WeWork India to launch Rs 3,000 Cr IPO on October 3
The IPO will consist entirely of an offer for sale of up to 46.3 million equity shares. Promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd., part of WeWork Global, will sell shares in the offering.
WeWork India is preparing to launch its initial public offering on October 3, in a share sale expected to raise nearly Rs 3,000 crore, according to people familiar with the matter. The offer will close on October 7, with anchor investor bidding opening on October 1, the company’s red herring prospectus shows.
The IPO will consist entirely of an offer for sale of up to 46.3 million equity shares. Promoter group firm Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd., part of WeWork Global, will sell shares in the offering. As the issue is an OFS, WeWork India itself will not receive any proceeds.
Bengaluru-based Embassy Group currently holds about 76% of the company, while WeWork Global owns roughly 23%. The company, founded in 2017, operates under an exclusive license of the “WeWork” brand in India. In its filing, WeWork India said the listing aims to enhance visibility, provide liquidity for existing shareholders, and create a public market for its stock.
WeWork Global invested $100 million in the Indian arm in 2021, and in January this year, the company raised Rs 500 crore through a rights issue, primarily to pare debt and fund expansion. The co-working operator manages about 7.7 million square feet of space across eight cities, including Bengaluru, Mumbai, Delhi, and Chennai. Of this, 7 million square feet is operational, with a desk capacity of 103,000.
The firm employs more than 500 people. WeWork India is expected to debut on the stock exchanges on Oct. 10.
The company’s IPO comes amid a wave of coworking-focused listings in India. Awfis Space Solutions Ltd, which went public in May 2024, raised about Rs 599 crore and initially saw its stock rally to Rs 950 before consolidating to around Rs 550–Rs 560 in August 2025.
Smartworks Coworking Spaces Ltd, listed in July 2025 after an IPO oversubscribed 13.45 times, opened at Rs 435 on the NSE, roughly 6.9% above its issue price. IndiQube Spaces Ltd made a weaker debut in July 2025, listing at Rs 216, below its issue price, and later slipping to Rs 201.60, though the company reported strong Q1 FY2026 results with 27% year-on-year revenue growth and a 303% jump in profits.
Edited by Affirunisa Kankudti