WeWork India IPO to Open October 3; Price Band Set at ₹615–₹648
WeWork India Launches ₹46.3 Cr OFS; Listing on BSE & NSE
Karan Virwani: IPO Marks Defining Moment for WeWork India
WeWork India IPO to Open on October 3; Price Band at ₹615–₹648
Bilkul Bazaar
Ahmedabad | 1 Oct 2025
WeWork India Management Limited will open its Initial Public Offering (IPO) on Friday, October 3, 2025, with the issue closing on Tuesday, October 7, 2025. The Price Band has been fixed at ₹615 to ₹648 per equity share of face value ₹10 each. Investors can bid for a minimum of 23 equity shares and in multiples thereafter. The Anchor Investor Bidding Date is set for Wednesday, October 1, 2025.
The IPO will consist entirely of an Offer for Sale (OFS) of up to 46,296,296 equity shares, including up to 35,402,790 shares by Embassy Buildcon LLP (Promoter Selling Shareholder) and up to 10,893,506 shares by 1 Ariel Way Tenant Limited (Investor Selling Shareholder).
Karan Virwani, Managing Director & CEO, WeWork India, said:
“This IPO marks a defining moment for WeWork India as we step into the public markets. We are confident that our strong business fundamentals and growth prospects will create long-term value for our investors.”
Clifford Lobo, Chief Financial Officer, WeWork India, added:
“The offer structure and price band reflect both the strength of our balance sheet and the confidence of our stakeholders in WeWork India’s future trajectory.”
Vinayak Parameswaran, Chief Investment Officer, WeWork India, noted:
“With our robust asset-light model and high occupancy rates, we are well-positioned to capitalize on India’s evolving workspace demand.”
Rajat Rawal, VP & Head – Retail Syndication, ICICI Securities, one of the Book Running Lead Managers (BRLMs), said:
“This issue provides investors an opportunity to participate in India’s fast-growing flexible workspace sector through a trusted brand like WeWork.”
Harshi Shah, Associate, Capital Markets Group, Kotak Mahindra Capital Company Ltd., remarked:
“The IPO is structured to attract strong institutional, HNI, and retail participation, aligning with SEBI’s regulations and global best practices.”
The Offer is being made through the Book Building Process in line with SEBI ICDR Regulations. At least 75% of the Net Offer will be allocated to Qualified Institutional Buyers (QIBs), not more than 15% to Non-Institutional Investors, and not more than 10% to Retail Investors. Equity shares reserved under the employee quota will also be allocated proportionately.
The Company’s equity shares are proposed to be listed on both BSE and NSE.
The IPO is being managed by JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM Limited as the Book Running Lead Managers (BRLMs).
WeWork India Management Private Limited operates flexible workspaces and provides digital real estate workplace solutions for companies across India. Under an exclusive license of the ‘WeWork’ brand, the company manages a diverse portfolio that includes co-working spaces, managed offices, virtual offices, event spaces, and business services.
Its business model focuses on leasing commercial real estate, investing in modern design and tech-enabled fit-outs, and offering membership-based access to its facilities. Additional revenue streams come from services such as parking, catering, meeting rooms, tech support, and facility management. WeWork India has a strong presence in major tier-1 cities including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai.
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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