WeWork India Set to Launch Rs 3,000 Crore IPO on Oct 3
WeWork India, based in Mumbai, is set to launch its Initial Public Offering (IPO) on October 3, with a price band of Rs 615-648 per share. The IPO aims to raise between Rs 2,847 crore and Rs 3,000 crore, valuing the company at about Rs 8,685 crore at the upper end of the range.
The IPO, led by Kotak Mahindra Capital Company, Nomura Financial Advisory & Securities (India), and IIFL Securities, will remain open for subscription until October 7. Allotment is expected on October 8, with the shares set to list on October 10.
The offer for sale comprises 4.63 crore shares, with 75% reserved for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Investors. Promoter Embassy Buildcon LLP will sell 3.54 crore shares, while affiliate Ariel Way Tenant Ltd will divest 1.09 crore shares. No fresh capital will be raised.
WeWork India operates 68 centres with 114,077 desks across eight cities, managing about 7.7 million sq. ft. of space. The company has expanded through acquisitions, including Zoapi Innovations and a 37.5% stake in Upflex Anarock India. In the June 2025 quarter, the company reported Rs 535.3 crore in revenue, with a net loss of Rs 14.1 crore.
The WeWork India IPO seeks to raise significant funds, with the company's implied valuation standing at about Rs 8,685 crore at the upper end of the price range. The proceeds from the sale will accrue solely to the selling shareholders.
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