SEBI Clears IPOs for WeWork India & Studds Accessories — OFS to Bolster Growth Plans
SEBI approves initial public offerings for WeWork India Management and Studds Accessories, both via Offer-for-Sale. Embassy Group and promoters to monetize stakes as both firms prep for listing on NSE/BSE
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The Securities and Exchange Board of India (SEBI) has approved the IPOs for two key firms—WeWork India Management and Studds Accessories—both structured as Offer-for-Sale (OFS), paving the way for major stakeholders to exit and tap into public markets
WeWork India Management Ltd
SEBI cleared the OFS of approximately 43.75 million shares, including 33.46 million from Embassy Buildcon and 10.29 million from 1 Ariel Way Tenant.
The ISOF comes after the company was taken out of abeyance, setting the stage for a ₹4,000 crore plus transaction. Promoted by Embassy Group (led by Jitu and Karan Virwani), WeWork India operates 59 centres with more than 94,000 desks in major Indian cities.
Studds Accessories Ltd
SEBI has approved the OFS of 7.78 million shares, with no fresh equity issuance. Selling shareholders include promoters and early stakeholders
India’s leading two-wheeler helmet maker, which reported ₹529 crore revenue and ₹57 crore profit in FY24, will list on both NSE and BSE. Managed by IIFL Capital and ICICI Securities.
Both IPOs are expected to launch in the coming weeks, with final issue size, pricing, and dates to be revealed via Red Herring Prospectuses.
