Tag: WeWork India

CommercialLatest Stories

WeWork IPO Sees 4% Subscription on Opening Day

NEW DELHI: WeWork India Management Ltd’s initial public offering (IPO) saw a 4% subscription on its opening day of share sales on Friday. The IPO attracted bids for 1,110,440 shares, compared to the 25,489,748 shares available, according to NSE data. The retail individual investors’ (RII) segment was subscribed at 14%, while both the qualified institutional buyers and non-institutional investors’ segments saw subscriptions of 2% each. WeWork India has secured over Rs 1,348 crore from anchor investors. The company’s Rs 3,000-crore issue will close on October 7, with a price band set between Rs 615 and Rs 648 per share, which…

CommercialLatest Stories

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.…

CommercialLatest Stories

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…

CommercialLatest Stories

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…

CommercialLatest Stories

WeWork India Leases 22,700 sq ft to Chargebee in Chennai

NEW DELHI: WeWork India Management, a flexible workspace provider, has leased 22,000 sq ft to Chargebee, a global billing and monetization company, at WeWork Ramanujan Intellion Park in Chennai. Earlier in 2025, Chargebee relocated its office from Ireland to WeWork 5 Harcourt Road in Dublin. In July 2025, WeWork India secured leases for two centers: WeWork EON Free Zone in Pune and WeWork Ramanujan Intellion Park in Chennai. The Chennai location occupies three floors within the Littlewood Tower, offering 150,000 sq ft of space and 2,400 desks, while the Pune center features 60,000 sq ft in Kharadi. WeWork India is…

CommercialLatest Stories

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…

CommercialLatest Stories

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…

CommercialLatest Stories

WeWork India Leases 200K sq ft Office in Pune and Chennai

NEW DELHI: WeWork India Management has finalized leases for two new locations: WeWork EON Free Zone in Pune and WeWork Ramanujan Intellion Park in Chennai. The Chennai office occupies three floors within the Littlewood Tower, covering a total area of 150,000 sq ft and accommodating 2,400 desks. In Pune, WeWork has partnered with Panchshil Realty to acquire two floors of workspace spanning 60,000 sq ft, which will house 1,000 desks. Both locations are expected to open in the latter half of FY25. Published On Jun 12, 2025 at 12:30 PM IST Join a community of over 2 million industry professionals.…