WeWork India Set to Launch Rs 3,000 Crore IPO in October
WeWork India, a leader in the flexible workspace market, is all set to launch its initial public offering (IPO) in the first week of October, aiming to raise around Rs 3,000 crore. The company, majority-owned by the Embassy Group, has received final approval from Sebi.
Wework IndiaIpoCoworking SpaceEmbassy GroupReal EstateReal Estate MumbaiSep 26, 2025
Recently, co-working space providers such as Smartworks, Awfis, IndiQube, and DevX listed and received an overwhelming response from investors. WeWork India has also reportedly garnered strong investor interest during its roadshows, according to market sources.
WeWork’s initial public offering comprises an Offer for Sale (OFS) of up to 43,753,952 shares. The OFS is led by the promoter Embassy Buildcon selling up to 33,458,659 shares and up to 10,295,293 shares by 1 Ariel Way Tenant, which is an investor. The company is majority-owned by the Embassy Group, which has developed over 85 million square feet of commercial real estate and sponsors Embassy Reit—the first Reit and Asia’s largest office Reit by leasable area, according to CBRE.
WeWork’s centres are located across Bengaluru, Mumbai, Pune, Hyderabad, Gurgaon, Noida, Delhi, and Chennai. The company benefits from WeWork Global, a pioneer of flexible office space globally with around 600 wholly-owned and licensed locations in 35 countries. As of September 2024, WeWork India’s portfolio comprised 94,440 desks across 59 operational centres with an aggregate leasable area of 6.48 million square feet.
JM Financial, ICICI Securities, Jefferies, Kotak Mahindra Capital, and 360 One Wam are the book-running lead managers to the issue.
Frequently Asked Questions
What is WeWork India's IPO target?
WeWork India aims to raise around Rs 3,000 crore from its initial public offering (IPO).
When is WeWork India's IPO expected to launch?
WeWork India's IPO is expected to launch in the first week of October.
Who are the book-running lead managers for WeWork India's IPO?
The book-running lead managers for WeWork India's IPO are JM Financial, ICICI Securities, Jefferies, Kotak Mahindra Capital, and 360 One Wam.
What is the Offer for Sale (OFS) structure of WeWork India's IPO?
WeWork’s IPO comprises an OFS of up to 43,753,952 shares, with Embassy Buildcon selling up to 33,458,659 shares and 1 Ariel Way Tenant selling up to 10,295,293 shares.
How many operational centres does WeWork India have?
As of September 2024, WeWork India has 59 operational centres with an aggregate leasable area of 6.48 million square feet.
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