WeWork India IPO : Price Band, Timeline, and What Investors Should Know

Mumbai, September 29, 2025 : India’s IPO market is heating up again, and this time all eyes are on WeWork India. The flexible workspace operator is preparing to hit the bourses as on 3rd October 2025 with a ₹3,000 crore issue.

Given its scale and the rising popularity of co-working spaces, this IPO has already caught the attention of both institutional and retail investors.

Price Band and Issue Size

WeWork India has set the price range for its IPO at ₹615–₹648 per share.

This will be a pure Offer for Sale (OFS), meaning no new shares will be created. Instead, existing shareholders are selling part of their holdings.

The total issue size is expected to be between ₹2,847 crore and ₹3,000 crore.

Who is Selling?

• Embassy Buildcon LLP, the promoter, is selling 3.54 crore shares.
• 1 Ariel Way Tenant Ltd (WeWork International) is selling 1.089 crore shares.

Currently, Embassy owns 73.56% of WeWork India, while WeWork International holds about 22.64%.

Subscription Timeline

Opening Date: October 3, 2025

Closing Date: October 7, 2025

Basis of Allotment: October 8, 2025

Listing on NSE & BSE: October 10, 2025

Lot Size

For retail investors, the minimum application is a lot of 23 shares, which works out to ₹14,904 at the lower price band. Further bids can be made in multiples of 23 shares.

Allocation Structure

Qualified Institutional Buyers (QIBs): 75%
Non-Institutional Investors (NIIs) : 15%
Retail investors : 10%

Lead Managers

The IPO is being managed by a strong consortium of book running lead managers, including JM Financial ,ICICI Securities, Jefferies India,Kotak Mahindra Capital, 360 ONE WAM.

About The Company

WeWork India entered the country in 2017, introducing the global co-working concept to the Indian market. Since then, it has expanded aggressively, building one of the largest flexible workspace networks in the country.

Currently it operates 68 centres nationwide

Houses a capacity of 1.14 lakh desks capacity across 8 cities in India

Bengaluru contributes 46.1% of operations, while Mumbai accounts for 22.64%

Its customer base ranges from startups and SMEs to large corporates looking for scalable office solutions.

Financial Performance

Revenue for the June 2025 quarter was ₹535.3 crore, a 19.3% increase year-on-year.

Adjusted EBITDA margin slipped slightly to 18.05%, compared with 21.67% last year.

Net loss narrowed to ₹14.1 crore, down from ₹29.1 crore in the same quarter last year.

For FY25 -company had posted profit of 128 Crores Vs loss of 135.7 Crores

WeWork Global

Even though it runs independently, WeWork India pays management fees to its parent entity, WeWork Global.

The fee accounted for 2.74% in FY25 compared to  3.65% of operating revenue in FY24, and 4.02% in FY23.

As of June 2025, total borrowings stood at ₹389 crore.

Beyond desk rentals, the company has also been pushing ancillary revenue streams such as space customisation, parking, event hosting, advertising, and F&B services, which contributed 9.7% of overall revenue.

What Investors Should Consider

The IPO offers a chance to participate in India’s booming co-working industry. WeWork India has scaled rapidly, expanded into key business hubs, and managed to reduce its losses while growing revenue.

At the same time, investors should be cautious about a few factors — such as the drop in per-desk revenue, dependency on fee payouts to its global parent, and rising competition in the flexible workspace segment.

Conclusion

The WeWork India IPO is expected to be a major event in the Indian markets. With its ₹3,000 crore issue size, premium positioning, and the growing demand for flexible offices, the listing could draw significant interest from both retail and institutional investors.

For those looking to apply, it will be crucial to weigh the company’s growth prospects against its financial risks and competitive pressures.