WeWork IPO GMP, Subscription Status Updates: The much-anticipated WeWork India IPO opened for subscription today, October 3. This will be one of the more closely watched offers. The company is aiming to raise Rs 3,000 crore through the issue. The offer is priced in the range of Rs 615–648 per share and will close on October 7.
WeWork India IPO: It is an offer for sale
WeWork India’s IPO is entirely an offer for sale. The issue involves the sale of 4.62 crore shares, aggregating to Rs 3,000 crore, by Embassy Group and WeWork Global. This means that the company will not receive any proceeds from the IPO.
| WeWork India IPO | Key Details |
| Price Band | Rs 615–648 per share |
| IPO Date | October 3-7 |
| GMP | 2% |
| IPO Allotment date | October 8 |
| Listing date | October 10 |
WeWork India IPO: Retail participation rules
For retail investors, the minimum application size is one lot of 23 shares, which works out to Rs 14,904 at the upper price band. The maximum permissible bid for retail applicants is 13 lots, amounting to around Rs 1.93 lakh.
WeWork India IPO GMP muted
While the IPO has generated buzz, early signs from the grey market have been subdued. In the unofficial market, WeWork India is quoting at a modest premium of around 3%, or about Rs 15, over the upper price band. However, it is important to understand, WeWork is not the official listing price and can fluctuate based on the market sentiment.
WeWork IPO Subscription Status Live: Follow Live Coverage on WeWork IPO GMP, Subscription Status, Grey Market Premium, Listing Date, Review and More
WeWork IPO Subscription Status, GMP Live: SBI Securities has a Neutral rating
SBI Securities has a Neutral rating on the IPO. They believe that “At the upper price band of Rs 648, the issue is valued at FY25 P/E multiple of 50.1x based on the post-issue capital, which seems fairly valued.”
WeWork India is a leading premium flexible workspace operator in India with 68 operational centres across 8 cities in India, and an operational desk capacity of 1,14,077 desks. The company is the exclusive licensee of the WeWork brand in India and benefits from its relationship with WeWork Global. The global flexible workspaces operator has 600 wholly-owned and licensed locations in 35 countries. Historically, the company’s revenue has grown at 21.8% annually between FY23-FY25. The FY25 PAT came in at Rs 173 cr vs net loss of Rs 146 cr in FY23.
WeWork IPO Subscription Status, GMP Live: Financial performance snapshot
In the first quarter of FY26, WeWork India reported revenue of Rs 535.3 crore, a year-on-year increase of 19.3 percent. Its adjusted EBITDA margins declined to 18.05 percent compared with 21.67 percent in the same quarter last year.
The net loss stood at Rs 14.1 crore, lower than the Rs 29.1 crore loss reported a year earlier. During the period, the company’s average revenue per member, or billed desk, fell 3.3 percent to Rs 19,085.
WeWork IPO Subscription Status, GMP Live: Who is handling the IPO process
The WeWork India IPO is being steered by a consortium of lead managers that includes JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM.
Overseeing the key task of share allotment and maintaining investor records is MUFG Intime India, which has been appointed as the registrar to the issue.
WeWork IPO Subscription Status, GMP Live: Offer structure and objective
WeWork India’s Rs 3,000-crore IPO is a pure offer for sale, with about 4.63 crore shares on the block. Promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant, part of WeWork Global, will be offloading their stakes through the issue. Since no fresh capital is being raised, the exercise is aimed at giving existing shareholders liquidity, improving the company’s market visibility.
WeWork IPO Subscription Status, GMP Live: WeWork India IPO kicks off today
The Rs 3,000-crore IPO of co-working player WeWork India is set to open for public subscription today at 10 AM. The share sale is being led by the India unit of the U.S.-based workspace brand, where the majority stake is held by Embassy Group.
WeWork IPO Subscription Status, GMP Live: Anchor investors
Ahead of the IPO, the company managed to raise more than Rs 1,348 crore from a wide range of anchor investors. Domestic mutual funds such as ICICI Prudential, HDFC, Aditya Birla Sun Life, Axis, Canara-Robeco and Motilal Oswal participated in the anchor book, along with insurance firms like SBI General, Kotak Mahindra Life, Canara HSBC Life and Bajaj Allianz Life. International investors also showed interest, with Goldman Sachs Fund, Allianz Global Investors and Al Mehwar Commercial Investments among the names backing the offer.