Tag: WeWork India IPO

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Bombay HC Dismisses WeWork India IPO Challenge, Imposes ₹1 Lakh Fee

MUMBAI: The Bombay High Court has dismissed two writ petitions filed by Vinay Bansal and Hemant Kulshrestha that aimed to prevent WeWork India’s initial public offering (IPO), effectively ending their last-minute legal challenge. A Division Bench consisting of Justice RI Chagla and Justice Farhan Parvez Dubash rejected the petitions and imposed a cost of Rs 1 lakh on Vinay Bansal, instructing him to deposit the amount with the Maharashtra State Legal Services Authority within two weeks. The court reserved its decision on October 8 after the arguments were concluded and delivered the ruling orally today. A detailed written judgment is…

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WeWork India addresses InGovern’s IPO compliance report

WeWork India Management has responded to governance concerns highlighted in a Governance Watch report from InGovern. Following this, InGovern issued an addendum that included the company’s clarifications. The clarifications cover various issues related to the company’s recent initial public offering (IPO), including its structure, financial eligibility, internal controls, and legal matters involving promoters. In response to concerns regarding the IPO being completely an Offer for Sale (OFS) without new capital, WeWork India emphasized its ability to generate enough free cash flow and EBITDA to support operations and growth. The company noted a promoter investment of Rs 5,012.81 million through a…

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Embassy Group pays off ₹1,748 crore debt

NEW DELHI: Embassy Group has successfully repaid ₹1,748 crore in non-convertible debentures (NCDs), using funds from the WeWork India IPO offer for sale to lower its group-level debt. Jitendra Virwani, the company’s chairman, stated, “This debt repayment not only strengthens our financial stability but also highlights our ongoing commitment to a solid and sustainable financial framework.” This move has also reduced the group’s stake in WeWork India to 15%. Over the years, it has fully settled its ₹1,600 crore debt with Samaan Capital. Published On Oct 15, 2025 at 03:33 PM IST Join a community of over 2M industry professionals.…

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CLSA Sells 8.4 Lakh WeWork India Shares for ₹52 Crore

Global markets and asset management firm CLSA divested approximately 8.4 lakh shares in WeWork India Management through a bulk deal on Monday, with shares priced at Rs 618.55 each, totaling Rs 52 crore. The transaction was conducted via CLSA Global Markets Pte. LTD – ODI, reflecting a 1.6% discount from the previous Friday’s closing price of Rs 628.65 on the NSE. WeWork Management’s shares took a hit for the second consecutive day, closing at Rs 611.20, down Rs 17.45 or 2.8% from Friday’s closing figure. After debuting on Friday, the stock is now trading at 6% below its issue price…

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WeWork India Reports ₹14.14 Crore Loss Ahead of IPO

NEW DELHI: WeWork India, a major player in co-working spaces, is set to launch its Initial Public Offering (IPO) this week. The company has reported a loss of Rs 14.14 crore for the first quarter of this fiscal year, despite an increase in revenue, driven by robust office demand. The loss in the same quarter last year was Rs 29.17 crore. WeWork India’s revenue from operations rose by 19% to Rs 535.31 crore in the April-June quarter, compared to Rs 448.65 crore during the same period last year, as indicated in the latest Red Herring Prospectus (RHP) submitted to SEBI.…

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WeWork India sets ₹615-648 price band for ₹3,000 crore IPO

NEW DELHI: WeWork India has set a price band of Rs 615 to Rs 648 per share for its Rs 3,000 crore initial public offering (IPO), scheduled to launch on October 3 and conclude on October 7. Bidding for anchor investors will start on October 1. At the upper end of the pricing, the company’s valuation is approximately Rs 8,685 crore. This IPO consists entirely of an Offer-for-Sale (OFS) of up to 4.63 crore equity shares, with the promoter group, Embassy Buildcon LLP, and investor Ariel Way Tenant Ltd (a part of WeWork Global) relinquishing their shares. Embassy Group currently…

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WeWork India to Launch ₹3,000 Crore IPO on October 3

NEW DELHI: WeWork India is set to launch its initial public offering (IPO) on October 3, with estimates suggesting an issue size of nearly Rs 3,000 crore. The offering will close on October 7, with anchor investor bidding opening for a day on October 1, according to the red herring prospectus (RHP). The proposed IPO consists entirely of an Offer for Sale (OFS) of up to 4.63 crore equity shares, with promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) slated to offload the shares. Since this is an OFS, WeWork India…

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WeWork India Receives Sebi Approval for IPO

NEW DELHI: WeWork India, a provider of flexible workspaces, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The offering will be conducted entirely through an offer for sale (OFS) route, with no new equity issuance as stated in the company’s draft red herring prospectus (DRHP). The IPO includes an OFS of up to 4.37 crore equity shares, each with a face value of ₹10. The selling shareholders, Embassy Buildcon LLP and 1 Ariel Way Tenant, will offload up to 3.34 crore shares and 1.03 crore shares, respectively. Notably, the company…

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WeWork India Secures Sebi Approval for ₹1,000 Crore IPO

NEW DELHI: WeWork India, a flexible workspace provider, has received approval from the Securities and Exchange Board of India (SEBI) for its ₹1,000-crore initial public offering (IPO). The Bengaluru-based co-working firm, operating under the WeWork brand, is promoted by Enam Securities in India. As per the company’s draft red herring prospectus (DRHP), the IPO consists of a fresh issue of ₹750 crore and an offer for sale (OFS) of ₹250 crore by Enam. Once listed, shares will trade on both BSE and NSE with a face value of ₹10 each. The proceeds from the fresh issue will be allocated towards…