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2h ago

WeWork India Sets Oct. 3–7 IPO, Anchor Bid on Oct. 1 in Rs 3,000-Crore OFS

The offer is a pure OFS designed to give existing shareholders liquidity rather than fund the business.

WeWork India IPO | Image: WeWork
IPO

Overview

  • The sale comprises up to 4.63 crore shares to be offloaded by promoter Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd, a WeWork Global affiliate.
  • Proceeds will go to the selling shareholders, with WeWork India receiving no funds from the listing.
  • The stock is expected to list around October 10 on the BSE and NSE, according to the timetable in the prospectus.
  • Current ownership stands at about 76.21% for Embassy Group and 23.45% for WeWork Global.
  • The company manages roughly 7.7 million sq ft of workspace with about 1.03 lakh desks, after prior funding that included a $100 million investment in 2021 and a Rs 500 crore rights issue in January 2024.