WeWork India Management Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹615 - ₹648
- Lot size
- 23 shares
- Issue amount
- ₹3,000 cr
- Total subscription
- 1.15×
- Opens
- 3 Oct 2025
- Closes
- 7 Oct 2025
- Allotment
- 8 Oct 2025
- Listing
- 10 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 4,62,96,296 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,145
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹3,000 cr
- Registrar
- Link Intime India Private Ltd (MUFG)
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,904
- Issue type
- Bookbuilding IPO
- Shares before issue
- 13,40,23,259
- Shares after issue
- 13,40,23,259
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 23 | ₹14,904 |
| sHNI | 14 | 322 | ₹2,08,656 |
| bHNI | 68 | 1,564 | ₹10,13,472 |
Share reservation
Subscription & GMP
Subscription by category
Reported 7 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 2,01,029 | 83,572 |
| EMPLOYEES | 0 | 2,223 |
| HNIs(10L +) | 14,359 | 245 |
| HNIs (2-10L) | 7,180 | 1,160 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 898.84 | 1,604.87 |
| FIIs | 0 | 746.1 |
| FIs | 0 | 97.24 |
| Mutual Funds | 0 | 594.72 |
| Others | 0 | 166.82 |
| RETAIL | 299.61 | 182.88 |
| NIB | 449.42 | 101.61 |
| HNIs 2+ | 149.81 | 31.86 |
| HNIs 10+ | 299.61 | 69.75 |
| EMPLOYEES | 3.86 | 7.22 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 9.93 | -10.73 | -11.52 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 63.8 | 0 | 0 |
| PRE IPO(PE) | 67.75 | 0 | 0 |
| POST IPO(PE) | 67.75 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Awfis Space Solutions Ltd | 59.38 | 10.00 | ₹10 per share | 64.71 | 14.78 | ₹ 9.75 per share |
| WeWork India Management Ltd | NA | NA | 10.00 | 15.57 | 63.80 | 9.93 |
| Smartworks Coworking Spaces Ltd | NA | NA | 10.00 | 10.55 | 58.76 | -6.18 |
| IndiQube Spaces Ltd | NA | NA | 1.00 | -0.24 | NA | -7.65 |
Company information
Company profile
WeWork India Management Limited, incorporated in 2016, operates as a flexible workspace provider in India, offering a wide range of solutions including custom-designed buildings, floors, offices, enterprise suites, managed offices, private offices, co-working spaces, and hybrid digital options. It serves large enterprises, small businesses, startups, and professionals, delivering high-quality, adaptable workspaces. As of June 30, 2025, the company has 68 operational centers with a total capacity of 114,077 desks across eight cities, with Bengaluru and Mumbai contributing significantly to net membership fees. Its notable clients include Amazon Web Services India, JP Morgan Services India, Discovery Communications India, Deutsche Telekom Digital Labs India, CBA Services, and Grant Thornton Bharat, supported by a team of 583 employees
Strengths
- Strong Group Backing: Supported by Embassy Group with 30+ years of real estate expertise and a global partnership with WeWork.
- Premium Market Presence: Centres located in Grade A properties across major Tier 1 cities, covering ~7.07 million sq. ft. in prime business hubs.
- Wide Range of Workspace Solutions: Offers enterprise suites, managed offices, co-working, hybrid models, and flexible leases, built to global standards.
Risk factors
- ED Case Against Promoter: Ongoing proceedings under the PMLA, 2002 may affect the company’s reputation, operations, and financial health.
- SEBI Notices to Group Company: Show cause notices to EOPMSPL could have a negative impact on the company.
- Promoter Share Pledge: Pledged equity shares under borrowings may risk dilution of promoter holding and affect share price.
Promoters
Jitendra Mohandas Virwani
Karan Virwani
Registrar & documents
Lead manager
360 ONE WAM Limited, ICICI Securities Limited, Jefferies India Private Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited
Registrar & contacts
Link Intime India Private Ltd (MUFG)
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
6thFloor, Prestige Central 36, Infantry Road Shivaji Nagar Bengaluru, Karnataka, 560001
+91 8884564500
[email protected]Company website ↗Understanding WEWORK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.