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WeWork India IPO — Check price band, timeline and other details for upcoming ₹3,000 crore issueWeWork India's promoter Embassy Buildcon LLP will be selling 3.54 crore shares, while investor 1 Ariel Way Tenant Ltd (WeWork International) will be selling 1.089 crore shares.By Reema Tendulkar    | Shloka Badkar   September 29, 2025, 7:44:05 AM IST (Published)3 Min ReadCo-working major WeWork India has set a price range of ₹615-₹648 for its initial public offering (IPO), that will open for subscription on Friday, October 3.

The company is looking at raising around ₹2,847 crore to ₹3,000 crore via the issue, which is set to be a pure offer for sale (OFS). There will be no fresh issue of shares.

Retail investors can purchase a minimum lot of 23 shares for ₹14,904 per lot and then bid in multiples of 23 shares thereafter.

WeWork India's promoter Embassy Buildcon LLP will be selling 3.54 crore shares, while investor 1 Ariel Way Tenant Ltd (WeWork International) will be selling 1.089 crore shares.

Prior to the IPO, Embassy holds 73.56% stake and WeWork International holds 22.64% stake in the company.

As much as 75% of the offer is reserved for qualified institutional buyers (QIB) and 15% is for non-institutional investors (NII).

Bidding for the three-day issue will close on Tuesday, October 7.

The allotment will be finalised on October 8 and the shares are likely to list on the National Stock Exchange and Bombay Stock Exchange on October 10.

JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, 360 ONE WAM are the book running lead managers for the issue.

WeWork India was launched in 2017. The flexible workspace operator has 68 operational centres with 11.4 lakh desks capacity across eight cities in India. Of this, Bengaluru accounts for 46.1% while Mumbai accounts for 22.64%.

Financial Performance

WeWork India reported a 19.3% increase in its June quarter revenue of ₹535.3 crore compared to ₹448.6 crore in the previous year.

It reported an adjusted earnings before interest taxes depreciation and amortisation (EBITDA) margin of 18.05% in the first quarter compared to 21.67% in the previous year.

The company reported a net loss of ₹14.1 crore in the the quarter under review compared to ₹29.1 crore in the previous year. Its average revenue per member / billed desk declined 3.3% to ₹19,085 from ₹19,744.

WeWork Global

WeWork India pays management fees to WeWork Global as a fixed percentage of revenue. The management fee expense comprised 3.65% of its revenue from operations in the financial year 2024 compared to 4.02% in the year-ago period.

Its borrowing stood at ₹389 crore as of June 2025.

Service and ancillary revenue such as customisation, parking, additional meeting rooms, event spaces, advertising, food and beverage services account for 9.7% of its overall revenue.

Past acquisitions

In December 2022, WeWork acquired Zoapi Innovations Pvt Ltd., which is a cloud-based video conferencing platform. In October 2023, it acquired 37.5% stake in Upflex Anarock India Pvt Ltd., which is an online aggregator of coworking spaces.

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