WeWork India Management IPO Details

Introduction

WeWork India Management Limited is set to list on the Indian exchanges with a ₹3,000 crore public offer, opening for subscription from October 3–7, 2025. As the country’s largest premium flexible workspace operator, WeWork India manages 68 centers and over 114,000 desks in eight major cities, from Bengaluru and Mumbai to Delhi and Hyderabad. Its asset-light model, focused on design-driven workspaces and plug-and-play solutions for enterprises and startups, has helped it thrive in India’s fast-evolving office market.

IPO Details

• Issue Size: ₹3,000 crore (Offer for Sale; no fresh capital raised)
• Price Band: ₹615–₹648 per share
• Lot Size: 23 shares (minimum investment: ₹14,904)
• Bidding Window: October 3–7, 2025
• Allotment: October 8 | Listing: October 10 (NSE & BSE)
• Registrar: MUFG Intime India Private Limited.

Company Financials

WeWork India Management Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 194% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31-Mar-25	31-Mar-24	31-Mar-23
Assets	5,391.67	4,482.76	4,414.02
Total Income	2,024.00	1,737.16	1,422.77
Profit After Tax	128.19	-135.77	-146.81
EBITDA	1,235.95	1,043.79	795.61
NET Worth	199.7	-437.45	-292.11
Reserves and Surplus	65.68	-634.75	-346.92
Total Borrowing	310.22	625.83	485.61
Amount in ₹ Crore

Objective of the Issue 

The Company will not receive any proceeds from the Offer. All Offer Proceeds shall be received by the Selling Shareholder subsequent to the deduction of Offer-related expenses and applicable taxes, which shall be the responsibility of the Selling Shareholders.

Business Model & Growth Track

WeWork India operates by leasing Grade A office space from property developers, then converting and managing these as flexible, tech-enabled workspaces that it further sub-leases to its diverse clientele. Its revenue comes from workstations and meeting spaces for large enterprises (Amazon Web Services, JP Morgan, Discovery Communications), SMBs, startups, and freelancers. From private offices to custom-designed enterprise suites and hybrid digital solutions, WeWork India offers flexible terms, quality design, community experiences, and business amenities. As of June 2025, Bengaluru and Mumbai are major contributors to net membership fees.

The company’s recent turnaround to profitability, posting a ₹128.2 crore net profit for FY25, signals stronger management and resilience versus global peers. Despite setbacks in its parent’s international business, WeWork India has seen stable occupancy, asset-light expansion, and local demand for flexible work environments.

Operational Highlights

• Scale: 68 centers, 8 cities, 114,077 desk capacity (June 2025)
• Portfolio: Over 6.48 million sq. ft., 93% of which is Grade A space
• Clientele: Large enterprises, startups, and SMBs
• Employees: 583 (as of June 2025)
• Occupancy & Retention: Consistently high, especially in tier-1 metro locations.

Strengths

• Market leader in Indian flexible workspace segment
• Asset-light, scalable model emphasizing premium locations and design
• Blue-chip client base with strong revenue contributions from enterprises
• Tech-enabled management, paperless onboarding, and community building

Risks

• Pure OFS: IPO proceeds go to selling shareholders, not to company growth or expansion
• High dependency on urban office demand and economic health
• Parent company’s global struggles may affect perception and partnerships
• Competition from local and global co-working brands

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

Final Thoughts:-

WeWork India Management’s IPO is an opportunity to invest in the country’s flexible office ecosystem—serving everyone from Fortune 500s to newest startups, anchored by tech, design, and adaptability

FAQs

Q1: What are the IPO subscription dates?
October 3–7, 2025; listing is October 10, 2025.

 Q2: What is the minimum application size?
23 shares per lot; minimum ₹14,904 at the upper price band.

Q3: Is it a fresh issue or OFS?
100% Offer for Sale. No new capital will go to the company; promoters and investors are partially exiting.

Q4: What is unique about WeWork India’s business?
It enables businesses to scale flexibly in premium office spaces with tech integration, amenities, and custom design—serving both large enterprises and agile startups.

Q5: Is WeWork India profitable?
Yes—net profit of ₹128.2 crore posted in FY25, marking a turnaround versus prior years.

Q6: What percentage is reserved for retail investors?
10% for retail, 75% for QIBs (institutions), 15% for NIIs, plus employee quota.