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WeWork India Management IPO

WeWork India Management IPO — date, price band, GMP & allotment 2025

WeWork India Management IPO is expected to attract strong interest as the company is one of India’s leading premium co-working space providers. Backed by reputed investors, it operates in major cities and focuses on flexible office solutions for enterprises and startups. The IPO will help the company expand centres, reduce debt, and strengthen its market position in India’s growing flexible workspace industry.

Stock price

WeWork India Management is listed — here is the live share price.

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The verdict
Strong Apply
89 / 100 · 11 reviews
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Grey market premium
₹0
Unofficial market indicator
GMP history →
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Overall, across all categories
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Minimum to apply
₹14,904
1 lot · 23 shares at ₹648
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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 15 September.

Key dates Listed
  1. Open 03 Oct 2025
  2. Close 07 Oct 2025
  3. Allotment 08 Oct 2025
  4. Refund/credit 09 Oct 2025
  5. Listing 10 Oct 2025

Issue summary

The terms of the offer, as filed.

IPO Dates 3 to 7 Oct, 2025
Price Band ₹615 – ₹648
Face Value ₹10
Lot Size 23 Shares
Issue Size ₹3000 Cr
Sale Type OFS only
Listing On BSE, NSE
Employee Discount Rs 60.00 per share
Registrar MUFG Intime India Private Limited
Min Investment ₹ 14,904
Reservation
QIB 75%
NII 15%
Retail 10%
Employee 0.13%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 23 shares at the ₹648 cut-off. Drag to size your application.

shares
1 lot lots
Application Lots Shares Amount
Retail (min) 1 23 ₹14,904
Retail (max) 13 299 ₹1,93,752
S-HNI (min) 14 322 ₹2,08,656
S-HNI (max) 67 1,541 ₹9,98,568
B-HNI (min) 68 1,564 ₹10,13,472

Three years of numbers

All figures in ₹ crore, as reported in the WeWork India Management offer document.

Total income
2,024.00
1,423
1,737
2,024
31 Mar 202331 Mar 202431 Mar 2025
Profit after tax
128.19
-147
-136
128
31 Mar 202331 Mar 202431 Mar 2025
EBITDA
1,235.95
796
1,044
1,236
31 Mar 202331 Mar 202431 Mar 2025
Metric 31 Mar 2025 31 Mar 2024 31 Mar 2023
Revenue 2,024.00 1,737.16 1,422.77
OPM % 61.0 62.7
EBITDA 1,235.95 1,043.79 795.61
Net Profit 128.19 -135.77 -146.81
Debt 310.22 625.83 485.61
Assets 5,391.67 4,482.76 4,414.02

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the WeWork India Management RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
67.75
EPS (₹)
9.56
RoNW
63.80

WeWork India Management IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹9.56
P/E Ratio (x) 67.75
Market Cap at Offer Price (₹ Cr) ₹8,689.03

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹648 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

How the company intends to use the proceeds of the issue.

Not stated

About the company

WeWork India Management Limited is a leading flexible workspace provider in India and operates as the exclusive licensee of the global WeWork brand. The company was originally incorporated in 2016 as Halosaur Bengaluru Private Limited and later rebranded to its current name the same year. It is promoted by the real estate-focused Embassy Group, led by Jitendra (Jitu) Virwani, with Karan Virwani playing a key role in management. Since its inception, the company has expanded its presence across major Indian cities by leveraging the growing demand for modern, flexible office solutions among startups, enterprises, and freelancers.
The company’s core offering includes fully managed coworking spaces, private offices, and enterprise solutions designed to global standards. Its business model is primarily based on leasing premium office spaces on long-term contracts, redesigning them into flexible workspaces, and sub-leasing them to clients on shorter, scalable terms. In addition, it follows an operator-led model where it manages spaces on behalf of landlords and earns revenue through membership fees and management contracts. Backed by strong real estate expertise and brand affiliation with WeWork Global, the company focuses on providing high-quality infrastructure, community-driven work environments, and flexible leasing solutions to businesses of all sizes.

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
Embassy Buildcon LLP, Jitendra Mohandas Virwani, Karan Virwan
Promoter holding
13,40,23,259 13,40,23,259
Pre-issue → post-issue
Registered office
6thFloor, Prestige Central 36, Infantry Road Shivaji Nagar Bengaluru, Karnataka, 560001
+91 8884564500

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
JM Financial Ltd. View track record →
Book-running lead manager
ICICI Securities View track record →
Book-running lead manager
Kotak Mahindra Capital Co.Ltd. View track record →
Book-running lead manager
Jefferies India Private Limited View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP
Draft RHP
SEBI filing
The draft filed ahead of approval, useful for comparing what changed.
Open the DRHP

WeWork India Management IPO Documents

Read the filings this page is built from.

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

JM Financial Ltd.

29 issues handled
Listed in Profit 76% 19 of 25 listed
Avg Listing Gain +15.7% across 25 issues
Listed Below Issue 6 of 25 listed

Best listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).

ICICI Securities

22 issues handled
Listed in Profit 76.5% 13 of 17 listed
Avg Listing Gain +15.3% across 17 issues
Listed Below Issue 4 of 17 listed

Best listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).

Kotak Mahindra Capital Co.Ltd.

15 issues handled
Listed in Profit 69.2% 9 of 13 listed
Avg Listing Gain +16.6% across 13 issues
Listed Below Issue 4 of 13 listed

Best listing: Corona Remedies (+38.4%). Weakest: Amagi Media Labs (-12.2%).

Listed in Profit 66.7% 4 of 6 listed
Avg Listing Gain +11% across 6 issues
Listed Below Issue 2 of 6 listed

Best listing: Dhoot Transmission (+37.8%). Weakest: Turtlemint Fintech Solutions (-10.4%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
WeWork India Management
Email

Frequently asked

What is the GMP of WeWork India Management?

The current Grey Market Premium is ₹0.

What is the WeWork India Management IPO price band?

₹615 to ₹648, on a face value of ₹10.

When is the allotment?

The basis of allotment is 8 October 2025, with listing on 10 October 2025.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.

WeWork India Management IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹0
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Min bid
₹14,904
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