Managed office space provider WeWork India is set to launch its Rs 3,000 crore (about $340 million) initial public offering (IPO) on October 3, 2025. The issue will close on October 7, with anchor investor bidding scheduled for October 1.
According to its red herring prospectus, the IPO will be a complete offer for sale (OFS) of 4.63 crore shares, priced between Rs 615–648 per share. At the upper price band, the issue size is estimated at Rs 3,000 crore.
Promoter Embassy Buildcon LLP will offload 3.54 crore shares worth about Rs 2,294 crore, while 1 Ariel Way Tenant, an affiliate of WeWork Global, will sell 1.08 crore shares valued at around Rs 706 crore. Embassy Buildcon held 73.56% stake in the company, and 1 Ariel Way Tenant owned 22.64% at the time of filing.
The IPO will be managed by JM Financial, ICICI Securities, Jefferies, Kotak Mahindra Capital, and 360 One, with MUFG Intime serving as registrar.
WeWork India, the exclusive licensee of the WeWork brand in the country, is majority-owned by real estate major Embassy Group. The company operates 114,077 desks across 68 centres in cities including Bengaluru, Mumbai, and Delhi-NCR, with 94% of its portfolio comprising Grade A properties.
Financially, the company posted operating revenue of Rs 1,949 crore in FY25, a 17% year-on-year rise. It also reported a profit of Rs 128 crore, reversing a Rs 135.7 crore loss in FY24.
With the listing, WeWork India will join co-working peers such as Awfis, Indiqube, and Smartworks, all of which entered the markets over the past year, highlighting investor interest in India’s flexible workspace sector.
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