WeWork India IPO Opens for Subscription: All You Need to Know.
WeWork India Management Ltd has opened its initial public offering (IPO) today, October 3, 2025. The Rs 3,000-crore IPO is entirely an offer for sale (OFS) of 4.63 crore shares, meaning the proceeds will go to selling shareholders, not the company itself. The subscription window will remain open until October 7, 2025.
The price band is fixed at Rs 615–648 per share. Retail investors can apply for a minimum of 23 shares, requiring an investment of Rs 14,904 at the upper price band. Small non-institutional investors must apply for 14 lots (322 shares, Rs 2.08 lakh), while large non-institutional investors need 68 lots (1,564 shares, Rs 10.13 lakh). Ahead of the public issue, WeWork India raised Rs 1,348.26 crore from anchor investors on October 1, 2025. JM Financial Ltd is the book-running lead manager, and MUFG Intime India Pvt. Ltd is the registrar.
Company Overview
Founded in 2016, WeWork India operates flexible workspaces, including co-working spaces, managed offices, enterprise suites, and hybrid solutions. As of June 30, 2025, it had 68 operational centres across eight Indian cities, with a desk capacity of 1,14,077. Bengaluru and Mumbai contribute the bulk of its membership fees, underlining their revenue importance. The company serves large enterprises, startups, SMEs, and independent professionals.
Investment Perspective
Brokerages have given mixed views. Angel One maintains a “Neutral” rating, citing high valuations; at the upper price band, WeWork India’s post-issue P/E ratio stands at 67.7 times FY25 earnings. SBI Securities also rates it “Neutral,” noting a P/E of 50.1 times at the upper band and advising investors to monitor post-listing performance. Analysts warn of high fixed costs, revenue concentration, and market risks despite the company’s profitability and growth potential.
Grey Market Premium (GMP)
The IPO commanded a grey market premium of Rs 15 as of October 3, suggesting an estimated listing price of Rs 663 per share, or potential gains of around 2.3%.
Allotment is expected on October 8, with listing scheduled for October 10 on the BSE and NSE. While the IPO provides exposure to India’s growing flexible workspace sector, experts advise cautious participation and observing post-listing performance before investing.
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