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WeWork India IPO
Price Band
₹615.0–648.0
Issue Size
₹3000.0 Cr
Lot Size
23 shares
Min Investment
₹14,904
GMP
—
Issue Price
₹648.0
WeWork India IPO AI Summary
- WeWork India IPO is listed on BSE, NSE in the Diversified Commercial Services sector.
- Price band: ₹615.0–₹648.0 per share, lot size 23 shares (min. investment ₹14,904).
- Subscription window: 03 Oct–07 Oct 2025, listing on 10 Oct 2025.
WeWork India is a flexible workspace operator with a growing market presence and a diverse range of services. While it has shown improvement in revenue and profitability, potential investors should carefully consider the associated risks and market conditions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
WeWork India IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Oct 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
WeWork India IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2016, WeWork India Management Limited is a flexible workspace operator in India. The organisation provides a comprehensive array of flexible workspace solutions, encompassing custom-designed buildings, floors and offices, enterprise office suites, tailored managed offices, private offices, co-working spaces, and hybrid digital solutions. The company provides flexible, high-quality workspaces for clients or members. The company's clientele includes large enterprises, small businesses, startups, and professionals. As at June 30, 2025, we had 68 Operational Centres with 114,077 Desks Capacity in Operational Centres across eight cities in India, of which Bengaluru and Mumbai contributed a significant portion of our Net Membership Fees in these periods/years. The company's clients include Amazon Web ServicesIndia Private 227 Limited, JP MorganServices India Private Limited, DiscoveryCommunications India, Deutsche TelekomDigital Labs Private Limited, CBA Services Private Limited and Grant Thornton Bharat LLP. As of June 30, 2025, the company has 583 eployees. Competitive Strength Category-defining, aspirational brand, with strong international branding. 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. Extensive range of products and services in the industry.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 5,391.67 | 4,482.76 | 4,414.02 |
| Total Income | 2,024.00 | 1,737.16 | 1,422.77 |
| Profit After Tax | 128.19 | -135.77 | -146.81 |
| EBITDA | 1,235.95 | 1,043.79 | 795.61 |
| NET Worth | 199.70 | -437.45 | -292.11 |
| Reserves and Surplus | 65.68 | -634.75 | -346.92 |
| Total Borrowing | 310.22 | 625.83 | 485.61 |
Key Ratios
EPS
₹9.56
NAV
₹15.57
RoNW
63.80%
P/B Value
41.62
P/E Ratio
67.75
Market Cap
₹8684.71 Cr
Peer Comparison
| Company | NAV | EPS Basic | EPS Diluted | RoNW | P/E (x) |
|---|---|---|---|---|---|
| IndiQube Spaces | -0.24 | -7.65 | -7.65 | — | — |
| Smartworks Coworking Spaces | 10.55 | -6.18 | -6.18 | -58.76% | — |
| Awfis Space Solutions | 64.71 | 9.75 | 9.67 | 14.78% | 59.38 |
| Our Company This IPO | 15.57 | 9.93 | 9.87 | 63.8% | — |
Promoters
Jitendra Mohandas Virwani, Karan Virwan and Embassy Buildcon LLP
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹1,422.77 Cr for the period ending 31 Mar 2023 to ₹1,737.16 Cr by 31 Mar 2024, and further rose to ₹2,024.00 Cr by 31 Mar 2025. This shows a consistent upward trend in revenue over the reported periods.
Profit Trend
Profit after tax improved from a loss of ₹146.81 Cr for the period ending 31 Mar 2023 to a loss of ₹135.77 Cr by 31 Mar 2024, and then turned positive with a profit of ₹128.19 Cr by 31 Mar 2025. This indicates a significant turnaround in profitability over the three periods.
Valuation
At the issue price of ₹648.0, WeWork India's implied P/E ratio is approximately 67.75, compared to peers trading at varying P/E ratios. This positions WeWork India within the competitive landscape of flexible workspace providers.
Key Risks
Potential investors should consider the volatility of the commercial real estate market, the company's previous financial losses, and competition from other flexible workspace providers.
Grey Market Premium, Explained
The grey market refers to unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the shares based on demand and supply in this unofficial market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term investment horizon typically weigh IPOs like this against their financial goals and risk tolerance. It is essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with companies that have a history of financial losses may want to avoid this IPO. It's important to assess personal investment strategies before participating.
IPO Timeline, Explained
The IPO opens for subscription on October 3, 2025, and closes on October 7, 2025. Allotment of shares will be done on October 8, 2025, with the listing expected on October 10, 2025.
Listing Gains — The Risk
Listing gains are not guaranteed and depend on market conditions and investor sentiment at the time of listing. Investors should be aware that prices can fluctuate significantly on the first day of trading.
This evaluation is generated from WeWork India's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of WeWork India IPO?
The price band of WeWork India IPO is ₹615.0–₹648.0 per share.
When does WeWork India IPO open and close?
WeWork India IPO opens on 03 October 2025 and closes on 07 October 2025.
When does WeWork India IPO list on the stock exchange?
WeWork India IPO listed on 10 October 2025 at ₹648.0.
What is the lot size for WeWork India IPO?
The lot size for WeWork India IPO is 23 shares, requiring a minimum investment of ₹14,904.
What is the price band for the WeWork India IPO?
The price band for the WeWork India IPO is between ₹615.0 and ₹648.0.
What is the minimum investment required?
The minimum investment required is ₹14,904.0.
What is the lot size for the IPO?
The lot size for the WeWork India IPO is 23 shares.
When is the listing date for the shares?
The listing date for the shares is October 10, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
03 Oct 2025
Close
07 Oct 2025
Allotment
08 Oct 2025
Listing
10 Oct 2025
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