WeWork India Set for Rs 3,000 Crore IPO on October 3
WeWork India is set to make its stock market debut with an Initial Public Offering (IPO) opening on October 3. The IPO aims to raise between Rs 2,847 crore and Rs 3,000 crore, with shares priced between Rs 615 and Rs 648. The company's expansion, including acquisitions like Zoapi Innovations and a stake in Upflex Anarock India, has led to an implied valuation of about Rs 8,685 crore at the top end of the price range.
WeWork India operates 68 centres across eight cities, housing 114,077 desks and managing around 7.7 million sq. ft. of space. The company reported Rs 535.3 crore in revenue and a net loss of Rs 14.1 crore for the June 2025 quarter. The IPO subscription window closes on October 7, with allotment expected on October 8 and listing on October 10.
The IPO is an offer for sale, with promoter Embassy Buildcon LLP selling 3.54 crore shares and WeWork Global's affiliate divesting 1.09 crore shares. Proceeds will go solely to selling shareholders, with no fresh capital raised. The issue is reserved with 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors, with a minimum lot size of 23 shares.
The IPO marks a significant milestone for WeWork India, with the company's expansion and strong financial performance attracting investors. The IPO proceeds will benefit selling shareholders, with no new capital raised. The subscription window is open until October 7, and the shares are expected to list on October 10.
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