WeWork India Management IPO on 3/10

WeWork India Management IPO Details

WeWork India Management Limited IPO is a Book Built Issue of 4.63 crore shares, amounting to an Offer for Sale of Rs. 2999.99 crores. The IPO opens on October 3, 2025, and closes on October 7, 2025. The basis of allotment is expected on October 8, 2025, and the shares are proposed to list on both BSE and NSE on October 10, 2025.
The price band has been fixed at Rs.615 to Rs.648, per share. the lot size is of 23 shares.
JM Financial Limited is the Book Running Lead Manager, and MUFG Intime India Pvt. Ltd. is the Registrar to the Issue.

🕗 Last Update: 1 October 2025, 6.00 AM

IPO Key Dates

Anchor portion
IPO opens on 3 Oct. 2025
IPO Closes on 7 Oct 2025
IPO Allotment on 8 Oct 2025
Unblocking of Asba 9 Oct 2025
Credit of Shares 9 Oct 2025
Listing of Shares 10 Oct 2025

 

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The promoters  
The company’s promoters are Jitendra Mohandas Virwani, Karan Virwan, and Embassy Buildcon LLP.

The promoters hold 73.82 % shares in the post IPO capital of the company.

Objects of  IPO

This is an offer for sale of shares and the Company will not receive any proceeds from the Offer.

Business :

Incorporated in 2016, WeWork India Management Limited is a leading flexible workspace operator in India. The company offers custom-designed offices, enterprise suites, managed offices, co-working spaces and hybrid digital solutions to cater to diverse client needs. Its clientele ranges from large corporates to SMEs, startups and professionals.
As on June 30, 2025, it operated 68 centres with a desk capacity of 1,14,077 across eight cities, with Bengaluru and Mumbai contributing a major share of revenues. Prestigious clients include AWS India, JP Morgan, Discovery, Deutsche Telekom Digital Labs, CBA Services and Grant Thornton Bharat.
The company employs 583 people and continues to scale its operations in India’s growing flexible workspace market.

IPO Details

Opens On 3 October 2025
Closes on 7October 2025
Face Value Rs.10 
Issue Price Band Rs.615-648
Lot Size 23 Shares
Sale Type Offer for sale
Total Issue Size 462,96,296 shares
Total Issue Size Rs.2999.99 Cr
Employee Discount Rs. 60
Shareholder Discount Rs. 0
Listing At BSE, NSE

How are the shares offered?

Investor Category Shares Offered
QIB Shares Offered Not less than 75% of the Net Offer
Retail Shares Offered Not more than 10% of the Net Offer
NII Shares Offered Not more than 15% of the Net Offer

How can the shares be applied?

Application Lot  Shares Amount
Retail-Min 1 23 14,904
Retail-Max 13 299 193,752
S-HNI-Min 14 322 208,656
S-HNI-Max 67 1541 998,568
B-HNI-Min 68 1564 10,13,472

 

How to check Allotment Status

Allotment of this IPO will be announced on 8 October 2025 and the link to check allotment is given below:
ttps://linkintime.co.in/Initial_Offer/public-issues.html

Registered Office of the company
WeWork India Management Ltd.
6thFloor, Prestige Central
36, Infantry Road
Shivaji Nagar
Bengaluru, Karnataka, 560001

Email: cswwi@wework.co.in

The Lead Managers
JM Financial Ltd.
ICICI Securities Ltd.
Jefferies India Pvt.Ltd.
Kotak Mahindra Capital Co.Ltd.
360 One WAM Ltd. 
Registrar to IPO
Mufg India Intime Pvt ltd

Financial Snapshot

Period Ended 31-Mar-25 31-Mar-24 31-Mar-23
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 199.7 -437.45 -292.11
Reserves and Surplus 65.68 -634.75 -346.92
Total Borrowing 310.22 625.83 485.61
Amount in Rs. Crore

Key Performance Indicators

KPI Values
RoNW 63.80%
EBITDA Margin 63.41%
EPS 9.56
PER  

Peer Comparison

Company Name P/E (x) RoNW (%)
WeWork India 67.78 63.8
Awfis Space Solutions 59.38 14.78
Smartworks Coworking Spaces   -58.76
IndiQube Spaces    

IPO Concise Review by Paresh Gordhandas, CA & Research Analyst

Will update our review soon

WeWork India Management  IPO dates

WeWork India Management IPO price & Lot

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