The highly anticipated initial public offering (IPO) of WeWork India officially opened for subscription on October 3, 2025, and is set to close on October 7, 2025. The company seeks to raise Rs 3,000 crore through this book-built issue, which consists entirely of an offer for sale (OFS) involving 4.63 crore shares.
WeWork India IPO Price Band
The price band for the IPO has been established between Rs 615 and Rs 648 per share, with a minimum lot size of 23 shares for investors. For retail investors, the minimum investment required is ₹14,904, calculated on the higher end of the price band. Small Non-Institutional Investors (sNIIs) have the option to apply for up to 14 lots (322 shares), which amounts to ₹2,08,656, while Big Non-Institutional Investors (bNIIs) may apply for as many as 68 lots (1,564 shares), totaling ₹10,13,472.
WeWork India IPO Listing Date
The allotment of shares will be finalized on October 8, 2025, and the shares are anticipated to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 10, 2025. JM Financial Ltd. is serving as the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar for the issue.
WeWork India IPO GMP Today
Market analysts have reported that the grey market premium (GMP) for WeWork India’s IPO was noted at ₹5 as of October 6, 2025, at 11:58 AM. Based on the upper price band of ₹648, the predicted listing price stands at ₹653 per share, indicating a slight premium of 0.77%.
About WeWork India Management
Founded in 2016, WeWork India Management Ltd has emerged as one of the foremost providers of flexible workspace solutions in the country, catering to an array of clients including large corporations, startups, and independent professionals. The company specializes in offering custom-designed office spaces, enterprise suites, private co-working areas, and hybrid digital solutions.
As of June 30, 2025, WeWork India operated 68 centers with a total desk capacity of 1,14,077, distributed across eight Indian cities. Bengaluru and Mumbai are its largest markets, significantly contributing to the company’s membership revenue.
Analyst View: “Attractive Valuation, Strong Business Model”
A recent report from Emkay Global has emphasized that WeWork India Management (WWIM), the exclusive licensee of the WeWork brand in India, boasts a solid and scalable business model that is poised to capitalize on the growing demand for co-working and managed spaces.
“WWIM offers a diverse range of ready-to-move products (ranging from less than 10 to over 5,000 desks), providing the flexibility that enterprises require to scale operations or initiate business with minimal upfront investments,” noted Emkay.
The brokerage firm further highlighted that the company enjoys a weighted average membership tenure of 26 months, compared to a 4.1-year lock-in period with landlords, ensuring a consistent revenue stream. Notably, WeWork India features an industry-leading revenue-to-rent ratio of 2.7x, facilitating superior margins while mitigating cash flow risks, with the break-even occupancy point at around 55%.
“At the top price band of ₹648, the IPO is valued at approximately 21x EV/adjusted EBITDA based on FY25 projections, a figure that appears more favorable than that of many of its listed competitors,” the Emkay report added.
Bottom Line
WeWork India’s IPO, characterized by its strong operational footprint, diverse clientele, and improving financial metrics, offers a balanced opportunity for prospective investors. While short-term listing gains might remain modest, the company’s long-term prospects within India’s evolving workspace sector could render it an attractive option for growth-oriented investors.
Read More – RBIs New Measures Are Big Relief For NBFCs & Infra Lending NBFCs: Report
