WeWork India Share Price, IPO Listing Highlights: WeWork India shares first session 2.8% lower to opening price

The share price of WeWork India closes the first day of trading 2.77% lower to its opening price at Rs 632 on the National Stock Exchange. The stock was listed at Rs 650 today, October 10.

At this hour, WeWork India shares are trading at Rs 630.10 on the BSE, down Rs 16.40 or 2.54%, while on the NSE, the stock is at Rs 630.15, down Rs 19.85 or 3.05%.

The WeWork India share price continues to trade below the issue price on Day 1 of D-Street debut. The stock is hoverong close to Rs 630 per share price levels.

At this hour, WeWork India shares are trading lower, at Rs 631.35, down Rs 15.15 or 2.34% on the BSE, while on the NSE, the stock is at Rs 631.70, down Rs 18.30 or 2.82%.

HDFC Securities highlighted that WeWork India is betting on strong brand recognition and leadership in India and international presence. WeWork India, has been recognized as a pioneer in the flexible workspace sector, consistently achieved the highest search volume from October 2023 -December 2024, outpacing its closest competitor by 3.5 to 4 times, reflecting its strong brand recognition and market leadership.

The share price of WeWork India Management is trading at Rs 634.45 on the National Stock Exchange, a drop of 2.4% from its opening price. The stock was listed on today, October 10, at a price of Rs 650, a premium of mere 0.4% to the issue price.

The WeWork India share slides sharply after a muted listing. The share price of WeWork India is trading down 3% around Rs 625 levels. The shares hit an intra-day low of Rs 614 per share.

The shares of WeWork India listed on both NSE and BSE today. The shares of the company listed at a premium of 0.31% against its issue price.

On the NSE, the stock opened at Rs 650, showing a small premium of 0.31% over its IPO price of Rs 648. On the BSE, it listed slightly lower at Rs 646.50, a discount of 0.23%.

The IPO price band was set between Rs 615-648 per share.

One of the big worries for WeWork IPO has been the proceedings against the promoter. Though the latest Court decision to allow the listing on schedule ensure that the listing proceeds without a glitch, investors are apprehensive still. As per the DRHP, the promoter was named as one of the respondents in 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.

Read More: WeWork India IPO Opens on October 3: Four lesser-known facts that investors can’t miss before applying

Here are some lesser known facts about the WeWork IPO-

1. The Embassy Group connection

WeWork India’s strategic relationship with the Embassy Group is crucial. The portfolio of this real estate developer exceeds 85 million square feet. In fact, they were also the sponsors for India’s first REIT. This association offers WeWork India easy access to premium spaces that it can offer for co-working. 

2. Global parentage

WeWork also benefits from its association with WeWork Global. It has 600 locations across 35 countries.

Read More: WeWork India IPO Opens on October 3: Four lesser-known facts that investors can’t miss before applying

The anchor book received widespread participation from domestic institutional investors, including ICICI Prudential, HDFC MF, Motilal Oswal MF, Aditya Birla MF, Axis MF, Canara-Robeco MF and insurance companies such as Aditya Birla Sun Life, Canara HSBC Life, SBI General and Kotak Mahindra Life and Bajaj Allianz Life. Global interest was equally notable with demand from sovereign and long-only FIIs such as Edelweiss MF, Goldman Sachs Fund, Whiteoak Capital MF, Al Mehwar Commercial Investments and Allianz Global Investors, among others.

The WeWork India IPO was primarily an offer for sale. A total of 4.63 crore shares worth Rs 3,000 crore were sold. The management raised Rs 1,348.26 crores from 67 anchor investors at the upper end of the price band at Rs 648 per equity share.

The subscription for WeWork was relatively tepid, and the GMP has also cooled off. The current trend indicates a flat listing. All eyes are on what it means for investors and if they can gain anything on listing day. The prices cooled off significantly in the grey market on investor concerns. Moreover, it is an OFS, so the proceeds are going directly to the shareholders, diluting the stake. As a result, the company will not have any funds to fund expansion.

Speaking on the company dynamics, Anand Rathi outlined that WeWork India “has been instrumental in driving the growth of the flexible workspace sector in India and have significantly contributed to the development and diversification of flexible workspace products and services. As a premium flexible workspace operator, they achieved an average portfolio-level revenue-to-rent multiple of 2.7 in Fiscal 2025, surpassing the industry average range of 1.9 to 2.5. They provide a wide suite of flexible workspace solutions, from enterprise suites to co-working and hybrid options, with flexible lease terms in tech-enabled

centres.

The WeWork India IPO GMP has been very muted. This has raised concerns in the minds of investors on whether the issue can deliver a listing gain. Most brokerages have a positive view on the IPO but have raised some concerns over governance issues. All eyes on the listing today for the final analysis.