Bengaluru: WeWork India, the country’s leading premium workspace operator, has launched its much-anticipated initial public offering (IPO) today. The issue, valued at ₹3,000 crore, opened for subscription this morning after successfully raising ₹1,348 crore from anchor investors a day earlier.
IPO issue details
The WeWork India IPO is a book-built issue worth ₹3,000 crore, comprising entirely of an offer for sale (OFS) of 4.63 crore shares by existing shareholders. This means the company itself will not receive any proceeds from the sale; the funds will go directly to selling investors.
The price band for the IPO has been fixed at ₹615–₹648 per share. Investors can bid for a minimum of 23 equity shares and in multiples thereafter. The basis of allotment will be finalised on October 8, 2025, and the equity shares are expected to list on both the BSE and NSE on October 10, 2025.
Day 1 subscription status
According to exchange data as of 10:24 am on October 3, 2025, investor participation on the first day of the IPO has been muted. The issue has been subscribed just 0.01 times in total so far.
- Qualified Institutional Buyers (QIBs): Nil
- Non-Institutional Investors (NIIs): 0.00 times
- Retail Individual Investors (RIIs): 0.04 times
- Employees: 0.10 times
The lukewarm response on opening suggests that most institutional bids may arrive closer to the final day of subscription, a common trend in large IPOs.
Anchor investment boost
Ahead of the IPO opening, WeWork India raised ₹1,348 crore from marquee anchor investors. This move is expected to provide confidence to retail and institutional participants during the three-day subscription window.
Business performance and growth
WeWork India has emerged as a leader in the premium flexible workspace industry. Its offerings include private offices, serviced floors, managed spaces, and customised office solutions tailored to corporates and start-ups alike.
According to a report by CBRE, the company has consistently retained its top spot in terms of revenue in India’s flexible workspace sector over the past three years.
The company has also shown strong financial growth. Revenue from operations increased from ₹1,314.52 crore in FY23 to ₹1,665.14 crore in FY24, marking a growth of 26.67%. In FY25, the momentum continued with revenue rising 17.06% to ₹1,949.21 crore. This performance underscores the company’s ability to capitalise on rising demand for flexible and premium workspaces in India’s evolving office market.
Use of IPO proceeds
Since the IPO is entirely an offer for sale, WeWork India will not directly benefit financially from the issue. The proceeds will be distributed to the selling shareholders. However, the listing is expected to strengthen the company’s visibility in the market and provide liquidity to investors.
Outlook
The WeWork India IPO is among the most closely watched listings of 2025, given the company’s strong market position and consistent revenue growth. However, with no fresh issue component, investors will largely focus on valuation, profitability trajectory, and industry demand trends before committing.
While subscription levels on Day 1 remain modest, analysts expect institutional interest to pick up in the coming days. The final subscription figures on October 6, 2025, will offer a clearer picture of investor sentiment towards the issue.