- IPO Size: Up to 46.3 million shares at ₹10 face value
- Includes employee reservation portion with potential discount
- Listed on BSE & NSE
- First public issue; no prior market exists
- Strong presence in major Indian cities
- Offers both physical workspaces and digital workspace solutions
Source: SEBI
WeWork India Management Limited, India’s leading premium flexible workspace operator, has officially opened its first Initial Public Offering (IPO) on Friday, October 3, 2025. The IPO is a combination of a fresh issue and an offer for sale, comprising up to 46,296,296 equity shares with a face value of ₹10 each.
The offer for sale portion includes 35,402,790 shares by promoter Embassy Buildcon LLP and 10,893,506 shares by investor 1 Ariel Way Tenant Limited, collectively referred to as the “selling shareholders.”
Investors can submit bids for the IPO from Friday, October 3, 2025, until Tuesday, October 7, 2025. Anchor investors placed their bids on Wednesday, October 1, 2025. A portion of the IPO has been reserved for eligible employees, who may avail of an employee discount on the offer price.
The shares are proposed to be listed on BSE and NSE, with NSE as the designated stock exchange. Being WeWork India’s first public issue, there is no prior market for these shares. The offer price, floor price, and cap price, determined via the book-building process with the Book Running Lead Managers (BRLMs), may not indicate the post-listing market price.
This IPO presents an opportunity to invest in India’s largest flexible workspace operator by revenue, with a strong presence in Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai.
Key Details of the Offer
Details | Information |
---|---|
Promoters | Jitendra Mohandas Virwani, Karan Virwani, Embassy Buildcon LLP |
Type of Offer | Fresh Issue & Offer for Sale |
Total Offer Size | Up to 46,296,296 equity shares aggregating to ₹[●] million |
Offer for Sale Size | Up to 46,296,296 equity shares aggregating to ₹[●] million |
Employee Reservation Portion | Up to [●] equity shares aggregating to ₹35 million (with employee discount) |
Eligibility | QIBs, NIIs, RIIs, and Eligible Employees |
Listing | Proposed on BSE & NSE (NSE is Designated Stock Exchange) |
Book Built Offer | 100% |
Red Herring Prospectus Date | September 27, 2025 |
Bid/Offer Opening Date | Friday, October 3, 2025 |
Bid/Offer Closing Date | Tuesday, October 7, 2025 |
Anchor Investor Bidding Date | Wednesday, October 1, 2025 |
Selling Shareholders & Offer for Sale
Shareholder | Type | Number of Shares Offered | Weighted Avg. Cost (₹) |
---|---|---|---|
Embassy Buildcon LLP | Promoter | Up to 35,402,790 | 161.83 |
1 Ariel Way Tenant Limited | Investor | Up to 10,893,506 | 65.88 |
Offer Structure
Portion | Allocation |
---|---|
Net Offer | Remaining shares after employee reservation |
QIB Portion | ≥75% of Net Offer; up to 60% for Anchor Investors; 1/3 reserved for domestic mutual funds |
Non-Institutional Portion (NIIs) | ≤15% of Net Offer; includes sub-categories for applications ₹2–10 lakh and >₹10 lakh |
Retail Portion (RIIs) | ≤10% of Net Offer |
Employee Reservation Portion | Reserved shares with potential employee discount |
All non-anchor investors must apply via ASBA (Application Supported by Block Amount). Anchor investors cannot participate via ASBA.
Listing & Trading Timeline
Event | Date |
---|---|
Finalization of Basis of Allotment | Wednesday, October 8, 2025 |
Refunds / Unblocking of ASBA Funds | Thursday, October 9, 2025 |
Credit of Shares to Depository Accounts | Thursday, October 9, 2025 |
Commencement of Trading | Friday, October 10, 2025 |
Company Overview
Launched in 2017, WeWork India is India’s largest flexible workspace operator by revenue. The company leases premium Grade A office spaces, designs, and operates them as modern, flexible workspaces with amenities like:
- Meeting rooms & event spaces
- Wellness and recreational areas
- Printing, mail, and pantry services
- High-speed internet & facility management
WeWork India’s offerings include:
- Private offices, office suites, and managed floors
- Co-working spaces and hybrid digital solutions
- Memberships: WeWork All Access, WeWork On Demand, Virtual Office
- Enterprise solutions: HR, IT, admin, branding, and marketing services
Operating across Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai, WeWork India helps businesses avoid capital expenditure and operational hassles, providing fully managed, technologically integrated workspaces.