WeWork India IPO to Open on October 3: Key Details on Lot Size, Allotment, and Listing

Co-working major WeWork India is set to launch its much-awaited Initial Public Offering (IPO) on October 3, 2025, aiming to raise ₹3,000 crore through an Offer for Sale (OFS). The IPO window will close on October 7, while anchor investors can bid from October 1, as per the Red Herring Prospectus (RHP).

Unlike fresh issues that bring new capital into the company, this IPO is a pure OFS. About 4.63 crore equity shares will be sold by existing stakeholders, meaning WeWork India itself will not receive proceeds from the listing.

Shareholding Structure

Embassy Group: Holds ~76.21% stake, offloading part of its share.

WeWork Global: Holds ~23.45% stake, also selling in the IPO.

Company Background

Founded in 2017, WeWork India operates under an exclusive license to use the WeWork brand in India. Promoted by the Embassy Group, the company has grown into one of the largest players in the flexible workspace market.

Currently, WeWork India:

Manages 7.7 million sq. ft. of workspace, with 7 million sq. ft. operational.

Offers 1.03 lakh desks across major cities including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai.

Employs 500+ people.

The company raised ₹500 crore via a rights issue in January 2024, while WeWork Global had earlier infused $100 million in 2021.

Listing and Purpose

WeWork India shares are set to list on BSE and NSE on October 10, 2025. While the IPO won’t add fresh funds, the objectives include:

Enhancing brand visibility

Offering liquidity for existing investors

Building a public market presence in India

About WeWork India

Incorporated in 2016, WeWork India Management Limited provides a wide range of workspace solutions, including:

Custom-built offices

Enterprise suites

Managed offices

Co-working and private spaces

Hybrid digital solutions

As of June 30, 2025, the company operated 68 centres with a desk capacity of 114,077 across eight cities. Bengaluru and Mumbai remain its strongest markets, contributing the largest share of membership revenues.