WeWork India has taken a major step toward its market debut by raising ₹1,348 crore from anchor investors ahead of its ₹3,000 crore initial public offering (IPO). The strong anchor backing shows growing investor confidence in the coworking leader’s growth potential and signals a promising start to its public listing journey.
WeWork India IPO Opens October 3
The IPO will open on October 3 and close on October 7, with shares priced in the band of ₹615 to ₹648. At the upper end of this range, the company is valued at nearly ₹8,684 crore. Ahead of the opening, WeWork India allotted 2.08 crore equity shares to anchor investors at ₹648 per share, the highest point of the band. Unlike some IPOs that raise fresh funds, this one is an Offer for Sale. This means no new shares are being created; instead, existing shareholders are selling part of their stakes. Promoter Embassy Buildcon LLP will offload 3.54 crore shares, while 1 Ariel Way Tenant Limited will sell 1.08 crore shares.
Domestic and Global Anchors Join IPO
The anchor investment saw participation from some of the most respected names in finance. On the domestic front, thirteen mutual fund houses across thirty-two schemes subscribed to nearly half of the shares allotted. These include ICICI Prudential, HDFC, Axis, and Motilal Oswal. Insurance companies such as SBI General Insurance, Kotak Mahindra Life, and Bajaj Allianz Life also came on board. International institutions added further weight, with Goldman Sachs, Allianz Global Investors, and Societe Generale among the global anchors. This mix of local and foreign players signals broad confidence in WeWork India’s growth story.
Revenue Up, Losses Down
Over the past year, WeWork India has worked on strengthening its financial position. In the first quarter of FY26, the company reduced its net loss by more than half to ₹14.1 crore, compared to the same period last year. At the same time, revenue rose nearly 20 percent, reaching ₹535.3 crore. This improvement highlights the growing demand for flexible workspace solutions in India and points toward a gradual path to profitability. Investors will be keeping a close eye on whether this trend continues in the coming quarters as the company navigates the challenges of scaling while maintaining efficiency.
IPO Boosts Coworking Sector
WeWork India’s IPO is significant not just for the company but also for the coworking industry in India. If successful, it will become the fifth coworking firm to list on Indian stock exchanges, following Awfis, Smartworks, IndiQube, and DevX. With hybrid work models becoming more common and businesses increasingly turning to flexible office solutions, the sector is seeing steady growth. A strong listing would strengthen investor confidence in the industry as a whole, while also providing WeWork India with the visibility and credibility that come with being a listed company.
With anchor investors already putting their trust in the brand and the company showing signs of financial improvement, expectations are high. The coming days will reveal whether public investors share the same optimism and whether WeWork India can turn its promising momentum into a successful market debut.