WeWork India Management IPO 2025: Dates, Price Band, Lot Size, Financials, Allotment, and Listing

WeWork India Management Ltd. opens its ₹3,000 crore mainboard IPO on Oct 3–7, 2025 as a 100% Offer for Sale, with a price band of ₹615–₹648 and a 23‑share lot; allotment is slated for Oct 8 and listing for Oct 10 on NSE and BSE. Below is a concise breakdown of key terms, business context, and how to check allotment—all in one place.

Key IPO details

• Window: Oct 3–7, 2025; anchor on Oct 1.
• Price band: ₹615–₹648; face value ₹10.
• Size/structure: ₹3,000 crore, 100% OFS of ~4.63 crore shares; no fresh issue.
• Lot size/min outlay: 23 shares; ₹14,904 at the floor band; retail max 13 lots = 299 shares.
• Allocation: Per RHP and broker summaries; check retail/QIB/NII reservations before bidding.
• Registrar/BRLMs: MUFG Intime India registrar; multiple BRLMs including JM Financial, ICICI Securities, Jefferies, Kotak.

Business snapshot

• Largest premium flexible workspace operator in India by revenue over the last three fiscals, with 68 operational centres, 7.67 mn sq ft leasable area, and 1,14,077 desks as of FY25/Q1 FY26.
• Enterprise clients contribute roughly three‑fourths of membership fees, with notable marquee tenants across Fortune 500 and global companies.

Financials and KPIs

• Total income: ₹1,422.8 cr (FY23), ₹1,737.2 cr (FY24), ₹2,024.0 cr (FY25).
• PAT: −₹146.8 cr (FY23), −₹135.8 cr (FY24), ₹128.2 cr (FY25); Q1 FY26 PAT −₹14.15 cr.
• Adjusted EBITDA margin improved from mid‑teens FY23 to low‑20s FY25, per broker and RHP data.

How to apply and check allotment

• Apply via ASBA/UPI during Oct 3–7; approve mandates by 5 PM on closing day.
• Allotment: Oct 8; refunds/credit to demat: Oct 9; listing: Oct 10 at 10:00 AM on NSE/BSE.
• Allotment status: Use MUFG Intime’s Public Issues page, or BSE/NSE investor modules, with PAN/Application/DP ID.

What to evaluate

• Pure OFS: No primary capital for growth; consider implications for deleveraging or expansion.
• Unit economics: Revenue‑to‑rent multiple, ARPM trends, occupancy, and contract tenures matter more than headline revenue growth.
• Cyclicality: Sensitivity to office demand, pricing power in Grade‑A markets, and competitive dynamics versus peers (Awfis, Smartworks, IndiQube).

Bottom line: WeWork India’s IPO offers exposure to India’s largest premium co‑working platform with improving profitability metrics and a pure OFS structure; weigh valuation against peers and unit economics, then size bids accordingly.