WeWork India Management Ltd. | Globe Capital Market LTD.
WeWork India Management Ltd.
Closed
Price Band
₹615 to ₹648 per share
IPO Issue Period
October 3, 2025 to October 7, 2025
Issue Size
₹3,000.00 Cr
Face value
₹10 per share
Fresh issue
NIL
Offer for sale
₹3,000.00 Cr
Employee Discount
₹60.00
Minimum Shares for Retail
23 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
MUFG Intime India Pvt.Ltd.
Tentative Listing Date
Fri, Oct 10, 2025
QIB
75%
NII
15%
Retail
10%

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WeWork India Management Limited, launched in 2017 and operating as the exclusive licensee of the WeWork Brand in India, is recognized as the leading premium flexible workspace provider in the country, consistently ranking as the largest operator by total revenue over the past three fiscals. The Company has been a key driver in the evolution and growth of the flexible workspace sector, offering high-quality, and adaptable offices to a diverse clientele including large enterprises, SMEs, and startups.

With a portfolio largely comprising Grade A office space, the Company provides a comprehensive suite of flexible solutions, supported by amenities and technologically integrated workspaces. As of June 30, 2025, the Company managed 114,077 desks across 68 Operational Centres. Financial performance shows momentum with Revenue from Operations growing 17.06% in Fiscal 2025. Backed by the prominent Embassy Group, the Company benefits from strategic real estate ties and a strong brand presence across key Indian Tier 1 cities.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 2024.00 1737.16 1422.77
Profit After Tax 128.19 (135.77) (146.81)
EPS 9.93 (10.73) (11.52)
EBITDA Margin (%) 63.41 62.69 60.52
PAT Margin (%) 6.33 (7.82) (10.32)

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
WeWork India Management Limited 8684.71* 648 41.62 67.75 2024.00 128.19
Awfis Space Solutions Limited 4101 573 8.86 82.1 1208 68
Smartworks Coworking Spaces Limited 6456 566 1374 (63)
IndiQube Spaces Ltd 4809 229 1059 (140)

*Market cap @upper band

 

  • Market Leadership and Growth: The Company is the largest premium flexible workspace operator in India, with strong, expanding revenues and growing margins.
  • Brand Recognition and Reach: The exclusive WeWork license attracts global companies, boosting the brand and leveraging an international network.
  • Strategic Real Estate Ties: The firm is backed by the Embassy Group and operates almost entirely in prime, high-demand Grade A properties.
  • Financial and Operational Focus: A focus on premium pricing, efficiency, and a broad product range drives superior operational and financial performance.

The Company, WEWORK INDIA MANAGEMENT LIMITED, will not receive any proceeds from the Offer. All Offer Proceeds shall be received by the Selling Shareholder subsequent to the deduction of Offer-related expenses and applicable taxes, which shall be the responsibility of the Selling Shareholders.

At the upper band of IPO ₹ 648, the stock is valued at 67.75 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.

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