Wework India Management Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Wework India Management Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹648
Per ShareLot Size
23 Shares
Minimum Investment
₹14,904
Issue Size
₹3,000 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Wework India Management Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
76.21%
Promoter Holding (Post-Issue)
49.8%
Issue Type
Book Building
ISIN
INE085001019
About the Company
Launched in 2017, we are, according to the CBRE Report, a leading premium flexible workspace operator in India, and have been the largest operator by total revenue in the past three Fiscals. We provide flexible, highquality workspaces to our customers which include companies of all sizes: large enterprises; small and mid-size businesses; startups; individuals. We lease primarily Grade A office space and, according to the CBRE Report, we design, build, and operate them as flexible workspaces per global standards(1). According to the CBRE Report, approximately 94% (7.07 million sqft) of our portfolio was in Grade A developments (June 30, 2025).
Industry Overview
We operate in India, which, according to the CBRE Report, is one of the fastest-growing economies and the fourth-largest economy in the world, as of June 2025. According to the CBRE Report, flexible workspaces are becoming an integral part of the commercial office market, with total flexible workspace stock ranging between 82-86 million sqft by end 2024 forecasted to grow to approximately 140-144 million sqft across Tier 1 cities by end 2027 at a CAGR of approximately 18-20%, with an increasing focus by end users on flexibility, capital efficiency, cost optimization, hybrid / distributed working, employee well-being, and a focus on core business activity, amongst other things.
Company History
Our Company was incorporated as "Halosaur Bengaluru Private Limited" on May 13, 2016, as a private limited company under the Companies Act 2013, at Bengaluru, Karnataka pursuant to a certificate of incorporation issued by the Central Registration Centre ("CRC"). Subsequently, pursuant to a resolution passed by our Board dated November 29, 2016, and a special resolution passed by our Shareholders dated December 10, 2016, the name of our Company was changed to "WeWork India Management Private Limited", and a fresh certificate of incorporation dated December 23, 2016, was issued by the Registrar of Companies, Karnataka at Bengaluru ("RoC"). Upon the conversion of our Company into a public limited company, pursuant to a resolution passed by our Board on September 27, 2024, and a special resolution passed by our Shareholders on October 18, 2024, the name of our Company was changed to "WeWork India Management Limited", and a fresh certificate of incorporation dated November 19, 2024, was issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is, according to the CBRE Report, a leading premium flexible workspace operator in India, and has been the largest operator by total revenue in the past three Fiscals.
Growth Strategy
- Continue to deepen our presence in existing cities and expand in key micro-markets with strong demand for flexible workspace solutions.
- Continue to focus on unit economics.
- Invest in new products and technology to diversify revenues through product innovation and inorganic expansion.
- Data backed and tech-based approach to expansion and improving margins.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 46,296,296 equity shares bearing face value of Rs. 10/- each (the "Equity Shares") of Wework India Management Limited ("Company" or "Issuer") for cash at a price of Rs. 648 per equity share including a share premium of Rs. 638 per equity share (the "Offer Price") aggregating to Rs. 3000 crores through an offer for sale (the "Offer") of 35,402,790 equity shares by the promoter selling shareholder aggregating to Rs. 2293.83 crores and up to 10,893,506 equity shares by the investor selling shareholder aggregating to Rs. 705.82 crores (Collectively, the "Selling Shareholders") (the "Offer for Sale" and such Equity Shares, the "Offered Shares"). The offer includes a reservation of up to 59,523 equity shares of face value of Rs. 10/- each, aggregating to Rs. 3.5 crores (Constituting up to 0.04 % of the Post Offer Paid-up Equity Share Capital of the Company for Subscription by Eligible Employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 33.33 % and 33.29 %, respectively, of the post-offer paid-up equity share capital of the company. The company may, in consultation with the brlms, offer a discount of Rs. 60 on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). Price Band: Rs. 615/- to Rs. 648/- for equity share of face value of Rs. 10 each. The floor price is 61.50 times times the face value and cap price is 64.80 times of the face value of the equity shares. Bids can made for a minimum of 23 equity shares and in multiples of 23 equity shares thereafter. A discount of Rs. 60 per equity share is being offered to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strong brand recognition and leadership in India and international presence.
- Leadership in a rapidly growing market.
- Backed by the Embassy Group, one of India's top developers, and relationship with WeWork Global, a global flexible workspaces operator.
- Presence in Grade A properties in top-tier micro markets and strong relationships with top developers.
- One of the most extensive range of products and services in the industry.
- Proceedings had been initiated by the Enforcement Directorate against our Promoter and Chairman, Jitendra Mohandas Virwani in 2014 under the Prevention of Money Laundering Act, 2002 and any adverse outcome in this proceeding may adversely impact our business, reputation, financial condition and results of operations.
- Our Group Company, Embassy Office Parks Management Services Private Limited ("EOPMSPL") has received show cause notices under the Securities and Exchange Board of India Act, 1992 which may have adverse impact on our Company.
- One of our Promoters has pledged their Equity Shares with a security trustee under our promoter borrowing arrangements. Any exercise by lenders of such pledges would dilute the shareholding of the Promoters which may adversely affect our business and the share price of the Equity Shares.
- We will not receive any proceeds from the Offer for Sale portion.
- We have incurred net losses, had negative Restated Earnings / (loss) per equity share - Basic and negative Restated Earnings / (Loss) per equity share - Diluted in the three months ended June 30, 2025, the three months ended June 30, 2024, Fiscals 2024 and 2023 and had net decrease in cash and cash equivalents in the three months ended June 30, 2025, the three months ended June 30, 2024 and Fiscal 2024, and may continue to do so in the future. If we are unable to generate and sustain increased revenues while managing our expenses to achieve profitability, our business, results of operations, cash flows and financial condition may be adversely impacted.