WeWork India Management IPO
Bookbuilding IPO | ₹3,000.00 Cr | Listing at BSE, NSE
IPO Open
Fri, Oct 03, 2025
IPO Close
Tue, Oct 07, 2025
Price Band
₹615.00 to ₹648.00
Market Cap (Pre-IPO)
₹8,684.71 Cr
IPO Details
| IPO Date | Oct 03, 2025 to Oct 07, 2025 |
| Listing Date | Tentative: Oct 10, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹615.00 to ₹648.00 |
| Lot Size | 23 Shares (Minimum: ₹14,904.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹3,000.00 Crores |
| Total Shares Offered | 46,296,296 shares |
| Offer For Sale | 46,296,296 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 1.79x |
| NII | 0.23x |
| RII | 0.62x |
| Total | 115.00x |
WeWork India Management IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 3,46,77,581 (74.90%) |
| Retail Shares Offered | 46,23,677 (9.99%) |
| NII Shares Offered | 69,35,515 (14.98%) |
WeWork India Management IPO Lot Size
Investors can bid for a minimum of 23 shares and in multiples thereof.
| Application | Lots | 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 | 1,541 | ₹998,568 |
| B-HNI (Min) | 68 | 1,564 | ₹1,013,472 |
WeWork India Management Financial Information (Restated Consolidated)
WeWork India Management Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 194% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 | 199.70 | -437.45 | -292.11 |
| Reserves and Surplus | 65.68 | -634.75 | -346.92 |
| Total Borrowing | 310.22 | 625.83 | 485.61 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 0.00% |
| Debt/Equity | 0.00 |
| RoNW (Return on Net Worth) | 63.80% |
| PAT Margin (Profit After Tax Margin) | 0.00% |
| EBITDA Margin | 63.41% |
| Price to Book Value | 41.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.56 | 9.56 |
| P/E (x) | 67.75 | 67.75 |
| Promoter Holding | 73.56% | 48.07% |
Company Promoters
- The company's promoters are Jitendra Mohandas Virwani
- Karan Virwan
- and Embassy Buildcon LLP.
Company Overview
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India.
The organisation provides a comprehensive array of flexible workspace solutions, encompassing custom-designed buildings, floors and offices, enterprise office suites, tailored managed offices, private offices, co-working spaces, and hybrid digital solutions.
The company provides flexible, high-quality workspaces for clients or members. The company's clientele includes large enterprises, small businesses, startups, and professionals.
As at June 30, 2025, we had 68 Operational Centres with 114,077 Desks Capacity in Operational Centres across eight cities in India, of which Bengaluru and Mumbai contributed a significant portion of our Net Membership Fees in these periods/years.
The company's clients include Amazon Web ServicesIndia Private 227 Limited, JP MorganServices India Private Limited, DiscoveryCommunications India, Deutsche TelekomDigital Labs Private Limited, CBA Services Private Limited and Grant Thornton Bharat LLP.
As of June 30, 2025, the company has 583 eployees.
Company Strengths
- Category-defining, aspirational brand, with strong international branding.
- Leadership in a rapidly growing market.
- Backed by the Embassy Group, one of India’s top developers, and relationship with WeWork Global, a global flexible workspaces operator.
- Presence in Grade A properties in top-tier micro markets and strong relationships with top developers.
- Extensive range of products and services in the industry.
WeWork India Management IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Our Company | 9.93 | 9.87 | 15.57 | 0.00 | 63.80 | 0.00 | - |
| Awfis Space Solutions | 9.75 | 9.67 | 64.71 | 59.38 | 14.78 | 0.00 | - |
| Smartworks Coworking Spaces | -6.18 | -6.18 | 10.55 | 0.00 | -58.76 | 0.00 | - |
| IndiQube Spaces | -7.65 | -7.65 | -0.24 | 0.00 | 0.00 | 0.00 | - |
Quick Info
| Sector | Flexible Workspace or Coworking |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹8,684.71 Cr |
Important Dates
| IPO Open | Oct 03, 2025 |
| IPO Close | Oct 07, 2025 |
| Allotment Date | Oct 08, 2025 |
| Credit to Demat | Oct 09, 2025 |
| Listing Date | Tentative: Oct 10, 2025 |
Lead Manager(s)
JM Financial Ltd.
Registrar
Description
- WeWork India Management Ltd. IPO is a book build issue of ₹3,000.00 crores. The issue is entirely an offer for sale of 4.63 crore shares of ₹3,000.00 crore.
- WeWork India IPO bidding started from Oct 3, 2025 and ended on Oct 7, 2025. The allotment for WeWork India IPO was finalized on Oct 8, 2025. The shares got listed on BSE, NSE on Oct 10, 2025.
- WeWork India IPO price band is set at ₹648.00 per share . The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,904 (23 shares) (based on upper price). The lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,08,656, and for bNII, it is 68 lots (1,564 shares), amounting to ₹10,13,472.
- The issue includes a reservation of up to 59,523 shares for employees offered at a discount of ₹60.00 to the issue price.