WeWork India to Launch Rs 3,000 cr IPO on October 3

September 29, 2025: WeWork India IPO, the co-working space major, is set to open its initial public offering (IPO) on 3 October 2025, with an issue size of approximately ₹3,000 crore. The public subscription window will remain open until 7 October 2025, according to the red herring prospectus.

The anchor investor bidding period is scheduled to begin on 1 October 2025, ahead of the public issue. Upon completion of the IPO process, the shares are expected to commence trading on stock exchanges from 10 October 2025, marking a significant milestone for the company’s presence in the Indian capital markets.

Founded in 2017 in India, WeWork received a single license to operate the WeWork brand in the country and is supported by the Embassy Group, headquartered in Bengaluru, India. WeWork now has a strong presence in major cities such as Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai, and has an area of 77 lakh sq ft available to it, of which 70 lakh sq ft are functional (with 1.03 lakh sq ft desk space). There are over 500 functional employees.

WeWork India IPO Offer Structure

The issue will be entirely an offer for sale (OFS) of about 4.63 crore equity shares. Embassy Buildcon LLP, the promoter group company, and investor 1 Ariel Way Tenant Ltd., a WeWork Global affiliate, will sell part of their holding. Since this is wholly an OFS, WeWork India will not receive any proceeds from the IPO.

WeWork India IPO Shareholding and Selling Shareholders

One of the shareholders, Embassy Group, holds a majority stake of 76.21% in WeWork India, while WeWork Global owns 23.45%. The proposed sale will inject liquidity into existing shareholders, thereby broadening the market’s ownership base.

WeWork India IPO Recent Fundraising Initiatives

In 2021, WeWork Global invested $100 million in its operations. However, more recently, in January 2024, WeWork India issued ₹500 crore through a rights issue to pay debt and expand its operations.

The upcoming IPO of WeWork India reflects the company’s growing confidence in the Indian market. While the listing is not expected to raise fresh capital, it will offer liquidity to existing shareholders and enhance the company’s ability to pursue long-term strategic opportunities in the co-working sector.

REF:https://wework.co.in/investors-relations/Red Herring Prospectus.pdf

https://wework.co.in/investors-relations/Draft+Red+Herring+Prospectus.pdf

https://wework.co.in/investors-relations/addendum-drhp.pdf

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