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WeWork India Sets Rs 615–648 Price Band for Rs 3,000 Crore OFS IPO Opening Oct. 3

The sale gives liquidity to existing promoters without channeling proceeds to the company.

Overview

  • Subscription runs Oct. 3–7 with anchor bidding on Oct. 1, allotment on Oct. 8, shares credited on Oct. 9 and listing slated for Oct. 10 on the BSE and NSE.
  • The offer totals up to about 4.62–4.63 crore shares, including roughly 3.5 crore from Embassy Buildcon and about 1.0–1.08 crore from WeWork affiliate 1 Ariel Way Tenant.
  • At the upper band, the issue size is about Rs 3,000 crore, implying a valuation near Rs 8,685 crore.
  • Allocation is set at 75% for QIBs, 15% for non-institutional investors and 10% for retail, with a minimum bid size of 23 shares.
  • WeWork India reports FY25 profit of Rs 128.2 crore and Q1 FY26 revenue of Rs 535.3 crore with a narrowed net loss of Rs 14.1 crore, operating about 7.7 million sq ft across eight cities.