WeWork India Management Ltd is launching its initial public offering (IPO) on October 3, 2025, with a total value of Rs 3,000 crore. The IPO consists of 4.63 crore shares, offered for sale (OFS), which means the company will not receive any proceeds from the issuance. The funds raised will be received by the selling shareholders after deduction of offer-related expenses and taxes.
Investors have the opportunity to subscribe to the WeWork India IPO until October 7, 2025. The price range set by the company for each share is between Rs 615 and Rs 648. Retail investors can purchase a minimum lot of 23 shares, requiring an investment of Rs 14,904 at the higher price point. Small non-institutional investors (sNII) have a minimum lot size of 14 lots (322 shares), amounting to Rs 2,08,656, while large non-institutional investors (bNII) must apply for at least 68 lots (1,564 shares), totaling Rs 10,13,472.
WeWork India secured Rs 1,348.26 crore from anchor investors on October 1, 2025, just before the IPO commenced. JM Financial Ltd is the book-running lead manager, and MUFG Intime India Pvt. Ltd is the registrar for the IPO.
Established in 2016, WeWork India provides various workspace solutions, including co-working spaces, managed offices, enterprise office suites, private offices, and hybrid digital solutions. The company operates 68 centers with a capacity of 1,14,077 desks across eight Indian cities as of June 30, 2025, with Bengaluru and Mumbai contributing significantly to its revenue stream.
Catering to a diverse clientele ranging from large enterprises to startups and independent professionals, WeWork India offers tailored workspace solutions ready for immediate use.
Analysts have differing opinions on the IPO. Angel One maintains a “Neutral” stance due to high valuations, highlighting WeWork India’s post-issue price-to-earnings (P/E) ratio of 67.7 times at the upper price limit. SBI Securities also rates the IPO as “Neutral,” noting a fair P/E multiple of 50.1 times FY25 earnings. Both brokerages recommend monitoring the stock’s performance post-listing before making investment decisions.
As of October 3, 2025, market observers report a grey market premium (GMP) of Rs 15 for WeWork India’s IPO, suggesting an anticipated listing price of Rs 663 per share, indicating potential listing gains of about 2.31%.
The WeWork India IPO provides an opportunity to invest in India’s expanding flexible workspace sector. However, since it is an offer for sale, the company will not directly benefit financially from the raised capital. Share allotment is expected to be finalized on October 8, 2025, with listing scheduled for October 10, 2025, on both the BSE and NSE.
Investors with a higher risk tolerance may consider participating in the IPO, although experts recommend observing the stock’s performance post-listing before making investment decisions.