WeWork India Management Ltd. IPO
WeWork India, a premium flexible workspace operator, was launched in 2017 and has quickly become one of India’s leading operators in the sector, according to the CBRE Report. The company has been the largest operator by total revenue in the last three fiscal years and has played a significant role in the growth and evolution of the flexible workspace sector in India. WeWork India is the exclusive licensee of the WeWork brand in India, offering high-quality, flexible workspaces to businesses of all sizes, ranging from startups to large enterprises.
Business Model and Services
WeWork India operates primarily in Grade A office spaces, offering a broad range of flexible workspace solutions to its members. These includes Private Offices, Co-working Spaces, Enterprise Office Suites, Customized Managed Offices and Hybrid Digital Solutions
The company also provides value-added services such as Custom office space design, Meeting rooms, Event spaces, Food and beverage services. Pantry services, High-speed internet, Security and housekeeping services
WeWork India’s workspace solutions are designed to be adaptable, allowing companies to scale their office space as needed. Members benefit from all-inclusive monthly membership fees, which allow businesses to avoid the hassles of setting up and maintaining their own office spaces.
Portfolio and Market Presence
As of June 30, 2025, WeWork India had a portfolio of 114,077 desks across 68 Operational Centres, with a total Leasable Area of 7.67 million square feet. 94% of the company’s portfolio is located in Grade A developments across major Tier 1 cities such as Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai. The company is a dominant player in Bengaluru, which is one of the largest commercial office and flexible workspace markets in India and Asia.
Key Partnerships and Brand Strength
WeWork India benefits from strong associations: It is backed by the Embassy Group, one of India’s leading real estate developers with a portfolio of over 85 million square feet of commercial real estate. It has a global relationship with WeWork, the global leader in flexible workspaces, with access to 600 locations in 35 countries.
WeWork India’s association with Embassy Group provides access to large tenants who seek additional flexible office spaces and strengthens its position in the real estate market.
Member Base and Clientele
WeWork India caters to a diverse range of clients, including Fortune 500 companies, International and domestic corporations, Large enterprises, GCCs (Global Capability Centers), MSMEs (Micro, Small, and Medium Enterprises), Startups and Individual members
As of June 30, 2025, 75.67% of WeWork India’s Net Membership Fees came from Enterprise Members, with 65.93% of the revenue sourced from International Clients.
Objects of the WeWork India Management Ltd. IPO:
WeWork India Management Ltd. IPO Details:
Open Date: | Oct 03 2025 |
Close Date: | Oct 07 2025 |
Total Shares: | 4,62,96,296 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Building |
Issue Size: | 3000 Cr. |
Lot Size: | 23 Shares |
Issue Price: | ₹ 615-648 Per Equity Share |
Listing At: | NSE,BSE |
Listing Date: | Oct 10 2025 |
Promoters And Management:
Financials of WeWork India Management Ltd. IPO:
Particulars | 3M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations (Cr) | 535.30 | 1,949.20 | 1,665.10 | 1,314.50 |
EBITDA (Cr) | 335.4 | 1235.9 | 1043.7 | 795.6 |
EBITDA Margins | 62.66% | 63.41% | 62.69% | 60.52% |
Adjusted EBITDA (Cr) | 96.6 | 421.2 | 339.7 | 191.2 |
Adjusted EBITDA Margins (Cr) | 18.05% | 21.61% | 20.40% | 14.55% |
PAT (Cr) | -14.1 | 128.1 | -135.7 | -146.8 |
PAT Margins | -2.59% | 6.32% | -7.82% | -10.32% |
ROCE | 31.99% | 37.52% | 54.05% | 30.32% |
Debt to Equity Ratio(In Times) | 2.05 | 1.54 | -1.42 | -1.66 |
Operating Cash Flows | 322.7 | 1289.9 | 1161.8 | 941.8 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
We Work India Limited | 1235.9 | 63.41% | 6.32% | 37.52% | 1.54 | 8,684.70 | 67.80 |
Awfis Space Solutions Limited | 1208 | 34% | 5.63% | 12.90% | 3.08 | 4,075 | 81.5 |
Smartworks Coworking Limited | 1374 | 62% | -4.50% | 6.97% | 34.6 | 6,445 | - |
IndiQube Limited | 1059 | 58% | -13.22% | 4.76% | 23.5 | 4,824 | - |
Lead Manager of WeWork India Management Ltd. IPO:
Registrar of WeWork India Management Ltd. IPO:
Discussion on WeWork India Management Ltd. IPO:
1 Comment
Leave a Reply
You must be logged in to post a comment.
Highly priced
Avoiding.