• WeWork India sets IPO price band at Rs 615-648 per share
• IPO valued at up to Rs 8,685 crore, proceeds to selling shareholders
• Company manages 7 million sq ft space across eight cities

WeWork India has announced a price band of Rs 615 to Rs 648 per share for its Rs 3,000 crore initial public offering (IPO). At the higher end of this range, the IPO values the company at around Rs 8,685 crore. The offer opens on October 3 and closes on October 7, with anchor investors placing bids on October 1.

This IPO is a pure offer-for-sale, with up to 4.63 crore shares being sold by existing shareholders, Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd, a subsidiary of WeWork Global. The company itself will not receive any funds from this sale. Currently, Embassy Group holds approximately 76.21% of WeWork India, while WeWork Global owns about 23.45%.

WeWork Global invested $100 million in the Indian arm in 2021. Earlier this year, WeWork India raised Rs 500 crore through a rights issue aimed at reducing debt and funding expansion plans. The company operates around 7 million square feet of co-working space across eight cities, including Bengaluru, Mumbai, Delhi, and Chennai, with a total desk capacity of 1,03,000.

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WeWork’s IPO joins a growing list of co-working startups going public in India. Recent listings include Awfis Space Solutions, Smartworks Coworking Spaces, and IndiQube Spaces, which have seen mixed market responses but reflect strong sector growth.