Wework IPO

About Wework IPO

The Wework IPO Opening date is Oct 3, 2025, and the closing date is Oct 7, 2025. The allotment date is Oct 8, 2025, and the initiation of refunds is Oct 9, 2025. The listing date is Oct 10, 2025.

The Wework IPO has no fresh issue. It consists of an offer for sale of up to 43,753,952 equity shares bearing a face value of ₹ 10 each, aggregating up to ₹3000 crores. It’s a 100% book-built issue. The lot size for the IPO is 23 shares and the price band is between ₹615 and ₹648.

Wework India Management Ltd offers a comprehensive mix of flexible workspace solutions, including a mix of custom designed buildings, floors and offices, enterprise office suites, customised managed offices, private offices, co-working spaces, and hybrid digital solutions. Its value-added services include customisation of office spaces, parking, event spaces, advertising, food and beverage services and office infrastructure services.

Objectives of Wework IPO

The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholders after deduction of offer related expenses and relevant taxes thereon, to be borne by the selling shareholders.

Industry Outlook

Led by a steady space take-up in CY2023, the office market in India registered the second-peak gross absorption figures at 60.6 million sq. ft, representing a y-o-y growth of 9.7% vis-à-vis the previous year and an increase of approximately 52% over CY2021. Supported by domestic growth, improved mobility, and leasing activity by both domestic and global corporates, the office sector in India had an increase in absorption during H1 CY2024.

The total flexible workspace stock ranging between 62-64 Mn sq. ft.by the end of CY2023, is forecasted to grow to approximately 124-126 Mn sq. ft. across Tier 1 cities by end of CY2027 at a CAGR of 18 – 19%.

WeWork Company Information

Launched in 2017, Wework India Management Ltd is a leading premium flexible workspace operator in India and has been the largest operator by total revenue in the past three Fiscals, according to the CBRE Report.

According to the CBRE Report, they have established multi-asset relationships with various prominent developers across major Tier 1 cities. They lease primarily Grade A office space from such developers and, according to the CBRE Report, we design, build, and operate them as flexible workspaces as per global standards

As of September 30, 2024, its portfolio comprised 114,077 desks across 68 operational centres with an aggregate leasable area for operational centres of 7.67 million square feet.

Strengths of WeWork IPO

• Strong brand recognition and leadership in India and international presence
  
• 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
  
• One of the most extensive range of products and services in the industry
  
• Consistently growing high-quality, diverse and “sticky” member base
  
• Focus on premium pricing, capital efficiency, self-sufficient growth and robust balance sheet management driving financial performance
  
• Experienced leadership and management team
  

Risks of Wework IPO

• Proceedings initiated against the Promoter and the Chairman under the prevention of Money Laundering Act, 2002. Adverse outcome in this proceeding can impact the business.
  
• Geographical concentration risk in Bengaluru and Mumbai
  
• Lease agreements and their potential impact on business operations
  
• Dependence on top clients and potential business potential
  
• The company has incurred net losses in the past. A recurrence of negative cash flows in the future can impact the business
  
• A downgrade in their credit rating could adversely affect their ability to raise capital in the future.
  
• Any adverse development affecting Bangalore and Mumbai can impact the business
  

Anchor Investor Bidding Date

The anchor investor bidding date is Oct 1, 2025.

IPO Registrar and Book Running Lead Managers

• Registrar: MUFG Intime India Private Ltd, formerly Link Intime India Pvt Ltd
  
• Book Running Lead Managers: J M Financial Ltd, ICICI Securities Ltd, Jefferies India Pvt Ltd, Kotak Mahindra Capital Company Ltd, 360 One WAM Ltd
  

Business Model

Wework India Management Ltd offers a comprehensive mix of flexible workspace solutions, including a mix of custom designed buildings, floors and offices, enterprise office suites, customised managed offices, private offices, co-working spaces, and hybrid digital solutions. Its value-added services include customisation of office spaces, parking, event spaces, advertising, food and beverage services and office infrastructure services.

Wework India Company Growth Trajectory

The company’s revenue from operations increased by 67.58% from ₹784.435 crore in Fiscal 2022 to ₹1314.518 crore in Fiscal 2023 and by an additional 26.67% to ₹1665.136 crore in Fiscal 2024. It further went up to 1949.211 crores in FY2025. Its adjusted EBITDA margin grew from 14.55% to 21.61% from FY 2023 to FY 2025.

How to Check Allotment Status of Wework IPO?

Visit the Registrar’s Website

Visit the official website of MUFG Intime India Private Ltd and choose ‘Public Issues’ from ‘Investor Services’ dropdown. Choose the company name from the ‘Select Company’ dropdown. Enter either your PAN, application number, DP client ID, etc and click on ‘Submit’ to check status.

Check on Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select 'Equity' from the dropdown menu
  
• Choose 'Wework India Management Ltd' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search’ to know allotment status of Wework India Management Ltd IPO
  

Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use it to check Wework India Management Ltd IPO allotment status. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit' to know the allotment status of Wework India IPO

How to Apply for Wework IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.