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WeWork India IPO price band set at Rs 615-648 with share sale from Oct 3 to 7
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The IPO includes sale of over 4.6 crore shares, raising up to Rs 3,000 crore
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Shares will list on BSE and NSE on Oct 10 after allotment finalised on Oct 8
WeWork India Management Ltd. will offer shares in a price band of Rs 615-648 in the upcoming initial public offering, according to a public advertisement released on Monday. The IPO will be open between Oct. 3 and Oct. 7.
The WeWork India IPO comprises only an offer for sale of over 4.6 crore equity shares aggregating up to Rs 3,000 crore. The company will not receive any proceeds from the share sale.
Promoter Embassy Buildcon will offload 3.5 crore shares for Rs 2,294 crore, and WeWork Global affiliate 1 Ariel Way Tenant Ltd. will sell one crore shares for Rs 706 crore.
Bids can be made for a minimum of 23 equity shares, requiring an investment of Rs 14,904 for each lot.
The allotment of shares to IPO investors will be finalised on Oct. 8, and the shares will be credited on Oct. 9. WeWork India Management will list on the BSE and NSE on Oct. 10.
The company will seek investments from large institutions in the pre-IPO anchor round on Oct. 1.
JM Financial Ltd., ICICI Securities Ltd., Jefferies India Pvt., Kotak Mahindra Capital Co., and 360 ONE WAM Ltd. are appointed as the lead bankers for the offer.
Launched in 2017 by its then Adam Neumann-led beleaguered parent, WeWork India started out through a partnership with CEO Karan Virwani's Embassy Group. As of June 2025, the company's portfolio comprised 1,14,077 desks across 68 operational centres in eight cities.
The company's tenants include Amazon Web Services, JP Morgan Services, Deutsche Telekom, and Grant Thornton Bharat.
In June 2024, India's competition regulator had cleared WeWork Inc.'s exit from the Indian entity via a sale to Real Trustee Advisory Company. The two-step process cleared the way for a change in the ownership structure of the Indian coworking space operator.
Awfis Space Solutions Ltd., IndiQube Spaces Ltd., and Smartworks Coworking Spaces Ltd. will be the listed peers that WeWork India will be competing against once it debuts on the bourses.
WeWork India Management received SEBI's nod for an IPO in July.
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