WeWork India shares listed today on the Indian market with minor fluctuations. The shares opened at ₹632 on BSE and ₹650 on NSE against an IPO price of ₹648, but fell to ₹641.55 on BSE due to profit-booking. The IPO received a mixed response, even as the company's financial position remains b.
WeWork India IPO Listing: Shares of flexible workspace operator WeWork India listed today on the domestic market. Against an IPO price of ₹648, the shares opened at ₹632 on BSE and ₹650 on NSE, but soon dropped to ₹641.55 on BSE due to profit-booking. No new shares were issued under this IPO; instead, 4.63 crore shares were sold through an Offer For Sale. The IPO received a mixed response, with a total subscription of 1.15 times. WeWork India boasts a b financial position, having recorded a net profit of ₹128.19 crore in FY2025, with its debt reduced to ₹310.22 crore.
Initial Performance on Listing
IPO investors did not receive significant listing gains initially. A short while into the day's trading, the share price fell to ₹641.55 on BSE. This implies that IPO investors are now at an approximate 1% loss. In contrast, company employees received these shares at a discount of ₹60 per share, which benefited them more.
IPO Response
WeWork India's ₹3,000 crore IPO was open for subscription from October 3 to 7. Overall, it was subscribed 1.15 times. Within this, the Qualified Institutional Buyers (QIB) portion was subscribed 1.79 times, the Non-Institutional Investors (NII) portion 0.23 times, the retail investors' portion 0.62 times, and the employees' portion 1.87 times.
No new shares were issued in this IPO; instead, a total of 4,62,96,296 shares were sold through an Offer For Sale (OFS). The proceeds from the OFS went to the selling shareholders, meaning the company did not directly receive any capital from the IPO.
WeWork India's Business
WeWork India Management was established in 2016. The company provides buildings, floors, offices, enterprise office suites, and co-working spaces as required. Its clients include small and large companies, startups, and professionals.
As of June 2025, WeWork India has 69 operational centers across eight cities in the country, with a desk capacity of 1,14,077. The company generates the most revenue from Bengaluru and Mumbai. Key clients include Amazon Web Services India, JP Morgan Services India, and Grant Thornton India.
Financial Position
The company's financial health has consistently strengthened. In FY2023, the company reported a net loss of ₹146.81 crore. This loss reduced to ₹135.77 crore in 2024 and turned into a net profit of ₹128.19 crore in 2025.
During this period, the company's total income grew at a CAGR of 19% annually, reaching ₹2,024 crore. The company's debt has also decreased; it stood at ₹485.61 crore at the end of FY2023, then ₹625.83 crore in 2024, and fell to ₹310.22 crore in 2025.
At the end of FY2025, reserves and surplus stood at ₹65.68 crore. This indicates that the company is robustly managing its operations and financial structure.
Mixed Response to WeWork India's IPO
WeWork India's IPO was not a means for the company to raise capital but rather an opportunity for existing shareholders. However, the mixed response from investors to the IPO and the slight dip on initial listing indicated caution in the market.
Experts suggest that the company's b financial position and the rapidly growing flexible workspace market could attract investors in the future. While IPO investors did not reap significant immediate benefits, it proved advantageous for employees and the selling shareholders.
WeWork India's Future in the Market
WeWork India's proactive approach and expansion plans are positive indicators for its future. Its b presence in major Indian cities and increasing desk capacity position it as a key player in the flexible workspace sector.
Overall, the WeWork India IPO listing presented a minor challenge to investors, but the company's b financial position and growing operational centers make it a stable and attractive option in the long term.
