WeWork India IPO Wraps Up with 1.15x Subscription: Institutional Investors Lead the Charge

Updated: October 08, 2025 07:38

Image Source: Outlook Money

WeWork India’s ₹3,000 crore IPO closed on October 7 with a 1.15 times subscription. While institutional investors showed strong interest, retail and non-institutional categories saw muted response. The offer for sale will not raise fresh capital for the company but aims to enhance visibility and liquidity ahead of listing.

WeWork India Management Ltd has successfully concluded its initial public offering (IPO), which closed on October 7, 2025. The three-day public issue saw a moderate response, with overall subscription reaching 1.15 times, driven primarily by institutional investor interest.

Here are the key highlights from the IPO:

- Institutional investor enthusiasm
The Qualified Institutional Buyers (QIBs) segment was subscribed 1.79 times, indicating robust demand from large financial entities and mutual funds.

- Retail and non-institutional response
The Retail Individual Investors (RIIs) category received 61% subscription, while the Non-Institutional Investors (NIIs) segment lagged at just 23%, reflecting cautious sentiment among smaller investors.

- ₹3,000 crore offer for sale
The IPO was entirely an Offer for Sale (OFS) of up to 4.63 crore equity shares. Promoter Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) are divesting their stakes. No fresh capital will be raised by WeWork India.

- Anchor investor boost
Prior to the public issue, WeWork India secured ₹1,348 crore from anchor investors, providing early momentum to the offering.

- Price band and valuation
The IPO was priced between ₹615 and ₹648 per share, valuing the company at approximately ₹8,685 crore at the upper end of the band.

- Listing date and outlook
Shares are expected to list on October 10 on both BSE and NSE. The grey market premium (GMP) stood at ₹0, suggesting a flat listing. Analysts view the IPO as a strategic move to improve liquidity and public visibility.

- Company profile
Founded in 2017, WeWork India operates under an exclusive license of the global WeWork brand. Backed by Embassy Group, it manages 77 lakh sq ft of co-working space across major Indian cities with over 1 lakh desk capacity and 500+ employees.

The IPO’s completion marks a milestone for WeWork India as it transitions into a publicly listed entity, aiming to strengthen its market presence in India’s evolving flexible workspace sector.

Sources: Business Standard, Livemint, Financial Express