WeWork India IPO Fully Subscribed on Last Day; QIBs Lead with Robust Demand

Bengaluru, October 7, 2025: The ₹3,000 crore initial public offering (IPO) of WeWork India Management Limited closed on a high today, with the issue getting fully subscribed by the end of the last day. Institutional investors led the demand, pushing aggregate bids to 1.14 times the issue size by 3:57 PM.

Set up in 2017, WeWork India is the country’s sole licensee of the WeWork brand, which offers high-end co-working and managed offices in key metropolises. WeWork India has 68 locations spread over 7.7 million sq. ft. and caters to enterprises, startups, and freelancers. Funded by the Embassy Group, WeWork India used an asset-light, scalable model to build a robust presence in India’s flexible workspace market.

WeWork India IPO Institutional Participation Soars

Qualified Institutional Buyers (QIBs) evidenced strong demand, subscribing 1.79 times their allotment, and the employee component also witnessed good take up at 1.82 times. Retail investors subscribed 0.58 times, evincing consistent interaction during the bidding process. Non-institutional buyers evidenced weak demand at 0.22 times their allotment, but aggregate bids overtook the total shares available, reflecting good end-of-day momentum.

WeWork India IPO Anchor Investor Support

Before WeWork India IPO, WeWork India had raised ₹1,348 crore from anchor investors, allocating 2.08 crore shares at ₹648 per share. Domestic mutual funds were allotted almost half of the allocation in 32 schemes, with overseas institutional investors also taking part. Their top anchor investors were ICICI Prudential Technology Fund, HDFC Balanced Advantage Fund, Motilal Oswal Small Cap Fund, Aditya Birla Sun Life Midcap Fund, Axis Multicap Fund, Invesco India Smallcap Fund, Tata Multicap Fund, Goldman Sachs India Equity Portfolio, and Amundi Funds New Silk Road.

WeWork India IPO Details

The IPO was a 100% offer for sale of 4.63 crore shares, at a band of ₹615–₹648 per share. The size of one lot was 23 shares, with a total of ₹14,904 at the higher end. The issue opened on October 3, 2025, and closed on October 7, 2025, with listing on October 10, 2025.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations