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By Sushil Finance
1 October 2025 • 7 MINUTES READ
WeWorkIndia

WeWork India Management Limited IPO Update

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IPO Details

Issue Opening Date: October 3, 2025
Issue Closing Date: October 7, 2025
Issue Size: Rs. 3,000 Cr. (@ upper price band of Rs. 648)
Offer for Sale: Rs. 3,000 Cr.
Face Value: Rs. 10
Our View: Long Term Investment for High Risk Investors
Price Band: Rs. 615 to Rs. 648 per Equity Share
Employee Discount: Rs. 60 per Share
Lot Size: 23 Shares & multiples thereafter
Minimum Application Amount: Rs. 14,904/- (23 Shares)
Maximum Application Amount: Rs. 1,93,752/- (299 Shares)
Small HNI: Rs. 2,08,656/- (322 Shares)
Big HNI: Rs. 10,13,472/- (1,564 Shares)

Company Overview

Launched in 2017, WeWork India Management is a leading premium flexible workspace operator in India, backed by Embassy Group. According to the CBRE Report, it has been the largest operator by total revenue in the past three fiscals. The company leases Grade A office spaces, designs, builds, and operates them as modern flexible workspaces suitable for enterprises, SMEs, startups, and individuals.

As of June 30, 2025, 94% (7.07 million sq. ft.) of the portfolio is in Grade A developments. WeWork India is the exclusive licensee of the global WeWork brand in India, helping attract marquee clients like Amazon Web Services and JP Morgan Services India.


Key Highlights

Strong brand recognition and international presence
Leadership in a growing managed workspace market
Backing of Embassy Group and WeWork Global
Grade A properties in prime markets
Extensive product and service range
Strong and diverse member base
Premium pricing strategy and capital efficiency

Objects of the Issue

Offer for Sale of 46,296,296 equity shares of face value Rs. 10 each.
Listing benefits on stock exchanges.

Note: The company will not receive proceeds from the Offer for Sale.


Our View

WeWork India Management is a leader in India’s premium flexible workspace market with robust growth metrics. While its revenue and EBITDA have grown steadily (CAGR 22% and 25% between FY23–FY25), risks include intense competition, high fixed lease costs, regional concentration, and recent return to losses in Q1FY26. At a P/E of ~66x (FY25), the valuation is aggressive compared to the industry average of ~59x.

Considering India’s strong demand for flexible offices and WeWork’s brand leadership, this IPO suits investors with a long-term, high-risk appetite.



Frequently Asked Questions (FAQs)

What are the IPO dates for WeWork India Management Limited?
The IPO opens on October 3, 2025, and closes on October 7, 2025.

What is the price band of WeWork India IPO?
The price band is set at Rs. 615 to Rs. 648 per equity share with an employee discount of Rs. 60 per share.

What is the issue size of the WeWork India Management Limited IPO?
The issue size is Rs. 3,000 Cr., entirely through an Offer for Sale.

Should investors apply for the WeWork India IPO?
According to Sushil Finance, the IPO is suitable for long-term high-risk investors considering valuation and risks.


Brief Financials

PARTICULARS ₹ in Million
FY ’25 FY ‘24 FY ‘23
Total Income 20,240.01 17,371.64 14,227.74
Total Expenditure 21,328.93 18,699.16 15,696.58
EBITDA 12,359.51 10,437.91 7,956.10
Profit before Tax (1,108.83) (1,360.63) (1,468.84)
Profit after Tax 1,281.85 (1,357.73) (1,468.10)
E.P.S. (Diluted) 9.87 (10.73) (11.52)
P/E (x) (Diluted) 66 - -
RONW (%) 63.80 - -

PRICE CHART (@ ₹ 648) (Retail Category)

LOT SIZE
Amount
23 14,904
46 29,808
69 44,712
92 59,616
115 74,520
138 89,424
161 104,328
184 119,232
207 134,136
230 149,040
253 163,944
276 178,848
299 193,752

HNI Payment Chart

Category
No. of Shares Minimum Bid Lot Amount (Rs.)
Small HNI 322 208,656
Big HNI 1,564 1,013,472

Indicative Time Table

Tentative Events
Indicative Dates
Finalisation of Basis of Allotment with the Designated Stock Exchange 8/10/2025
Initiation of refunds/unblocking ASBA Fund 9/10/2025
Credit of Equity Shares to demat accounts of Allottees 9/10/2025
Commencement of trading of the Equity Shares on the Stock Exchanges 10/10/2025




Disclaimer:
The content provided in this blog is for informational and educational purposes only and should not be construed as investment, legal, or tax advice. While Sushil Finance makes reasonable efforts to ensure accuracy and reliability of the information, we do not guarantee its completeness or timeliness. Readers are advised to consult with their financial advisor before making any investment decisions. Sushil Finance shall not be held responsible for any direct or indirect loss arising from use of this content. Investments in securities are subject to market risks. Read all scheme-related documents carefully before investing.


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