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1h ago

WeWork India Secures Rs 1,348 Crore From Anchors Ahead of Oct. 3 OFS IPO

The offering is a pure offer for sale of up to 4.62 crore shares with no fresh issue, providing liquidity to existing shareholders at a price band of Rs 615–648.

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Overview

  • The company allotted 2.08 crore shares to 67 anchor investors at Rs 648 each, raising Rs 1,348.3 crore, according to a BSE filing.
  • Domestic mutual funds took 46.52% of the anchor allocation through 32 schemes, including ICICI Prudential, HDFC, Nippon India and Aditya Birla Sun Life.
  • The public issue opens on Oct. 3 and closes on Oct. 7, with listing planned for Oct. 10 on NSE and BSE; the retail lot size is 23 shares requiring Rs 14,904 at the upper band.
  • Selling shareholders plan to offload up to 3.54 crore shares (Embassy Buildcon LLP) and 1.08 crore shares (1 Ariel Way Tenant Ltd.), targeting about Rs 3,000 crore at an implied valuation near Rs 8,684 crore at Rs 648.
  • WeWork India runs 68 centres across eight cities and posted Q1 FY26 revenue of Rs 535.3 crore with a narrowed net loss of Rs 14.1 crore, while a brokerage notes a premium multiple near 67.8x at the top of the band.