WeWork India Management was incorporated on May 13, 2016. The company provides high-quality flexible workspaces for enterprises, SMEs, startups, and individuals. It leases Grade A office spaces from top developers in Tier 1 cities, designing, building, and operating them to global standards
| Bidding Dates |
|---|
| 03 Oct 2025 - 07 Oct 2025 |
| Subscription |
|---|
| 1.15x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,145 | 1 | 13 | 23 | 46.3 M | ₹615 - ₹648 | 49.8 % | ₹28472.2 M - ₹30000.0 M | RHP DOC |
WeWork Management IPO SUBSCRIPTION STATUS
07 Oct '25WeWork Management IPO overall subscription rate was 1.15 times the total available shares
WeWork Management IPO retail subscription rate was 0.61 times in the retail segment
WeWork Management IPO non-institutional investor subscription rate was 0.23 times in the non-institutional investor category
WeWork Management IPO Qualified Institutional Bidder subscription rate was 1.79 times the available shares for Qualified Institutional Bidder
WeWork Management IPO Employees subscription rate was 1.87 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 9.99% | 14.98% | 74.9% | 0.13% |
07 Oct 2025 (Day 3) | 0.61x | 0.23x | 1.79x | 1.87x |
06 Oct 2025 (Day 2) | 0.37x | 0.06x | 0.09x | 1.44x |
03 Oct 2025 (Day 1) | 0.14x | 0.02x | 0.02x | 0.9x |
WeWork Management FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 535.3 | -14.5 | 322.7 | 224.7 | 62.7% |
| Q1FY25 | 448.7 | -29.4 | 229.5 | 173.9 | 63.1% |
| FY25 | 1,949.2 | 127.6 | 1,290.0 | 918.0 | 63.4% |
| FY24 | 1,665.1 | -136.2 | 1,161.9 | 917.7 | 62.7% |
| FY23 | 1,314.5 | -146.1 | 941.9 | 709.3 | 60.5% |
WeWork Management IPO SUBSCRIPTION STATUS DETAILS
WeWork Management had 46.3 M shares on offer
WeWork Management IPO offer price was in the range ₹615 - ₹648
WeWork Management IPO minimum Investment was ₹14145
WeWork Management IPO issue size was ₹ 28472.2 M - ₹ 30000.0 M
WeWork Management had a minimum lot size of 23 Shares per application
WeWork Management NUMBER OF SHARES ON OFFER
WeWork Management IPO IMPORTANT DATES
| Issue Open Date | 03 Oct 2025 |
| Issue close Date | 07 Oct 2025 |
| Allotment Date | 08 Oct 2025 |
| Refund Date | 09 Oct 2025 |
| Demat Account Credit Date | 09 Oct 2025 |
| Listing Date | 10 Oct 2025 |
| Listing on Exchange(s) | NSE and BSE |
| WeWork Management Allotment Status | Exchange/ Registrar |
WeWork Management IPO subscription opened on 03 Oct 2025, and closed on 07 Oct 2025
IPO allotment for WeWork Management was finalized on Wednesday, 08 Oct 2025
IPO listing for WeWork Management was on NSE and BSE on Friday, 10 Oct 2025
WeWork Management IPO LISTING GAINS
| Issue Price (adjusted) | 648.0 |
| Listing Open Price | 650.0 |
| Listing Close Price | 628.6 |
| Listing Gain% | 0.3% |
| Current Gain% | 16.6% |
WeWork Management Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WeWork India Management Ltd. | 755.4 | 10124.1 | 124.3 | -3 | 4 | 25 | 1 | 2490.4 | 23 | 74.4 | -41.6 | 6.1 | -41 |
| Urban Company Ltd. | 143.7 | 22167.3 | -66.4 | 0.3 | 12.9 | -11 | -8.7 | 1692.2 | 34.2 | -234.8 | -197.9 | -2.2 | -242.6 |
| Smartworks Coworking Spaces Ltd. | 486.8 | 5562.3 | 199.6 | 1.2 | 2.8 | 2 | 0.2 | 1849.9 | 31.2 | 10.5 | 116.7 | 2.4 | 162.8 |
| Indiqube Spaces Ltd. | 182.6 | 3871.1 | -36.4 | -1.5 | 2.7 | -20.6 | -1.6 | 1527.5 | 38.5 | -106.3 | 23.8 | -5 | 23.8 |
| Awfis Space Solutions Ltd | 271.6 | 1944 | 27.4 | 6.2 | 1.3 | 12.8 | 2.4 | 1586.1 | 25.8 | 70.9 | 4.4 | 9.9 | 4.4 |
| Kaya Ltd. | 271 | 411.6 | -4.2 | 0 | 1.8 | 0 | -34.6 | 231.2 | -1.4 | -96.1 | -262.6 | -64 | -106.6 |
WeWork Management INFORMATION ON IPO ISSUE
About WeWork Management
WeWork India Management was incorporated on May 13, 2016. The company provides high-quality flexible workspaces for enterprises, SMEs, startups, and individuals. It leases Grade A office spaces from top developers in Tier 1 cities, designing, building, and operating them to global standards
Object of the Issue
- To carry out the offer for sale of up to 43,753,952 equity shares of face value of Rs 10 each by the selling shareholders, which constitutes the pre-offer equity share capital of the company
- Achieve the benefits of listing equity shares on the stock exchanges.
WeWork Management - PROMOTERS
| Name |
|---|
| Jitendra Mohandas Virwani |
| Karan Virwani |
WeWork Management - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jitendra Mohandas Virwani | Chairman & Non-executive Director |
| Karan Virwani | Managing Director & Chief Executive Officer |
| Adnan Mostafa Ahmad | Non-executive Nominee Director |
| Manoj Kumar Kohli | Independent Director |
| Mahua Acharya | Independent Director |
| Anupa Rajiv Sahney | Independent Director |
WeWork Management Book Running Lead Manager
JM Financial Limited
WeWork.ipo@jmfl.com
ICICI Securities Limited
wework.ipo@icicisecurities.com
Jefferies India Private Limited
WeWork.IPO@jefferies.com
Kotak Mahindra Capital Company Limited
Wework.ipo@kotak.com
360 ONE WAM Limited
WeWork.IPO@360.One
WeWork Management Registrar to the Offer
MUFG Intime India Private Limited
weworkindia.ipo@linkintime.co.in
WeWork Management Strengths
Brand recognition
The company is a leading flexible workspace brand with strong brand recognition and a loyal customer base. According to AGR, it recorded the highest search volume from October 2023 to December 2024, significantly outperforming competitors
Backed by Embassy Group
The company is majority owned and promoted by Embassy Group, a leading Indian real estate developer with over 30 years of experience. According to the CBRE Report, Embassy Group has a portfolio exceeding 85 million sq. ft. and sponsors Embassy REIT, Asia’s largest office REIT by leasable area
Diverse product portfolio
The company offers diverse, flexible workspace solutions, including co-working spaces and enterprise suites, with adaptable lease terms. Its tech-enabled centres meet various business requirements, as per the CBRE Report
WeWork Management Risks
Agreement risks
The company has long-term fixed-cost lease agreements for 6.2 million sq. ft. across 51 of its 59 operational centres in eight cities (as of September 30, 2024). Inability to pay rent, lease non-renewals, or physical damage to centres may impact its business and profitability
Quality risks
The quality of services at WeWork India centres is crucial to its success. Negative member experiences may harm its brand, affecting retention, growth, and profitability, while value-added services may not achieve expected returns
Competition
According to the CBRE Report, India has over 440 flexible workspace operators offering diverse solutions, including co-working spaces, private suites, and managed offices, along with amenities like high-speed internet and meeting rooms
IPO FAQs
This IPO consists of an offer for sale of up to Rs 3,000.0 crore, of 46,296,296 shares.
The promoters of the company are Jitendra Mohandas Virwani and Karan Virwani.
The category allocation of qualified institutional buyers is 74.9%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 615.0 - 648.0.
The IPO application opens on Oct 03, 2025 and closes on Oct 07, 2025.
The minimum lot size for the IPO is 23. The maximum lot size for the IPO is 299.
For all category investors, the minimum application amount for this IPO is Rs. 14,145.0, the maximum value for this IPO is Rs 193,752.0.
This IPO will be allotted on Oct 08, 2025.
The refund will be credited to your account on Oct 09, 2025.
The allotted shares will be credited to your demat on Oct 09, 2025.
WeWork India Management Ltd.’s shares listed on the stock exchanges on Oct 10, 2025.