WeWork India IPO Opens Today: Key Details, GMP, and Investment Takeaways.
WeWork India Management Ltd has launched its initial public offering (IPO) today, October 3, 2025. The Rs 3,000-crore issue is entirely an offer for sale (OFS) of 4.63 crore shares, meaning the proceeds will go to existing shareholders rather than the company. The IPO will remain open until October 7, 2025.
The price band is set at Rs 615–648 per share. Retail investors can apply for a minimum of 23 shares, requiring an investment of Rs 14,904 at the upper price band. Small non-institutional investors must bid for at least 322 shares (Rs 2.08 lakh), while large non-institutional investors need 1,564 shares (Rs 10.13 lakh). Ahead of the public issue, anchor investors subscribed to 1,348.26 crore worth of shares on October 1. JM Financial Ltd is the book-running lead manager, and MUFG Intime India Pvt. Ltd is the registrar.
About WeWork India
Founded in 2016, WeWork India operates flexible workspaces, including co-working spaces, managed offices, enterprise suites, and hybrid solutions. As of June 30, 2025, the company had 68 operational centres in eight Indian cities, with a total desk capacity of 1,14,077. Bengaluru and Mumbai account for the majority of its revenue. Its clients range from large enterprises to startups, SMEs, and independent professionals.
Should You Invest?
Brokerages remain cautious. Angel One rates the IPO “Neutral,” citing high valuations, with a post-issue P/E of 67.7 times FY25 earnings at the upper price band. SBI Securities also maintains a “Neutral” view, noting a P/E of 50.1 times and suggesting investors monitor post-listing performance. Analysts highlighted risks such as high fixed costs, concentrated revenue, and sector-specific uncertainties despite profitability.
Grey Market Insights
The IPO commanded a grey market premium (GMP) of Rs 15 on October 3, 2025, suggesting an estimated listing price of Rs 663 per share, or expected gains of around 2.3%.
Share allotment is expected on October 8, with the listing scheduled for October 10 on both the BSE and NSE. While the IPO offers exposure to India’s expanding flexible workspace sector, experts recommend cautious participation, particularly for risk-averse investors.
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