WeWork India’s initial public offering (IPO) closed with a modest 1.15 times subscription on its final day, signalling moderate investor interest in the coworking space giant’s public debut.
The company, which operates flexible office spaces across major Indian cities, launched its IPO earlier this week to raise around ₹1,200 crore. The proceeds will be used for business expansion, debt repayment, and strengthening its balance sheet.
According to stock exchange data, the issue received bids for 4.6 crore shares against the 4 crore shares on offer. The retail investor portion was subscribed to 1.3 times, while the institutional investor segment saw a lower response at 0.9 times. The non-institutional (HNI) category was subscribed to 1.1 times.
WeWork India, a joint venture between Embassy Group and the global WeWork brand, has been one of the leading players in India’s flexible workspace market. Despite global challenges faced by its parent company, the India unit has reported steady profitability and revenue growth in recent years.
The company’s strong brand recognition, expanding client base, and focus on hybrid workspace models have contributed to investor confidence, though market experts describe the overall response as “cautiously optimistic.”
The basis of allotment for the IPO is expected to be finalised in the coming days, with listing likely to take place next week on the NSE and BSE.
Summary Table
| Particulars | Details |
|---|---|
| Company | WeWork India |
| IPO Size | ₹1,200 crore |
| Subscription Status | 1.15x overall |
| Retail Portion | 1.3x subscribed |
| Institutional Portion | 0.9x subscribed |
| HNI Portion | 1.1x subscribed |
| Objective | Debt repayment, business expansion |
| Expected Listing | Next week |
| Exchanges | NSE, BSE |
| Parent Group | Embassy Group (JV with WeWork Global) |
