Wework India Management Ltd IPO
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Wework India Management Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 462.96 L | ₹ 462.96 L | TBA | ₹ 1,021.43 L | DBC | ₹ 3000 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 03 Oct, 25 | 07 Oct, 25 | 23 | ₹ 14,145 | Book Building | 10 Oct, 25 |
Wework India Management Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 46296296 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Wework India Management Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 612.08 | 491.85 | 68.68 |
| EBITDA | 1,354.92 | 1,128.22 | 780.35 |
| PAT | -130.76 | -144.52 | -643.00 |
| Total Assets | 363.61 | 378.91 | 357.89 |
| Share Capital | 54.81 | 54.81 | 54.81 |
| Total Borrowings | 880.10 | 741.15 | 557.15 |
| Operating Activities (Net Cash) | 612.08 | 491.85 | 68.67 |
| Investing Activities (Net Cash) | 174.13 | 48.60 | -0.83 |
| Financing Activities (Net Cash) | 880.10 | 741.15 | 557.15 |
| Net Cashflow | 20.82 | 49.59 | 28.27 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Wework India Management Ltd
Our Company was incorporated as Halosaur Bengaluru Private Limited on May 13, 2016, as a private limited company under the Companies Act 2013, at Bengaluru, Karnataka pursuant to a certificate of incorporation issued by the Central Registration Centre (CRC). Subsequently, pursuant to a resolution passed by our Board dated November 29, 2016, and a special resolution passed by our Shareholders dated December 10, 2016, the name of our Company was changed to WeWork India Management Private Limited, and a fresh certificate of incorporation dated December 23, 2016, was issued by the Registrar of Companies, Karnataka at Bengaluru (RoC). Upon the conversion of our Company into a public limited company, pursuant to a resolution passed by our Board on September 27, 2024, and a special resolution passed by our Shareholders on October 18, 2024, the name of our Company was changed to WeWork India Management Limited, and a fresh certificate of incorporation dated November 19, 2024, was issued by the Registrar of Companies, Central Processing Centre.
We operate in India, which, according to the CBRE Report, is one of the fastest-growing economies and the fourth-largest economy in the world, as of June 2025. According to the CBRE Report, flexible workspaces are becoming an integral part of the commercial office market, with total flexible workspace stock ranging between 82-86 million sqft by end 2024 forecasted to grow to approximately 140-144 million sqft across Tier 1 cities by end 2027 at a CAGR of approximately 18-20%, with an increasing focus by end users on flexibility, capital efficiency, cost optimization, hybrid / distributed working, employee well-being, and a focus on core business activity, amongst other things.
Launched in 2017, we are, according to the CBRE Report, a leading premium flexible workspace operator in India, and have been the largest operator by total revenue in the past three Fiscals. We provide flexible, highquality workspaces to our customers which include companies of all sizes: large enterprises; small and mid-size businesses; startups; individuals. We lease primarily Grade A office space and, according to the CBRE Report, we design, build, and operate them as flexible workspaces per global standards(1). According to the CBRE Report, approximately 94% (7.07 million sqft) of our portfolio was in Grade A developments (June 30, 2025).
Wework India Management Ltd IPO Key Points
Strengths
- Strong brand recognition and leadership in India and international presence.
- Leadership in a rapidly growing market.
- Backed by the Embassy Group, one of India's top developers, and relationship with WeWork Global, a global flexible workspaces operator.
- Presence in Grade A properties in top-tier micro markets and strong relationships with top developers.
- One of the most extensive range of products and services in the industry.
Risk
- Proceedings had been initiated by the Enforcement Directorate against our Promoter and Chairman, Jitendra Mohandas Virwani in 2014 under the Prevention of Money Laundering Act, 2002 and any adverse outcome in this proceeding may adversely impact our business, reputation, financial condition and results of operations.
- Our Group Company, Embassy Office Parks Management Services Private Limited (EOPMSPL) has received show cause notices under the Securities and Exchange Board of India Act, 1992 which may have adverse impact on our Company.
- One of our Promoters has pledged their Equity Shares with a security trustee under our promoter borrowing arrangements. Any exercise by lenders of such pledges would dilute the shareholding of the Promoters which may adversely affect our business and the share price of the Equity Shares.
Strategy
- Continue to deepen our presence in existing cities and expand in key micro-markets with strong demand for flexible workspace solutions.
- Continue to focus on unit economics.
- Invest in new products and technology to diversify revenues through product innovation and inorganic expansion.
- Data backed and tech-based approach to expansion and improving margins.
- Strong brand recognition and leadership in India and international presence.
- Leadership in a rapidly growing market.
- Backed by the Embassy Group, one of India's top developers, and relationship with WeWork Global, a global flexible workspaces operator.
- Presence in Grade A properties in top-tier micro markets and strong relationships with top developers.
- One of the most extensive range of products and services in the industry.
How To Apply for Wework India Management Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
