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HomeIPOWeWork India Management

About WeWork India Management

Incorporated on May 2016, WeWork India Management Limited is an operator of flexible workspace in India.The company offers a full range of flexible workspace options, including custom-designed buildings, floors and offices, enterprise office suites, managed offices customized to individual needs, private offices, co-working, and hybrid digital solutions.The company offers flexible, high-quality workspaces for members or clients. The company's customer base comprises large organizations, small organizations, start-ups, and professionals.The firm mostly sublets Grade A office space from developers and runs them as adaptable workspaces. On June 30, 2024, 93% of its portfolio, which is 5.87 million square feet, consisted of Grade A developments, as reported by CBRE.As of September 30, 2024, the firm had 94,440 desks in 59 Operational Centres spanning 6.48 million square feet.The clients of the company are Amazon Web ServicesIndia Private 227Limited, JP MorganServices India Private Limited, DiscoveryCommunications India, Deutsche TelekomDigital Labs Private Limited, CBA Services Private Limited and Grant Thornton Bharat LLP.As of September 30, 2024, the company has branches in Pune, Bangaluru, Mumbai, Chennai, Hyderabad, Noida, Gurgaon and Delhi.As of September 30, 2024, the company had 523 permanent employees, including 15 from the subsidiaries.

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Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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WeWork India Management

WeWork India Management

Open Date

03 Oct 2025

Close Date

07 Oct 2025

listed

Min Investment

₹14904

Lot Size

23 Shares

Issue Size

₹3000 Cr

Price Range

₹615 - ₹648

Listing Date

Oct 10, 2025

IPO Doc

RHP PDF

Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

Grey Market Premium (GMP) Trend

WeWork India Management IPO - Issue Objectives

The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders The company want to achieve the benefits of listing its shares on the stock exchanges.

1

Carry out the offer for sale

The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders

2

Listing on stock exchanges

The company want to achieve the benefits of listing its shares on the stock exchanges.

IPO Subscription Status

Total
1.15x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of WeWork India Management

In Cr.

Key Performance Indicator31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue2024.001737.161422.77
EBITDA1235.951043.79795.61
Expenses
Profit After Tax128.19-135.77-146.81
Assets5391.674482.764414.02
Net Worth199.70-437.45-292.11
Reserves65.68-634.75-346.92
Borrowing310.22625.83485.61

WeWork India Management - Promoter(s)

Work India Management

Live Subscription Details

View Subscription Details

Anchor Investor Shares Offered

QIB Shares Offered

NII (HNI) Shares Offered

bNII < ₹10L

sNII < ₹10L

Retail Shares Offered

Employee Shares Offered

Shares Offered / Reserved

Day 1 03-10-25 05:00 PM

Day 2 06-10-25 05:00 PM

Day 3 07-10-25 05:00 PM

Assets

Revenue

Profit After Tax

Net Worth

Reserves & Surplus

WeWork India

Awfis Space

Smartworks

IndiQube

Pre Issue Share Holding

N/A

Post Issue Share Holding

N/A

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Strong brand recognition

According to AGR, the company consistently recorded the highest search volume throughout October 2023 to December 2024 (being 4x that of its closest competitor in the period of October 2023 to September 2024). The company has been ranked first among competitor flexible workspace operators identified by AGR in terms of brand awareness.

02

Presence in top-tier micro markets

The company has established multi-asset relationships with various prominent developers across major Tier 1 cities such as Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. Grade A properties accounted for approximately 94% of the portfolio, or 7.07 msf.

03

Extensive range of products and services

According to the CBRE Report, the company has one of the most extensive range of products and services in the flexible workspace industry in India and offers a wide range of services such as enterprise office suites, customised managed offices, co-working spaces and more. It offers high-quality workspaces, building and operating at Global Standards.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Promoter-linked regulatory proceedings

There are ongoing proceedings against the company’s promoter, Jitendra Mohandas Virwani, by the Enforcement Directorate under PMLA, 2002, relating to alleged irregularities in land development projects. Any adverse outcome could impact the company’s governance credibility and investor confidence.

02

Declining occupancy rate

Operational centre occupancy declined from 83.78% in FY23 to 76.48% as of June 30, 2025, while mature centre occupancy dropped from 88.18% to 81.23% over the same period. Declining occupancy weakens revenue visibility and may impair the ability to cover fixed lease rentals, resulting in margin pressure.

Registrar Contact Details

MUFG Intime India Pvt.Ltd.

6th Floor, Prestige Central, 36, Infantry Road, Shivaji Nagar, Bengaluru, Karnataka - 560001

+918884564500
weworkindia.ipo@linkintime.co.in
https://wework.co.in/

WeWork India Management IPO - FAQs

WeWork India Management IPO is a Mainboard IPO. The issue is priced at ₹615-648 per equity share. The minimum order quantity is 23 Shares. The IPO opens on 3 Oct, and closes on 7 Oct. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2025-09-30
  • Bidding Starts2025-10-03
  • Bidding Ends2025-10-07
  • Allotment Finalisation2025-10-08
  • Release of Funds2025-10-09
  • Demat Transfer2025-10-09
  • Listing2025-10-10
04

Diverse and long-standing customer base

As of June 30, 2025, the company had 87,247 members, serving a wide set of marquee clients, including large enterprises, MNCs, startups and individuals. Revenue from existing customers contributed 45.39%, 51.79%, 57.84% and 34.50% of the desks sold, which does not include renewals in the Q1FY26 and FY25, FY24 and FY23, respectively. It has continuously expanded its Total Contract Value -Net Membership Fees, with a CAGR of 32.46% from FY23 to FY25.

03

Dependency on limited landlords

The company’s top 10 landlords account for 34.31% of total operational lease area as of June 30, 2025, 34.33% in FY25 and 38.62% in FY24. If there are disruptions in the relationships with such landlords, a substantial percentage of its lease agreements may be terminated.

04

Execution risks in fit-outs and construction

The company relies on third-party contractors for refurbishments and new centre developments. Past delays have already led to penalties, such as ₹4.19 crore paid in July 2022 for the late delivery of floors. Cost overruns, contractor disputes, or delays in landlord approvals could further strain financials and affect expansion plans.

05

Pending litigations with key lessors

The company is engaged in multiple disputes with landlords such as KGA Investments and Dimple Enterprises. KGA alleged dues of ₹32.44 crore for the Chromium property in Mumbai, while Dimple Enterprises has claimed ₹17.83 crore regarding the K Raheja Platinum property in Mumbai, alleging non-disclosure of material litigation in the DRHP. These unresolved disputes could expose the company to significant financial liabilities, reputational issues and impact operations.