We͏Work I͏ndia Reports ₹14.14 Cr Q1 Lo͏ss Ahead of ₹3,000 Cr IP͏O͏; Rev͏e͏nue Jumps 19%

Mumbai, 1 Octobe͏r ͏20͏25: Co-workin͏g maj͏or WeWork India Management IPO has reported ͏a͏ ͏consolidated loss ͏o͏f ₹14.14 crore in th͏e ͏April-June quarter͏ of FY26, narrowing͏ from a ₹29.͏17 crore loss͏ in the same perio͏d last year. The ͏anno͏u͏nc͏ement ͏comes just days before t͏he company’͏s much-a͏ntic͏ipated ₹3,00͏0 cro͏re ͏Initi͏al Public ͏Offeri͏ng (IPO) ope͏ns for subscription on 3 Octob͏er.

We͏Work I͏ndia IPO Revenue Rises 19% to ₹535.31 Cr as Losses Narrow on Cost Optimisation

WeWork India’s revenue from operations surged 19% year-on-year to ₹535.31 crore, compared with ₹448.65 crore in Q1 FY25. The improvement in topline was largely driven by higher occupancy levels and demand recovery across metro markets. Despite the rise in revenue, the company reported a loss of ₹14.14 crore, though this was less than half of the ₹29.17 crore loss recorded in the year-ago period, reflecting improved cost control and operating efficiency.

We͏Work I͏ndia IPO Valuation at ₹8,685 Cr with Price Band of ₹615-648 Per Share

The company has set a price band of ₹615–648 per share for its upcoming IPO, valuing WeWork India at around ₹8,685 crore at the upper end. The offer will be open between 3 October and 7 October 2025 and will be a pure Offer for Sale (OFS) of up to 4.63 crore equity shares, aggregating to ₹3,000 crore. Since the issue is an OFS, no fresh capital will flow into the company, with proceeds instead providing liquidity to existing shareholders and enabling a public listing.

Promoter group entity Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd (part of WeWork Global) will dilute part of their holdings in the process.

We͏Work I͏ndia IPO Embassy Group Retains Majority Stake as WeWork Global Offloads Shares

Founded in 2017, WeWork India operates under an exclusive licence of the global WeWork brand. Embassy Group currently holds 76.21%, while WeWork Global owns 23.45%. In 2021, WeWork Global had infused USD 100 million, and in January 2024, the company raised ₹500 crore through a rights issue to reduce debt and fund expansion. The current IPO will further reshape ownership distribution while ensuring market visibility and liquidity for stakeholders.

We͏Work I͏ndia IPO Strong Market Footprint with 77 Lakh Sq. Ft Portfolio Across Tier-1 Cities

WeWork India has expanded aggressively into Tier-1 cities including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. The company currently manages 77 lakh sq. ft of space, of which 70 lakh sq. ft is operational, offering a desk capacity of 1.03 lakh.

For the full FY25, the firm posted its first-ever annual profit of ₹128.18 crore on a turnover of ₹1,949.21 crore, signalling growing scale and acceptance of the co-working model in India.

WeWork India’s narrowed quarterly loss and double-digit revenue growth reflect strengthening demand for flexible office spaces in metro markets, even as the company prepares for a high-profile IPO. The upcoming listing will primarily serve to provide liquidity for promoters and enhance public visibility, while the operational footprint underscores the firm’s established position in India’s co-working sector.

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