWork India operates under an exclusive licensing model in India, promoted by Bengaluru-based real estate firm Embassy Group.
The company’s portfolio spans major Tier-1 cities including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. It manages around 77 lakh sq ft of space, of which approximately 70 lakh sq ft is operational, with a desk capacity of 1.03 lakh, and employs over 500 staff.
At the upper end of the IPO price band, the company is being valued at about ₹8,685 crore.
The IPO’s allocation mix earmarks 75% for Qualified Institutional Buyers (QIBs), 15% for non-institutional investors, and 10% for retail investors. Bids can be placed in lots of 23 shares, and in multiples thereof.
The allotment date is tentatively set for October 8, with crediting of shares expected on October 9, followed by listing on October 10.
The book-running lead managers for the issue include JM Financial Ltd., ICICI Securities Ltd., Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM Ltd.
Once listed, WeWork India will compete with other coworking and real estate service firms such as Awfis Space Solutions, IndiQube Spaces, and Smartworks Coworking Spaces.
Investor attention will focus on demand dynamics, subscription levels, and post-listing trading, with the performance of this IPO likely to serve as a benchmark for other flexible workspace firms.
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