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| WeWork India IPO SWOT Analysis | WeWork India IPO Subscription |
WeWork India IPO Description – Launched in 2017, WeWork India Management is India’s leading premium flexible workspace operator and the exclusive licensee of the WeWork brand in the country. Backed by Embassy Group, the company has emerged as the largest operator by total revenue in the past three fiscals. With 68 operational centres spanning 7.67 million sq. ft. of leasable area and 1,14,077 desks. WeWork India operates primarily in Grade A developments, accounting for 94% (7.07 million sq. ft.) of its portfolio.
The company serves a diverse member base—Fortune 500 firms, MSMEs, GCCs, startups, and individuals—with enterprise clients contributing 75.67% and international clients 65.93% of Net Membership Fees for Q1 FY2026. Notable members include Amazon Web Services, JP Morgan, and Deutsche Telekom.
Its revenue-to-rent multiple of 2.68 (Net) and 2.98 (Total) for FY2025 exceeded the industry average (1.9–2.5). In Q1 FY2026, Net ARPM stood at INR 19,085 and Total ARPM at INR 21,039. Operating across Tier 1 cities like Bengaluru, Mumbai, and Delhi, WeWork India blends high-tech, amenitized workspaces with strong brand equity, achieving a Net Promoter Score (NPS) of 74.8 in FY2025.
Promoters of WeWork India Management – Jitendra Mohandas Virwani, Karan Virwani and Embassy Buildcon LLP
Table of Contents
WeWork India Management IPO Details
| WeWork India IPO Dates | 3 – 7 October 2025 |
| WeWork India IPO Price | INR 615 – 648 per share Employee Discount – INR 60 per share |
| Fresh issue | Nil |
| Offer For Sale | 4,62,96,296 shares (INR 2,847.22 – 3,000 crore) |
| Total IPO size | 4,62,96,296 shares (INR 2,847.22 – 3,000 crore) |
| Minimum bid (lot size) | 23 shares (INR 14,904) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
WeWork India Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 1,314.52 | 1,665.14 | 1,949.21 | 535.31 |
| Expenses | 1,569.66 | 1,869.92 | 2,132.89 | 559.47 |
| Net income | (146.81) | (135.77) | 128.19 | (14.15) |
| Margin (%) | (11.17) | (8.15) | 6.58 | (2.64) |
WeWork India IPO News
WeWork India Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | (11.52) | (10.73) | 9.87 | 9.87 |
| PE Ratio | – | – | 62.31 – 65.65 | 62.31 – 65.65 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | NA | NA | 63.80 |
| NAV | (23.09) | (34.55) | 15.57 |
| EBITDA (%) | 60.52 | 62.69 | 63.41 |
| Debt/Equity | 7.69 | (9.13) | 0.65 |
WeWork India IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| 7 October 2025 | 6 | 100 |
| 6 October 2025 | 6 | 100 |
| 4 October 2025 | 6 | 100 |
| 3 October 2025 | 15 | 300 |
WeWork India IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 1,38,71,033 | 69,35,515 | 46,23,677 | 59,523 | 2,54,89,748 |
| 7 Oct 2025 | 1.79 | 0.23 | 0.61 | 1.87 | 1.15 |
| 6 Oct 2025 | 0.09 | 0.06 | 0.37 | 1.44 | 0.13 |
| 3 Oct 2025 | 0.02 | 0.02 | 0.14 | 0.90 | 0.04 |
2,08,06,548 shares allotted to anchor investors is not included in these calculations.
WeWork India – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| WeWork India | – | 9.87 | 63.80 | 15.57 | 1,949.21 |
| Awfis Space Solutions | 59.38 | 9.67 | 14.78 | 64.71 | 1,207.54 |
| Smartworks Coworking Spaces | NA | (6.18) | (58.76) | 10.55 | 1,374.06 |
WeWork India IPO Allotment Status
WeWork India IPO allotment status is now available on MUFG Intime’s website. Click on the this link to get allotment status.
WeWork India IPO Dates & Listing Performance
| IPO Opening Date | 3 October 2025 |
| IPO Closing Date | 7 October 2025 |
| Finalization of Basis of Allotment | 8 October 2025 |
| Initiation of refunds | 9 October 2025 |
| Transfer of shares to demat accounts | 9 October 2025 |
| Shringar House IPO Listing Date | 10 October 2025 |
| Opening Price on NSE | INR 650 per share (up 0.31%) |
| Closing Price on NSE | INR 628.65 per share (down 2.99%) |
WeWork India IPO Reviews – Subscribe or Avoid?
Angel One – Neutral
Anand Rathi – Subscribe
Antique Stock Broking –
Ajcon Global –
Arihant Capital – Subscribe
Axis Capital –
Ashika Research – Not rated
BP Wealth – Avoid
Capital Market – Neutral
Canara Bank Securities – Subscribe
Cholamandalam – Neutral
Lakshmishree Investment – Subscribe
Bajaj Financial – Not rated
Elite Wealth – Not rated
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities – Subscribe for long term
Hensex Securities –
HDFC Securities –
ICICIdirect – Unrated
IDBI Capital –
Investmentz –
Indsec Securities –
Jainam Broking – Avoid
KR Choksey –
Kotak Securities – Not rated
Marwadi Financial –
Motilal Oswal –
Mehta Equities –
Nirmal Bang – Subscribe
Reliance Securities –
Sushil Finance –
Samco Securities – Avoid
SBI Securities – Neutral
SMC Global – 2/5
SMIFS – Subscribe
Systematix Research –
Swastika Investmart –
Ventura Securities – Not rated
WeWork India Offer Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025,
Maharashtra, India
Phone: +91 22 6630 3030 / 3262
Email: [email protected]
Website: www.jmfl.com
WeWork India Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
WeWork India Contact Details
WEWORK INDIA MANAGEMENT LIMITED
6th Floor, Prestige Central 36, Infantry Road,
Shivaji Nagar, Bengaluru – 560 001, Karnataka
Phone: +91 88 8456 4500
Email: [email protected]
Website: www.wework.co.in
WeWork India IPO FAQs
How many shares in the WeWork India IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for WeWork India Public Offer?
The best way to apply for the WeWork India public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is WeWork India IPO GMP today?
WeWork India IPO GMP today is INR 6 per share.
What is WeWork India’s kostak rate today?
WeWork India kostak rate today is INR NA per application.
What is WeWork India Subject to the Sauda rate today?
WeWork India, Subject to Sauda rate today is INR 100 per application.