WeWork India Management, a co-working space provider, has announced plans to raise ₹3,000 crore through an initial public offering (IPO). The offer consists of a sale of 4.63 crore equity shares, with up to 3.54 crore shares being offered by Embassy Buildcon LLP and the remaining 1.09 crore shares by 1 Ariel Way Tenant.
The bidding for anchor investors will commence on Wednesday, while other bidders will be able to participate starting Friday. The price band for the shares has been set between ₹615 and ₹648, with a minimum bid requirement of 23 equity shares, in multiples of 23.
The shares are expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The lead managers for the IPO include JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital Company, and 360 ONE WAM.
Founded in 2017, WeWork India currently operates 68 centers across eight cities, offering a total capacity of 1.14 million desks. Bengaluru constitutes 46 percent of this capacity, while Mumbai accounts for 23 percent. Service and ancillary revenue streams, which encompass customization, parking, meeting rooms, events, advertising, and food services, contribute 10 percent to the company’s total revenue.
Published on September 29, 2025.
