WeWork India Gets SEBI Nod for IPO, Set to Raise Funds via Offer for Sale

According to the Securities and Exchange Board of India's (SEBI) most recent processing status statement from July 2025, WeWork India Management Limited (WeWork India), one of the country's top operators of flexible workspaces, has been approved by SEBI for its initial public offering (IPO).

Up to 43,753,952 equity shares will be offered for sale (OFS) as part of the IPO; no new shares will be issued. According to the document, the OFS comprises up to 33,458,659 equity shares offered by the Promoter Selling Shareholder Embassy Buildcon LLP and up to 10,295,293 equity shares offered by the Investor Selling Shareholder 1 Ariel Way Tenant Limited.

The issue's Book Running Lead Managers are a group of top investment banks, including JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited.

WeWork India Leading the Race

For the last three fiscal years, WeWork India has been the biggest operator in India's premium flexible workspace market by total revenue, according to CBRE. The company has built enduring ties with multinational corporations, including Amazon Web Services, JP Morgan, Warner Bros. Discovery, Deutsche Telekom, and Grant Thornton, thanks to its strong brand, top-notch infrastructure, and affiliation with the WeWork worldwide network.

Embassy Group, one of India's leading real estate developers, owns the bulk of WeWork India, which operates under an exclusive licensing deal with the worldwide WeWork brand. In addition to sponsoring Embassy REIT, Asia's largest office REIT by leasable area and India's first, Embassy has delivered more than 85 million square feet of commercial real estate.

WeWork India’s Business Operations

As of June 30, 2024, approximately 93% of the company's portfolio consisted of Grade A assets, where it primarily develops, constructs, and manages workspaces. Tier 1 cities such as Bengaluru, Mumbai, Delhi, Gurgaon, Noida, Pune, Hyderabad, and Chennai are served by WeWork India.

WeWork India's operating portfolio as of September 30, 2024, included 94,440 desks spread over 59 centres, totalling 6.48 million square feet of leasable space. WeWork Global's vast network of about 600 locations in 35 countries is another advantage for the business.

IPO Getting More Popular Among Startup Sector

Due to a robust IPO market and a resurgence of investor interest in tech equities, a number of technology businesses intend to go public in 2025.

Lenskart, an eyeglasses startup, has contacted investment banks to present for the mandate for its possible initial public offering (IPO), which may raise $1 billion. Groww, a stock broker, had selected five investment banks for a $1 billion initial public offering.

In the near future, startups like SoftBank-backed OfBusiness, contract maker Zetwek, and financial unicorn Pine Labs hope to raise $1 billion through initial public offerings (IPOs). Up to 25 firms hope to debut on the public market in 2025.

This comprises companies that aim for $500 million initial public offerings (IPOs), such as edtech company PhysicsWallah, AI unicorn Fractal, construction materials portal Infra.market, and leader in rapid commerce Zepto.