Diwali is often seen as that time of the year when many investors set aside money for new investments. With WeWork India’s IPO opening today (October 3), the question many might be considering – should this be their big bet ahead of Diwali?
The flexible workspace operator is set to raise Rs 3,000 crore, here are five key factors to keep in mind before you apply.
| WeWork India IPO | Key IPO details |
| Price Band | Rs 615–648 per share |
| GMP | 2% |
| IPO Allotment date | October 8 |
| Listing date | October 10 |
WeWork India IPO: It is an OFS, not fresh money
WeWork India’s Rs 3,000 crore IPO is entirely an offer for sale (OFS). That means no fresh funds will come into the company.
Existing shareholders will sell part of their stakes. Embassy Buildcon, the promoter, plans to offload 3.54 crore shares. Similarly, WeWork International will sell 1.089 crore shares.
Embassy Buildcon currently holds 73.56% of the company, and WeWork International owns 22.64%.
The money raised will go to existing shareholders, mainly promoter Embassy Buildcon LLP and WeWork International, who are offloading part of their stake.
WeWork India IPO price band
The price band is set at Rs 615–648 per share. The issue will close its subscription window on October 7.
WeWork India IPO GMP
The WeWork India IPO GMP has just started trending higher. As per the rates that have started coming in, the grey market premium for the IPO is up 2%. This indicates a listing price of Rs 663 per share. However, just to remind our viewers, the GMP is an unofficial rate and there are instances when the actual listing price is significantly different from what the GMP trend indicates.
WeWork India IPO: Key dates to remember
After the completion of its three-days subscription period, the share allotment is expected to be finalised on October 8, and the listing on the BSE and NSE is tentatively scheduled for October 10, 2025.
With this listing, WeWork India will become one of the few listed players in India’s growing flexible workspace segment, alongside Awfis Space Solutions, Indiqube, and Smartworks.
WeWork India IPO: Anchor Investors
Ahead of its public share-sale, WeWork India has secured over Rs 1,348 crore from anchor investors. The anchor book saw participation from major domestic mutual funds such as ICICI Prudential, HDFC, Motilal Oswal, Aditya Birla Sun Life, Axis, and Canara-Robeco, alongside insurance companies including Canara HSBC Life, SBI General, Kotak Mahindra Life, and Bajaj Allianz Life.
International investors also contributed, with demand from Goldman Sachs Fund, Al Mehwar Commercial Investments LLC (Wanda), and Allianz Global Investors.
WeWork India IPO: Financial snapshot
WeWork India has shown revenue growth but is still reporting losses. In Q1FY26, its revenue rose 19.3% year-on-year to Rs 535.3 crore. Adjusted EBITDA margins fell to 18.05% from 21.67% a year ago.
The net loss narrowed to Rs 14.1 crore from Rs 29.1 crore in the previous year’s quarter. Meanwhile, the average revenue per member or billed desk declined 3.3% to Rs 19,085.
WeWork India IPO: Lead managers and registrar
The issue is being managed by a group of book-running lead managers. This includes JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM. The role of registrar, responsible for share allotment and record-keeping, is being handled by MUFG Intime India.