WeWork India IPO GMP, Allotment Status Highlights: The WeWork India IPO listing date has been confirmed on schedule, October 10. The three-day bidding window for the Rs 3,000 crore IPO closed on October 7, with a 1.15 times overall subscription. The issue was launched on October 3.
Focus now shifts to IPO allotment
The refunds were in the process of being initiated today, October 9, and the company’s shares will be listed on October 10 on both the BSE and NSE.
| WeWork India IPO | Key Details |
| Price Band | Rs 615–648 per share |
| IPO Date | October 3-7 |
| GMP | 0% |
| IPO Allotment date | October 8 |
| Listing date | October 10 |
Anchor investors lead the charge
Before opening for the public, WeWork India raised Rs 1,348 crore from anchor investors. However, given that the IPO was entirely an Offer for Sale (OFS), the company itself will not receive any proceeds from the listing.
The funds will go to shareholders diluting stake- Embassy Buildcon LLP and 1 Ariel Way Tenant, a part of WeWork Global.
About the Company
Founded in 2017, WeWork India operates as the licensed Indian arm of the global WeWork brand. Backed by the Embassy Group, it manages 77 lakh sq. ft. of co-working space across major Indian cities like Bengaluru, Mumbai, Gurugram, and Hyderabad, with over 1 lakh desks and a workforce exceeding 500 employees.
WeWork India IPO Allotment Status Highlights: Follow Coverage on WeWork India IPO GMP, Allotment Status, Grey Market Premium, Listing Date, Review and More
WeWork India IPO Allotment Status Live: Nirmal Bang on WeWork India's IPO valutaion
"WeWork is a leader in India’s premium flexible workspace market with robust growth metrics. The company is strategically positioned as a premium market leader to capitalize on the sustained shift towards hybrid work models in India. Revenue and adjusted EBITDA has grown steadily at a CAGR 22% and 48%, respectively, between FY23–FY25. The issue is available at a EV/adj EBIDTA of 21.3x of FY25 earnings which we believe is reasonable and recommend ‘Subscribe’ to the issue considering India’s strong demand for flexible offices and WeWork’s brand leadership," said Nirmal Bang in an IPO note.
WeWork India IPO Allotment Status Live: Arihant Capital on WeWork India's valutation
Financially, WeWork India delivered FY25 revenues of Rs 1,949.2 crore with adjusted EBITDA of Rs 421.3 crore, implying a margin of 22%. "Its portfolio revenue-to-rent multiple of 2.7x exceeds the industry average of 1.9–2.5x. At the upper price band Rs 648, the IPO is valued at an EV/EBITDA multiple of 7.3x, reflecting its leadership, premium positioning, and brand strength. We recommend a 'Subscribe for listing gain' for this issue," said Arihant Capital in an IPO note.
WeWork India IPO Allotment Status Live: Subscription details
With quite a few IPOs being launched this week, the subscription numbers of WeWork stand out in terms of being relatively tepid compared to many. It was subscribed 1.15 times in total. That compared to Tata Capital's subscription of 1.96 times and LG Electronic India's subscription exceeding 13x so far on Day 3 appears rather weak.
WeWork India IPO Allotment Status Live: Lakshmishree on WeWork IPO
“We believe that WeWork India Management, led by a seasoned and strategically focused management team, offers a compelling investment proposition in the rapidly expanding flexible workspace market. The company is strategically positioned as a premium market leader to capitalize on the sustained shift towards hybrid work models in India,” said the brokerage firm, Lakshmishree, in an IPO note.
WeWork India IPO Allotment Status Live: Group company received SEBI show cause notice
The Group Company, Embassy Office Parks Management Services, has received show-cause notices under the Securities and Exchange Board of India Act, 1992, which may impact WeWork India. An interim order cum show cause notice has been issued by SEBI, directing it to suspend its erstwhile chief executive officer and to appoint an interim chief executive officer with immediate effect, in compliance with applicable laws, including ‘fit and proper person’ criteria.
WeWork India IPO Allotment Status Live: Promoters named in ED proceedings
WeWork India Promoter and Chairman, Jitendra Mohandas Virwani, was named as one of the respondents in the proceedings initiated by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002, in 2014, in relation to allegations of corruption and irregularities in 2004 with respect to certain land development and housing projects awarded by the government.
WeWork India IPO Allotment Status Live: Corporate governance concerns
There was one aspect that the potential investors in WeWork were worried about: the corporate governance concerns with respect to the company.. 53.13% of pre-offer equity held by Embassy Buildcon was pledged (now released). Moreover, negative cash flows in recent quarters primarily due to lease accounted and operating expenses.
Bajaj Broking IPO note stated that from a valuation perspective, "the company is currently valued at EV/EBITDA multiple of 6.8x and an EV/Sales multiple of 4.3x based on its FY25 financials."
WeWork India IPO Allotment Status Live: Kotak Securities highlights revenue outlook
According to Kotak Securities, "Among WeWork India’s benchmarked peers, they had 1.42 times the operational revenue and 2.45 times the Adjusted EBITDA of the next operator for FY25. according to the CBRE Report."
As a premium flexible workspace operator, Kotak believes that their "average portfolio-level revenue to rent multiple of 2.7 for FY25 exceeded the industry average which typically ranges between 1.9 to 2.5, as derived from the CBRE Report."
WeWork India IPO Allotment Status Live: About the company
WeWork India, established in 2017, operates as the exclusive Indian licensee of the global WeWork brand. The firm, backed by the Embassy Group, manages about 77 lakh sq. ft. of workspace, with nearly 70 lakh sq. ft. already operational. It has a desk capacity of over 1 lakh and a presence across key cities such as Bengaluru, Mumbai, Gurugram, Hyderabad, Noida, and Chennai.
WeWork India IPO Allotment Status Live: Listing timeline
The company’s shares are likely to debut on October 10, on both the BSE and NSE. The listing will mark the entry of the co-working space operator into the public market.
WeWork India IPO Allotment Status Live: Anchor investment
Before opening for public bidding, WeWork India raised around Rs 1,348 crore from anchor investors. However, as the IPO was an OFS, the proceeds will not flow to the company but instead to its selling shareholders.
WeWork India IPO Allotment Status Live: How to check IPO allotment status
Here is your easy guide on how to check allotment online
Via BSE Website
Go to the BSE IPO allotment status page.
Select ‘Equity’ as the issue type.
From the dropdown, choose WeWork India.
Enter your application number or PAN.
Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
Via NSE Website
Visit the NSE IPO application tracking page.
Then, click on ‘Equity and SME IPO Bid Details’.
Select ‘WeWork India’ from the list.
Provide the details, such as your application number and PAN.
Submit to view your allotment status.
Via the Registrar’s WebsiteGo to the official site of the registrar, MUFG Intime India .
Select ‘WeWork India’ from the dropdown.
Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
Fill in the necessary details and press Search to check your status.
WeWork India IPO Allotment Status Live: Listing details
The company’s shares are likely to debut on October 10, on both the BSE and NSE. The listing will mark the entry of the co-working space operator into the public market.
WeWork India IPO Allotment Status Live: About the company
WeWork India, established in 2017, operates as the exclusive Indian licensee of the global WeWork brand. The firm, backed by the Embassy Group, manages about 77 lakh sq. ft. of workspace, with nearly 70 lakh sq. ft. already operational. It has a desk capacity of over 1 lakh and a presence across key cities such as Bengaluru, Mumbai, Gurugram, Hyderabad, Noida, and Chennai.
WeWork India IPO Allotment Status Live: Subscription and details
The IPO opened for subscription on October 3 and closed on October 7. WeWork India raised ₹3,000 crore through an offer-for-sale of 4.63 crore shares, with a price band of ₹615–648 per share.
The IPO saw a total subscription of 1.15 times, including 61% in the retail segment, 23% in the NII category, and 1.79 times in QIBs. JM Financial Ltd. acted as the book running lead manager, while MUFG Intime India Pvt. Ltd. served as the registrar.
WeWork India IPO Allotment Status Live: WeWork ipo gmp today
Shares of WeWork India are trading without any premium or discount in the unlisted market. The wework ipo gmp today is ₹0 per share, indicating that the estimated listing price will match the IPO price of ₹648 per share.
WeWork India IPO Allotment Status Live: How to check wework ipo allotment online
Once the allotment is finalised, equity shares will be credited to eligible investors’ demat accounts, and refunds will be processed for unsuccessful bidders on October 9. Investors can check their allotment status online via BSE, NSE, or the IPO registrar MUFG Intime India Pvt. Ltd.
WeWork India IPO Allotment Status Live: IPO allotment likely today
The initial public offering (IPO) of workspace operator WeWork India Management Ltd. saw muted investor demand during its subscription period. Investors are now awaiting the wework ipo allotment date, which is expected on October 8, 2025. The IPO listing is scheduled for October 10.
HDFC Securities lists out its key concerns about the WeWork IPO
-Company receives no funds from the 46.3 million shares being sold by selling shareholders.
-Currently rated A- (Stable) by ICRA; any downgrade would increase borrowing costs and limit refinancing abilityws in recent quarters primarily due to lease accounting and operating expenses
-Currently rated A- (Stable) by ICRA; any downgrade would increase borrowing costs and limit refinancing ability
-66-70% of Net Membership Fees from Bengaluru and Mumbai centers; adverse developments in these cities would significantly impact revenue
-Leased 7.35 million sq ft across 60 centres with fixed rental escalations; operating rental payouts represent 43-47% of revenue from operations.
WeWork India IPO Allotment Status Live: Company to announce shortly
WeWork India is expected to finalise its IPO share allotment shortly. After determining the basis of allotment, equity shares will be credited to eligible investors’ demat accounts, while refunds for unsuccessful applicants are set to begin on October 9.
WeWork India IPO Allotment Status Live: Canara Bank Securities highlights growth drivers
Canara Bank Securities highlighted that WeWork India's "growth is supported by rising grade A office supply in India." Additionally, they pointed out that "superior margins are attributed to flexible offerings—from hourly desk bookings to multi-month floor leases." Associations with WeWork Global and Embassy Group are also seen as positive, as they see them facilitating "opportunities for synergies in India and abroad.”
WeWork India IPO Allotment Status Live: Draft red herring prospectus lists several key risks for investors.
Enforcement Directorate proceedings are ongoing against promoter and chairman Jitendra Mohandas Virwani under the Prevention of Money Laundering Act, which could affect the company’s business, reputation, and financial health.
Group entity Embassy Office Parks Management Services Pvt Ltd (EOPMSPL) has received show-cause notices from SEBI, posing potential impact on operations.
One of the promoters has pledged equity shares, which could affect promoter shareholding and market price.
The company clarified that it will not receive any proceeds from the offer for sale portion of the IPO.
Continued net losses and negative cash flows may hurt profitability if revenues do not grow as planned.
Any credit rating downgrade could make it harder to raise capital.
A significant portion of revenue—over 70%—comes from Bengaluru and Mumbai centres, exposing the company to location-specific risks.
Growth could be impacted by macroeconomic pressures, inflation, or the emergence of alternative workspace model
WeWork India IPO Allotment Status, GMP Live: Subscription recap
The WeWork India Management IPO was fully subscribed on its third day of bidding. The Qualified Institutional Buyers (QIB) segment recorded 1.79 times subscription, while Non-Institutional Investors (NII) saw a lower response at 0.23 times, with the 10 lakh+ category at 0.23 and the 2–10 lakh category at 0.21. Retail investors subscribed 0.61 times, and the employee portion saw strong interest at 1.87 times, bringing the overall subscription to 1.15 times.
WeWork India IPO Allotment Status, GMP Live: Arihant Capital on WeWork IPO
"The company operates on a capital-efficient lease model and has achieved healthy occupancy (>80% in mature centres). Financially, WeWork India delivered FY25 revenues of INR 19,492 Mn with Adjusted EBITDA of INR 4,213 Mn, implying a margin of 21.6%. Its portfolio revenue-to-rent multiple of 2.7x exceeds the industry average of 1.9–2.5x. At the upper price band INR 648, the IPO is valued at an EV/EBITDA multiple of 7.3x, reflecting its leadership, premium positioning, and brand strength," said Arihant Capital in its IPO note.
WeWork India IPO Allotment Status, GMP Live: About WeWork India
WeWork India, established in 2017, operates as the exclusive Indian licensee of the global WeWork brand. The firm, backed by the Embassy Group, manages about 77 lakh sq. ft. of workspace, with nearly 70 lakh sq. ft. already operational. It has a desk capacity of over 1 lakh and a presence across key cities such as Bengaluru, Mumbai, Gurugram, Hyderabad, Noida, and Chennai.
WeWork India IPO Allotment Status, GMP Live: Listing timeline
The company’s shares are likely to debut on October 10, on both the BSE and NSE. The listing will mark the entry of the co-working space operator into the public market.
WeWork India IPO Allotment Status, GMP Live: Allotment date and process
Investors are now awaiting the IPO allotment, which is expected to be finalised today October 8. Once allotments are processed, investors can check their application status online through the BSE website, NSE portal, or via the registrar MUFG Intime India Pvt Ltd using their PAN, DP/Client ID, or application number.
WeWork India IPO Allotment Status, GMP Live: OFS - No fresh funds for the company
Since this IPO did not include a fresh issue of shares, WeWork India will not gain any new capital from the offer. The entire proceeds will go to the promoters - Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd, an entity associated with WeWork Global.
WeWork India IPO Allotment Status, GMP Live: Anchor investment ahead of the IPO
Before opening for public bidding, WeWork India raised around Rs 1,348 crore from anchor investors. However, as the IPO was an OFS, the proceeds will not flow to the company but instead to its selling shareholders.