WeWork India is set to launch its Initial Public Offering (IPO) on October 3, with a listing expected on October 10. The IPO aims to raise approximately ₹3,000 crore through an Offer for Sale (OFS). Bidding for anchor investors will commence on October 1, and the issue will close on October 7.

The IPO is entirely an OFS of up to 4.63 crore equity shares. This means that WeWork India will not receive any proceeds from the IPO. The shares will be offloaded by existing shareholders, including Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd (part of WeWork Global). Currently, the Embassy Group holds approximately 76.21% of WeWork India, while WeWork Global owns 23.45%.

WeWork India was established in 2017 and operates under an exclusive license to use the WeWork brand in India. The company's promoter is the Embassy Group, a real estate major based in Bengaluru. WeWork India has grown into a significant player in India's flexible workspace market, with operations in Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai.

WeWork India manages over 7.7 million sq. ft. of workspace, with 7 million sq. ft. currently operational. It has a seating capacity of 1.03 lakh desks and employs over 500 people. To support expansion and reduce debt, the company raised ₹500 crore via a rights issue in January 2024. Earlier, WeWork Global invested $100 million in 2021.

WeWork India expects the listing to enhance brand visibility, provide liquidity to existing investors, and build a public market for its shares in India. The company operates 59 centers across 8 major cities with an average occupancy of approximately 75%. Key clients include AWS, Deutsche Telekom, Samsung, and JP Morgan.

JM Financial Ltd. is the book running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the IPO.