Key Highlights :
WeWork India raises ₹1,348.3 crore from anchor investors in 2.08 crore shares at ₹648 per share.
The upcoming IPO (October 3–7) is a complete offer for sale of 4.62 crore shares to raise nearly ₹3,000 crore.
Key Background :
WeWork India is one of the top co-working and flexible office space providers in India, boasting a big market share in high-end segments. WeWork India had its roots in New York–based WeWork Inc., but it shifted towards independent operations gradually, especially after the U.S. parent went bankrupt late in 2023. Now, WeWork India operates under a domestic framework, supported by investors like Embassy Group, and is aimed at satisfying India’s rising need for flexible workspace solutions.
The firm initially submitted its draft prospectus in January 2025, laying out plans to raise capital via a public listing. Nevertheless, its progress was temporarily halted in March by regulatory checks. After the challenges were overcome, the Securities and Exchange Board of India approved the IPO in July 2025.
The issue in prospect is all priced as an offer for sale. Promoter Embassy Buildcon LLP is selling 3.54 crore shares and investor 1 Ariel Way Tenant Limited is selling 1.08 crore shares. As there are no new shares being issued, the money will not go into the company but will enable current shareholders to exit partially. Such a structure is typical in companies that seek to bring liquidity to early stakeholders while ensuring business stability.
Before the IPO, WeWork India had raised ₹1,348.3 crore through anchor investors by issuing shares at ₹648 the upper end of its price band. That allotment had attracted 67 investors, both domestic and foreign. Indian mutual funds had subscribed to almost half of the anchor shares, with global institutions like Goldman Sachs and Allianz Global lending the issue international credibility. Such a robust anchor book is typically viewed as a vote of confidence in the company’s growth story.
Financials have also reflected strength. In Q1 FY26, WeWork India cut its net loss by more than half, bringing it down to ₹14.1 crore, while revenue increased 19.3% year-on-year at ₹535.3 crore. This is a reflection of India’s changing workplace culture, where startups and businesses increasingly turn towards flexible workspaces as a cost-effective and scalable proposition to traditional office leasing.
If listed successfully, WeWork India will be part of the list of co-working companies including Awfis, Smartworks, IndiQube, and DevX listed on Indian exchanges. The IPO is not just a milestone for the company but also a sign of maturity for the co-working space in India. With increasing investor confidence, the sector seems to be set for further growth in the next couple of years.
About the Author
Abhishek Roy
Abhishek Roy is a Managing Editor at Business Minds Media India.
