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WeWork India IPO subscribed 13% so far on day 2; check price band and key dates

Kamal Joshi
By Kamal Joshi

3 min read | Updated on October 06, 2025, 15:13 IST

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SUMMARY

WeWork India IPO: The initial share sale, with a price band of ₹615 to ₹648 per share, seeks to raise ₹3,000 crore through an offer for sale of 4.63 crore shares by promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Limited (part of WeWork Global).

Embassy Group owns about 76.21% of WeWork India, while WeWork Global holds 23.45%. | Image: Shutterstock

Embassy Group owns about 76.21% of WeWork India, while WeWork Global holds 23.45%. | Image: Shutterstock

WeWork India IPO: The initial public offering of co-working space operator WeWork India Management Limited has secured 13% subscription so far on the second day of share sale on Monday, October 6.

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The IPO received bids for 32,13,054 shares compared to 2,54,89,748 shares on offer, as per data available on the NSE website until 3:07 pm.

The quota for retail investors got subscribed 34%, while the category for qualified institutional buyers (QIBs) received 9% subscription. The part set aside for non-institutional investors (NIIs) was booked 5%.

The initial share sale, with a price band of ₹615 to ₹648 per share, seeks to raise ₹3,000 crore through an offer for sale of 4.63 crore shares by promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Limited (part of WeWork Global).

The issue will conclude on October 7.

At present, Embassy Group owns about 76.21% of WeWork India, while WeWork Global holds 23.45%.

Since the issue is solely an OFS, WeWork India will not get any proceeds from the issue, and the funds will go entirely to selling shareholders.

In its red herring prospectus, or final IPO papers, WeWork India stated that the objective of the offer is to achieve the benefits of listing its equity shares on the stock exchanges. The company expects the listing to enhance visibility, provide liquidity to existing shareholders, and establish a public market for its stock in India.

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WeWork India IPO: Allotment and listing date

EventDate
Subscription periodOctober 3 to October 7
Basis of allotmentOctober 8
Initiation of RefundsOctober 9
Credit of Shares to DematOctober 9
Listing dateOctober 10
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Founded in 2017, WeWork India operates under an exclusive licence of the WeWork brand in India, promoted by Bengaluru-based real estate developer Embassy Group.

At present, WeWork India operates across Tier-1 cities, including Bengaluru, Mumbai, Pune, Hyderabad, Gurugram, Noida, Delhi, and Chennai, managing 77 lakh sq ft of space, of which 70 lakh sq ft is operational, with a desk capacity of 1.03 lakh. The firm employs over 500 people.

WeWork India IPO GMP

According to investorgain.com and media reports, WeWork India's unlisted shares are trading at par with the upper price band of ₹648.

Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
With PTI inputs
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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