Share Market News / Earning opportunity! You can bid on this IPO starting October 3rd. Find out the GMP and listing date

Share Market News: WeWork India Management, a leading company in India's flexible workspace sector, is set to enter the stock market with its initial public offering (IPO). The IPO will open for subscription on October 3, 2025, and close on October 7, 2025. This ₹3,000 crore IPO is entirely an offer for sale (OFS), meaning the company will not raise any new capital through this issue. Instead, existing shareholders will have the opportunity to sell a portion of their stake.

IPO Structure and Major Shareholders

According to a Livemint report, this IPO is entirely an offer for sale. This means WeWork India will not raise any fresh capital through this issue. Instead, the issue provides the company's existing shareholders with the opportunity to sell their stake. Key shareholders include:

Promoter: Embassy Buildcon LLP

This promoter, which holds a 73.56% stake in the company, will sell 35.4 million shares.

Investor: Aerial Way Tenants Limited

This investor currently holds a 22.64% stake and will sell 10.89 million shares.

In total, 46.3 million equity shares will be sold under this offer for sale.

Key Details of the IPO

This WeWork India IPO comes with several important features for investors. Its key details are as follows:

Share price band: ₹615 to ₹648 per share

Minimum lot size: 23 shares

Total shares: 4.63 crore equity shares (entirely OFS)

Lead Managers: JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 One Wam

Registrar: MUFG Intime India

Share allotment date: October 8, 2025 (expected)

Listing date: October 10, 2025 (BSE and NSE)

Company's business and market position

WeWork India operates 68 flexible workspace centers across eight major cities in India, totaling 7.35 million square feet. All these locations are operated under long-term fixed-cost lease agreements. According to a recent CBRE report, approximately 500 operators are active in India's flexible workspace sector. WeWork India's only listed competitor in this sector is Office Space Solutions.

While this IPO is not a means of raising fresh capital for the company, it provides an opportunity for existing shareholders to sell their stake. Additionally, it allows the company to establish its presence in the stock market.

Grey Market Premium (GMP)

According to ipowatch, the Grey Market Premium (GMP) for WeWork India's IPO on October 1, 2025, was ₹15, which is 2.32% higher than its highest price band (₹648). This GMP reflects a positive sentiment among investors towards the IPO.