
WeWork India Management Limited is a leading premium flexible workspace operator in India, ranked as the largest by total revenue for the past three fiscal years. Launched in 2017, the company leases primarily Grade A office spaces in top-tier micro-markets, which it then designs, builds, and operates to global standards. It offers a wide range of flexible workspace solutions, including private offices, enterprise suites, and custom-built floors, to a diverse client base ranging from large enterprises and Fortune 500 companies to startups and individuals. The company operates as the exclusive licensee of the 'WeWork' brand in India.
Oct 03, 2025
Oct 07, 2025
Oct 10, 2025
Mainboard
Closed
3000 Cr
—
3000 Cr
₹615 - ₹648
23
The objects of the Offer are to carry out the Offer for Sale and to achieve the benefits of listing the Equity Shares on the Stock Exchanges.
To carry out the Offer for Sale of up to 46,296,296 Equity Shares by the Selling Shareholders.
To achieve the benefits of listing the Equity Shares on the Stock Exchanges, which is expected to enhance visibility and brand image and provide liquidity to existing shareholders.
The company will not receive any proceeds from the Offer for Sale, as the entire proceeds will be received by the Selling Shareholders.
23.4
32.4
63.8%
63.41%
63.8%
1.55
6.33%
63.41%
41.62
Strong brand recognition as a leading premium flexible workspace operator in India, backed by the global WeWork brand and the Embassy Group.
Extensive portfolio of high-quality, Grade A properties located in prime business districts across major Tier 1 cities.
Diverse and high-quality member base, including a significant number of Fortune 500 companies and large enterprises, leading to consistent growth.
Comprehensive range of flexible products and services, from private offices to custom-built enterprise solutions and digital products.
History of net losses and negative earnings per share in recent fiscal years, indicating challenges in achieving profitability.
High revenue concentration from centers in Bengaluru and Mumbai, exposing the business to risks from adverse developments in these specific markets.
Heavy reliance on long-term, fixed-cost lease agreements, resulting in significant fixed operating expenses regardless of occupancy rates.
Negative net worth recorded in Fiscals 2023 and 2024, indicating that total liabilities exceeded total assets during those periods.
The flexible workspace market in India is rapidly growing, with stock forecasted to increase at a CAGR of 18-20% by the end of 2027.
Increasing adoption of hybrid and distributed work models by corporations is driving demand for flexible and agile workspace solutions.
Expansion of Global Capability Centers (GCCs) in India presents a significant opportunity to cater to the office space needs of multinational corporations.
The burgeoning start-up ecosystem, supported by government initiatives, is expected to fuel demand for scalable and cost-effective office spaces.
Ongoing legal proceedings against the Promoter and Chairman could negatively impact the company's reputation and business operations.
Dependence on the 'WeWork' brand, licensed from WeWork Global, poses a risk if the global brand's reputation is damaged or the licensing agreement is terminated.
Macroeconomic slowdowns, recessions, or shifts in employment trends could reduce overall demand for commercial office space.
Intense competition from other established and emerging flexible workspace operators could lead to pricing pressures and affect market share.