IPO Details
Bidding Dates
03 Oct 25 - 07 Oct 25
Price Range ₹
615 - 648
Total Equity
₹ 2835.26Cr
Lot Size
23
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.37×
Qualified Institutional Buyers
0.09×
Employees
1.44×
Retail Investors
0.37×
Total subscription Rate
0.13×
IPO Timeline
Listing
--
Offer start
03 Oct 2025
Offer end
07 Oct 2025
Allotment
08 Oct 2025
Refund initiation
09 Oct 2025
Demat transfer
09 Oct 2025
Listing
--
Offer start
03 Oct 2025
Offer end
07 Oct 2025
Allotment
08 Oct 2025
Refund initiation
09 Oct 2025
Demat transfer
09 Oct 2025
About Company
WeWork India Management Limited, incorporated in 2016, is a leading flexible workspace provider in India, offering customized office spaces, co-working options, and hybrid digital solutions. As of June 30, 2025, it operated 68 centers with 114,077 desks across eight cities, notably Bengaluru and Mumbai. The clientele includes major enterprises such as Amazon Web Services, JP Morgan, and Deutsche Telekom. The company is backed by the Embassy Group and WeWork Global, with a presence in Grade A properties.Financially, WeWork India reported a 17% revenue increase to ₹2,024 crore in FY25 and turned profitable with a PAT of ₹128.19 crore compared to a loss in FY24, boosted by deferred tax gains. EBITDA margin stood at 63.41%, and RoNW at 63.80%. The company had a net worth of ₹199.70 crore and borrowing of ₹310.22 crore. The IPO is an Offer for Sale with no fresh capital raise, targeting a market capitalization of ₹8,684.71 crore.
Year Founded
13-05-2016
Promotor Details
Jitendra Mohandas Virwani
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 76.21 | 0 |
| Share Capital | 102142690 | 0 |
Offer to Public
4,37,53,952.00 Cr
Project Details
- None - Nonecr
Highlights
- First profitable fiscal year showing a turnaround.
- Strong backing by Embassy Group and WeWork Global.
- Leadership in the growing flexible workspace market.
- Diverse client base of large enterprises and startups.
- Presence in prime Grade A locations across major cities.
Challenges
- Profit aided by deferred tax gains, underlying pre-tax loss persists.
- Highly competitive sector with evolving market dynamics.
- High valuation with Price to Book of 41.62 and PE ratio at 67.75.
- High dependency on urban centers like Bengaluru and Mumbai.
- IPO only an OFS, no fresh capital infusion for expansion.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 44,827.61 | 1,973.00 | -6,429.98 | -6,429.98 | -83.8018 |
| 2022 | 39,723.06 | 548.06 | 1,281.85 | 1,273.98 | 9.5057 |
| 2025 | 51,066.76 | 1,340.23 | -6,429.98 | -6,429.98 | -83.8018 |
| 2023 | 44,140.17 | 548.06 | -6,429.98 | -6,429.98 | -83.8018 |
