Mumbai: WeWork India, a leading flexible workspace operator, is set to raise ₹3,000 crore through an offer for sale (OFS), which will reduce the promoter stake in the company. The Initial Public Offering (IPO) opened on October 3, 2025, with a price band of ₹615–₹648 per share.
Offer for sale details
The ₹3,000 crore IPO is structured entirely as an offer for sale, meaning the company will not receive any proceeds; the funds will go directly to the selling shareholders. The issue consists of 4.63 crore shares.
Ahead of the IPO, WeWork India raised ₹1,348 crore from anchor investors, signalling strong institutional interest. The basis of allotment is expected to be finalised by October 8, 2025, and the tentative listing on BSE and NSE is scheduled for October 10, 2025.
Day 1 subscription status
On the first day of subscription, the response was muted:
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | Nil |
| Non-Institutional Investors | 0.00 |
| Retail Individual Investors (RIIs) | 0.04 |
| Employees | 0.10 |
| Total | 0.01 |
This indicates low initial traction, though subscription activity may pick up in the remaining days of the IPO.
Business overview
WeWork India is one of the largest premium flexible workspace providers in the country, offering private offices, office suites, serviced floors, and managed offices. According to CBRE, the company has consistently been number one in revenue within the flexible workspace sector over the past three fiscal years.
Financially, WeWork India’s revenue from operations has shown consistent growth:
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FY23: ₹1,314.52 crore
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FY24: ₹1,665.14 crore (26.67% increase)
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FY25: ₹1,949.21 crore (17.06% increase)
The company has leveraged its strong market position to expand offerings and strengthen its presence in India’s growing flexible office segment.
Conclusion
With the IPO, WeWork India aims to provide liquidity to existing promoters and shareholders while continuing to strengthen its presence in the premium workspace market. Investors are watching closely, given the low initial subscription and the competitive real estate landscape in India.