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WeWork India IPO: Price Band Fixed At Rs 615-648; Check Opening Date, GMP, Lot Size
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WeWork India IPO GMP: Unlisted shares of WeWork India Ltd are currently trading at zero, meaning flat or negative listing gains for investors as of now.
WeWork India IPO GMP.
WeWork India IPO GMP: WeWork India on Monday announced a price band of Rs 615 to Rs 648 per share for its upcoming Rs 3,000-crore initial public offering (IPO). With this, the co-working space operator’s valuation currently stands at around Rs 8,685 crore.
WeWork India IPO Opening Date, Other Key Dates
The IPO will open for public subscription on October 3 and close on October 7, while bidding for anchor investors will take place on October 1, according to the company’s public announcement. Its allotment will be finalised on Wednesday, October 8, while its listing will take place on October 10 on both the BSE and the NSE.
WeWork India IPO Lot Size
Investors can place bids for a minimum of 23 shares and in multiples thereafter. So, the minimum amount of investment required by a retail investor is Rs 14,904, based on the upper IPO price. The lot size investment for small NII is 14 lots (322 shares), amounting to Rs 2,08,656, and for big NII, it is 68 lots (1,564 shares), amounting to Rs 10,13,472.
WeWork India IPO GMP Today
According to market observers, unlisted shares of WeWork India Ltd are currently trading at zero, meaning flat or negative listing gains for investors as of now.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The IPO will be listed on both the BSE and the NSE.
WeWork India IPO: Category-Wise Quota
According to the company, 75 per cent of the offer size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.
WeWork India IPO: More Details
The IPO, which is entirely an Offer-for-Sale (OFS) of up to 4.63 crore equity shares, will see the promoter group entity, Embassy Buildcon LLP, and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their stakes.
The proposed IPO is worth Rs 3,000 crore at the upper end.
Currently, the Embassy Group holds about 76.21 per cent in WeWork India, while WeWork Global owns 23.45 per cent.
Since the issue is an OFS, WeWork India will not receive any proceeds from the issue and the funds will go entirely to the selling shareholders.
In its draft papers, WeWork India stated that the objective of the offer is to achieve the benefits of listing its equity shares on the stock exchanges. The company expects the listing to enhance visibility, provide liquidity to existing shareholders, and establish a public market for its stock in India.
Founded in 2017, WeWork India operates under an exclusive license of the WeWork brand in India, promoted by Bengaluru-based real estate developer Embassy Group.
The company aims to leverage the IPO primarily to achieve listing benefits, enhance visibility, provide liquidity to existing shareholders, and create a public market for its stock.
WeWork Global had invested $100 million in 2021, while in January 2024, the company raised Rs 500 crore through a rights issue to reduce debt and support expansion.
At present, WeWork India operates across Tier-1 cities, including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai, managing 77 lakh sq. ft. of space, of which 70 lakh sq. ft. is operational, with a desk capacity of 1.03 lakh. The firm employs over 500 people.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
September 29, 2025, 12:05 IST
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