WeWork India is launching its initial public offering (IPO) on October 3, 2025, with the subscription window closing on October 7, 2025. Here are ten key things to know from the company's Red Herring Prospectus (RHP) before subscribing:

1. IPO Details

• The IPO is a book-built issue worth ₹3,000.00 crore.
• It is entirely an offer for sale (OFS) of 4.63 crore shares. There is no fresh issue of shares.
• The IPO price band is set between ₹615 and ₹648 per share.
• The face value of each share is ₹10.
• The minimum lot size for an application is 23 shares, requiring a minimum investment of ₹14,904 at the upper price band.
• For small non-institutional investors (sNII), the lot size is 14 lots (322 shares), amounting to ₹2,08,656.
• For big non-institutional investors (bNII), the lot size is 68 lots (1,564 shares), amounting to ₹10,13,472.
• The IPO will be listed on both the BSE and NSE.
• The tentative listing date is October 10, 2025.

2. IPO Objectives

• The company will not receive any proceeds from the IPO.
• All funds raised will go to the selling shareholders, net of offer-related expenses and applicable taxes, which will be borne by the selling shareholders.
• WeWork India expects the listing to enhance visibility, provide liquidity to existing shareholders, and establish a public market for its stock in India.

3. Important Dates

• IPO Opening Date: October 3, 2025.
• IPO Closing Date: October 7, 2025.
• Allotment Finalization: October 8, 2025.
• Refund Initiation: October 9, 2025.
• Demat Credit: October 9, 2025.
• Listing Date (Tentative): October 10, 2025.

4. Selling Shareholders

• Embassy Buildcon LLP, the promoter of WeWork India, will offload 3.54 crore shares.
• 1 Ariel Way Tenant Ltd (WeWork International) will divest 1.089 crore shares.
• As of the RHP filing, Embassy Buildcon LLP holds a 73.56% stake in WeWork India, while WeWork International owns 22.64%.
• Embassy's acquisition price was Rs 161.83 per share; One Ariel Way's was Rs 65.88.

5. Company Profile

• WeWork India Management Limited was established in 2016.
• The company is a leading operator in the premium flexible workspace segment in India.
• WeWork India is the exclusive licensee of the globally recognized WeWork brand in India.
• As of June 30, 2025, WeWork India had a portfolio of 114,077 desks across 68 operational centers, with a total leasable area of 7.67 million square feet.
• 94% of the company's portfolio is located in Grade A developments across major Tier 1 cities such as Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai.

6. Business Strategy

• WeWork India plans to focus on revenue growth, capacity expansion and debt reduction.
• The company is aiming for over 20% revenue growth in the coming years.

7. Financial Performance

• For the fiscal year ended March 2025, WeWork India's operating revenue grew 17% to Rs 1,949 crore.
• The company swung to a profit of Rs 128 crore in FY25, compared to a loss of Rs 135.7 crore in FY24.
• In 2021, WeWork Global invested $100 million in the unit, and in January 2024, it raised ₹500 crore through a rights issue, primarily to reduce debt and support growth.

8. Key Risks

• Ongoing legal proceedings involving promoter and group entities may affect reputation and operations.
• Long-term fixed lease agreements create high fixed costs and exposure to occupancy fluctuations.
• Continued net losses and negative EPS raise profitability and cash flow concerns.
• Dependence on the WeWork brand under a license agreement; disruptions could impact operations.
• Adverse macroeconomic trends or landlord refusals to renew leases could hurt growth and stability.

9. Peer Comparison

• Awfis Space Solutions is the only listed peer of WeWork India.
• Other recently listed co-working players include Indiqube and Smartworks.

10. Registrar

• MUFG Intime India Pvt. Ltd. is the registrar for the IPO.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.