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India, one of the world’s fastest-growing economies, has witnessed rapid adoption of flexible workspaces as they become a core component of the commercial office market. The country’s flexible workspace stock stood at 82-86 million sq. ft. by end-2024 and is projected to expand to 140-144 million sq. ft. across Tier-1 cities by end-2027, reflecting a CAGR of 18-20%. This growth is driven by enterprises and startups alike, seeking flexibility, capital efficiency, cost optimization, and hybrid work models, alongside greater emphasis on employee well-being and focus on core business activities.
| Detail | Information |
|---|---|
| IPO Open Date | Sep 03, 2025 |
| IPO Close Date | Oct 07, 2025 |
| Price Band | ₹615– ₹648 per share |
| Lot Size | 23 shares |
| Issue Size | ₹30,000 mln |
| Listing At | BSE, NSE |
| Tentative Listing Date | To be announced |
Launched in 2017, WeWork India is a leading premium flexible workspace operator in the country and has consistently been the largest player by revenue over the past three fiscals. The company provides high-quality, flexible office solutions catering to enterprises, SMEs, startups, and individuals, offering scalability and cost efficiency across client segments. Its portfolio is predominantly leased in Grade A office spaces, with ~94% (7.07 million sq. ft.) housed in top-tier developments, designed, built, and operated to global standards. This positioning enables WeWork India to combine premium infrastructure with flexibility, aligning with the evolving needs of India’s modern workforce.
WeWork India delivered an impressive financial trajectory from FY23 to FY25, underpinned by strong revenue growth from ₹13,145.18 million in FY23 to ₹19,492.11 million in FY25, reflecting significant market expansion and business momentum. Over the same period, the company expanded its operational footprint from 43 to 65 centers across an increased presence in 6 to 8 cities, highlighting its scale-up strategy. EBITDA rose from ₹7,956.10 million to ₹12,379.42 million, with margins improving from 60.52% to 63.51%, showcasing sustained operational efficiency and profitability gains. Profit after tax surged from a loss of ₹1,468.10 million to a profit of ₹1,281.85 million, with PAT margin improving from negative 11.17% to 6.58%, underscoring robust bottom-line turnaround.
Objects of the issue:
- Offer for sale – INR 30000 million
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