The Indian IPO market continues to attract high-profile listings, and WeWork India Management Ltd. marks a major entry in the flexible workspace sector. The company is set to open its IPO on October 3, 2025, offering investors an opportunity to participate in India’s growing co-working and hybrid office space segment.
About WeWork India Management Ltd.
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator providing custom-designed buildings, enterprise suites, co-working spaces, and hybrid office solutions.
The company operates 68 operational centres across eight cities in India, with a total desk capacity of 114,077, with Bengaluru and Mumbai contributing a significant portion of its net membership fees.
Its clientele includes large enterprises, startups, and professionals, with notable clients like Amazon Web Services India Pvt. Ltd., JP Morgan Services India Pvt. Ltd., Discovery Communications India, Deutsche Telekom Digital Labs Pvt. Ltd., CBA Services Pvt. Ltd., and Grant Thornton Bharat LLP.
Competitive Strengths:
- Category-defining aspirational brand with strong international recognition
- Leadership in a rapidly expanding flexible workspace market
- Backed by the Embassy Group and WeWork Global
- Presence in Grade-A properties and strong developer relationships
- Extensive range of flexible office products and services
As of June 30, 2025, the company has 583 employees.
WeWork India IPO Details
The WeWork India IPO is a book-building issue of ₹3,000 crore, entirely an offer for sale of 4.63 crore shares. The IPO will list on BSE and NSE.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Oct 3, 2025 |
| IPO Close Date | Oct 7, 2025 |
| Tentative Allotment | Oct 8, 2025 |
| Initiation of Refunds | Oct 9, 2025 |
| Credit of Shares to Demat | Oct 9, 2025 |
| Tentative Listing Date | Oct 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 7, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹615 – ₹648 per share |
| Lot Size | 23 shares |
| Total Issue Size | 4.63 crore shares (₹3,000 Cr) |
| Sale Type | Offer for Sale |
| Employee Discount | ₹60 per share |
| Issue Type | Bookbuilding IPO |
| Shareholding Pre-Issue | 13.40 crore shares |
| Shareholding Post-Issue | 13.40 crore shares |
Investor Category Reservation:
- QIB: Not more than 75% of net issue
- Retail: Not more than 10% of net issue
- NII: Not more than 15% of net issue
Lot Size & Investment:
| 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 |
Promoter Holding:
The company’s promoters are Jitendra Mohandas Virwani, Karan Virwani, and Embassy Buildcon LLP.
- Pre-IPO: 73.56%
- Post-IPO: 48.07%
Book Running Lead Manager: JM Financial Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
WeWork India Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 5,391.67 | 4,482.76 | 4,414.02 |
| Total Income | 2,024.00 | 1,737.16 | 1,422.77 |
| Profit After Tax | 128.19 | -135.77 | -146.81 |
| EBITDA | 1,235.95 | 1,043.79 | 795.61 |
| Net Worth | 199.70 | -437.45 | -292.11 |
| Reserves & Surplus | 65.68 | -634.75 | -346.92 |
| Total Borrowing | 310.22 | 625.83 | 485.61 |
Key Performance Indicators (FY2025):
| KPI | Value |
| Market Capitalisation | ₹8,684.71 Cr |
| RoNW | 63.80% |
| EBITDA Margin | 63.41% |
| Price to Book Value | 41.62 |
EPS & P/E
| KPI | Pre-IPO | Post-IPO |
| EPS | ₹9.56 | ₹9.56 |
| P/E Ratio | 67.75x | 67.75x |
Objects of the Issue
- The company will not receive any proceeds from the IPO.
- All proceeds from the offer will be received by the selling shareholders after deduction of offer-related expenses and taxes.
Conclusion
The WeWork India Management Ltd. IPO provides investors with an opportunity to own a stake in a leading flexible workspace operator, backed by the Embassy Group and WeWork Global. With strong financial recovery, rapid expansion, and a high-demand sector, it presents an attractive, albeit high-priced, investment option. However, potential investors should consider market risks, sector competition, and dependence on key enterprise clients.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
