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Wework India IPO

  • Status: Closed
  • RHP:
  • ₹ 14,145 / 23 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    10 Oct 2025

  • Listing Price

    ₹0.00

  • Listing Change

    -100.00%

  • Last Traded Price

    ₹623.45

Wework India IPO Details

  • Open Date

    03 Oct 2025

  • Close Date

    07 Oct 2025

  • Listing Date

    10 Oct 2025

  • IPO Price Range

    ₹ 615 - ₹648

  • IPO Size

    ₹ 3000 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

Wework India IPO Timeline

Wework India IPO Subscription Status

Last Updated: 07 October 2025 5:51 PM by 5paisa

WeWork India, operated under a licensing agreement with the global WeWork brand, is one of the leading flexible workspace providers in the country. Established in 2016, the company has grown into a significant player in the shared office space ecosystem, catering to enterprises, startups, freelancers, and professionals across metros and key business hubs. Its model is built on providing fully managed, technology-enabled workspaces with flexible leasing structures—an alternative to traditional commercial real estate that often requires high upfront costs and long-term commitments.

With over 100,000 desks and millions of square feet of managed office space across prime locations, WeWork India Management serves a wide range of sectors, including IT/ITeS, e-commerce, consulting, BFSI, and startups. The company focuses on offering collaborative, community-driven work environments supported by amenities such as high-speed internet, meeting rooms, events, and networking opportunities.

Established in: 2016

Managing Director: Karan Virwani

Metric Our Company Awfis Space Solutions Ltd. Smartworks Coworking Spaces Ltd. IndiQube Spaces Ltd.
Face Value (₹) 10 10 10 1
Revenue from Operations (₹ mn) 19,492.11 12,075.35 13,740.56 10,592.86
EPS (Basic) (₹) 9.93 9.75 (6.18) (7.65)
EPS (Diluted) (₹) 9.87 9.67 (6.18) (7.65)
P/E (x) [●]*** 59.38 NA## NA##
Return on Net Worth (%) 63.80% 14.78% (58.76)% NA#
Net Worth (₹ mn) 1,996.98 4,592.19 1,075.13 (31.11)
NAV per Equity Share (₹) 15.57 64.71 10.55 (0.24)
EV / Adjusted EBITDA (FY25) [●]*** NA* 35.74 NA*
Market Cap / Total Income (FY25) [●]*** 3.23 4.15 4.30
Market Cap / Tangible Assets (FY25) [●]*** 7.76 4.60 6.22

Wework India Objectives

Funding expansion of new centres across metros and tier-1 cities
Reducing debt and strengthening the balance sheet
Investing in technology platforms for workspace management
Enhancing brand visibility and market positioning
General corporate purposes
 

WeWork India IPO Size

Types Size
Total IPO Size ₹3,000 Cr
Offer For Sale ₹3,000 Cr
Fresh Issue -

WeWork India IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 23 14,145
Retail (Max) 13 299 1,83,885
S-HNI (Min) 14 322 1,98,030
S-HNI (MAX) 66 1,518 9,33,570
B-HNI (Min) 67 1,541 9,47,715

WeWork India IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 1.79 1,38,71,031 2,47,66,584 1,604.875
NII (HNI) 0.23 69,35,516 15,68,117 101.614
bNII (bids above ₹10L) 0.23 46,23,677 10,76,446 69.754
 sNII (bids below ₹10L) 0.21 23,11,839 4,91,671 31.860
Retail Investors 0.62 46,23,677 28,75,161 186.310
Total** 1.15 2,54,89,748 2,93,21,343 1,900.023

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (In ₹Crores.) FY23 FY24 FY25
Revenue 1314.5 1665.1 1949.2
EBITDA 795.61 1,043.79 1235.95
PAT -146.8 -135.7 128.1
Particulars (In ₹Crores.) FY23 FY24 FY25
Total Assets 4414.01 4482.7 5391.6
Share Capital 54.8 54.8 134.02
Total Borrowing 485.6 625.8 310.2
Particulars (In ₹Crores.) FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 941.89 1161.85 1289.95
Net Cash Generated From / (used in) Investing Activities -386.47 -393.41 -303.67
Net Cash Generated From / (used in) financing activities -533.75 -797.31 -983.77
Net Increase (Decrease) In Cash And Cash Equivalents 21.66 -28.88 2.49


Strengths

1. Strong brand recognition in coworking space
2. Large scale with pan-India presence
3. Diversified client mix across industries
4. Technology-enabled flexible workspace model
5. Growing share of enterprise clients
 

Weaknesses

1. High dependence on rental costs and leases
2. Thin margins due to capital intensity
3. Exposure to global WeWork brand perception
4. Limited presence outside metro hubs
5. Reliance on continued demand for flex offices
 

Opportunities

1. Growing hybrid and flexible work adoption
2. Increasing demand from SMEs and startups
3. Expansion into tier-2 and tier-3 cities
4. Rising preference for asset-light office models
5. Corporate cost optimisation boosting shared workspaces
 

Threats

1. Intense competition from local coworking players
2. Economic slowdowns impacting office demand
3. Rising real-estate and utility costs
4. Potential oversupply in prime business districts
5. Regulatory risks in commercial real estate
 

1. Market leader in India’s coworking sector
2. Beneficiary of rising hybrid and flexible workspace demand
3. Strong enterprise client base driving revenue stability
4. Brand-backed scale and diversified locations across metros
5. Clear expansion roadmap into new geographies
6. Opportunity to participate in India’s evolving office real estate market
 

India’s office space market is undergoing a shift, with demand for flexible workspaces rising sharply post-pandemic as companies adopt hybrid work strategies and optimise real-estate costs. WeWork India Management, being one of the largest organised players, is well-placed to capture this demand, especially among large enterprises seeking scalability and flexibility. With a growing focus on tier-2 cities, technology-led operations, and curated community experiences, the company is positioned to ride structural tailwinds in the coworking industry. However, sustaining profitability will depend on occupancy rates, cost discipline, and the ability to differentiate amidst rising competition.
 

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FAQs

WeWork IPO opens from October 3, 2025 to October 7, 2025.
 

The size of WeWork IPO is ₹3,000 Cr.
 

The price band of WeWork IPO is fixed at ₹615 to ₹648 per share.
 

Once the WeWork IPO is officially open, one can simply follow the process to apply for the IPO:

To apply for WeWork India Management IPO, follow the steps given below:

● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the WeWork IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of the WeWork IPO is of 23 shares and the investment required is ₹14,145.
 

The share allotment date of WeWork IPO is October 8, 2025.

The WeWork IPO will likely be listed on October 10, 2025.
 

JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
 

Funding expansion of new centres across metros and tier-1 cities
Reducing debt and strengthening the balance sheet
Investing in technology platforms for workspace management
Enhancing brand visibility and market positioning
General corporate purposes