WeWork India has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO), comprising a pure Offer for Sale (OFS) of 4.37 crore equity shares. Promoters Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd will offload 3.34 crore and 1.03 crore shares respectively.
As the IPO is entirely an OFS, WeWork India will not receive any proceeds, but the listing is expected to enhance brand visibility, provide liquidity to existing shareholders, and establish a valuation benchmark for the co-working sector.
Founded in 2017, WeWork India operates under an exclusive license from WeWork Global and is majority-owned by Embassy Group (76.21%), with WeWork Global holding 23.45%3. The company manages 7.7 million sq. ft. of flexible workspace across eight major cities, with over 1.03 lakh desks and a team of 500+ employees.
After posting a net loss of Rs135.83 crore in FY24, the company returned to profitability in H1 FY25 with a Rs174.13 crore profit, driven by improved occupancy and enterprise demand.
The IPO comes amid rising interest in India’s flexible workspace market, following successful listings by Smartworks, Awfis, and EFC India Ltd. With strong promoter backing and a pan-India footprint, WeWork India’s public debut is poised to shape investor sentiment and sector benchmarks.
