WeWork India gets the green light for its IPO

WeWork India IPO date is not announced yet. WeWork India is a book built issue and have plan to raise around ₹[.] crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale of ₹[.] crores, up to 43,753,952 Equity Shares with face value of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15% as per DRHP. The IPO to list on NSE and BSE.

WeWork India Management, which is one of the leading office space providers, has received the market regulator SEBI’s approval in order to launch its IPO, Initial Public Offering.

In February 2025, the company had filed its DRHP draft red herring prospectus to the market regulator SEBI. SEBI approved the IPO last week, after keeping it on hold in March.

The IPO consists of an Offer for Sale (OFS) of up to 43.7 million equity shares, meaning the proceeds will not go to the company but to selling shareholders, after deducting expenses and taxes, and not to the company.

The OFS includes up to 33.4 million shares sold by Embassy Buildcon LLP (the promoter) and up to 10.2 million shares sold by 1 Ariel Way Tenant Limited (the investor).

In FY24, the company generated a revenue of ₹1,665.14 crore from operations, compared to FY23, it was ₹1,314.52 crore. As of September 2024, the company’s net debt was ₹529.43 crore, respectively.

In FY24, the company generated a loss of ₹135.77 crore. If we compare it in FY23, the company showed a loss of ₹146.81 crore.

The company is part of WeWork Global from the US, which runs about 600 offices in 35 countries.

Bengaluru, Mumbai, Pune, Hyderabad, Gurgaon, Noida, Delhi, and Chennai are where their offices are situated. As of June 30, 2024, about 93% of its spaces were in grade A properties. Its portfolio included 94,440 desks across 59 centres, with a total leasable area of 6.48 million square feet.

WeWork India IPO Prospectus:

DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	To be Updated Soon

WeWork India Company Financial Report

Amount ₹ in Crores

Period Ended	Revenue	Expense	Profit After Tax
2022	₹836.67	₹1479.67	₹643.00
2023	₹1422.77	₹1569.66	₹146.81
2024	₹1737.16	₹1869.92	₹135.77
September 2024	₹960.76	₹1019.45	₹174.57

WeWork India IPO Valuation – FY2024

WeWork India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹(10.73) (Basic)
Price/Earning P/E Ratio:	N/A
Return on Net Worth (RoNW):	N/A
Net Asset Value (NAV):	₹(34.55)

Peer Group Comparison

Company	EPS	PE Ratio	RoNW %	NAV	Income
Awfis Space Solutions Limited	(2.79)	NA	(6.99%)	39.87	848.82 Cr.

Objects of the Issue

IPO Lead Managers aka Merchant Bankers

JM Financial Limited
ICICI Securities Limited
Jefferies India Private Limited
Kotak Mahindra Capital Company Limited
360 ONE WAM Limited

Vijay Prajapati

An experienced stock market professional with expertise in IPO research, market insights, and equity strategies. With a strong background in research and capital markets, he delivers comprehensive coverage on upcoming IPOs, subscription patterns, grey market premium (GMP), and post-listing performance, along with detailed reviews, recommendations, and technical analysis.

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