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WeWork India Management caters to Corporate Solutions sector; offering flexible high quality workspace products and services. Flexible workspaces are becoming an integral part of the commercial office market, with total flexible workspace stock ranging between 82-86 million sqft by end 2024 forecasted to grow to approximately 140-144 million sqft across Tier 1 cities by end 2027 at a CAGR of approximately 18-20%.
Catering to a diverse member base, including a marquee roster of Fortune 500 companies, international and domestic companies, large enterprises, GCCs, MSMEs, startups, and individuals. Strong brand recognition and retaining the member base.
| Revenue | ₹1,949.21 cr | ₹2.00 cr | |
| PAT | ₹128.19 cr | ₹-56.56 cr (-144.12%) | |
| PAT Margin | 6.58 % | -2.64 % (-140.12%) | |
| EBITDA | ₹1,235.95 cr | ₹-346.16 cr | |
| EBITDA Margin | 63.41 % | -64.67 % (-201.99%) | |
| ROE | 63.95 % | -7.45 % (-111.65%) | |
| ROCE | 37.52 % | 31.99 % (-14.74%) | |
| D/E | 1.55 | 2.13 (+37.42%) |
PE Ratio: 67.75x Average Sector PE Ratio: 20.56x
| QIB Shares Offered: | 34677579 |
| - Anchor Investor Shares Offered: | 20806548 |
| − QIB (Ex. Anchor) Shares Offered : | 13871031 |
| NII (HNI) Shares Offered: | 6935516 |
| - bNII > ₹10L: | 4623677 |
| - sNII < ₹10L: | 2311839 |
| Retail Shares Offered: | 4623677 |
| Total Shares Offered: | 46236772 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14904 |
| Retail (Max) | 23 | 299 | ₹193752 |
| S-HNI (Min) | 14 | 322 | ₹208656 |
| S-HNI (Max) | 67 | 1541 | ₹998568 |
| B-HNI (Min) | 68 | 1564 | ₹1013472 |
Avg IPO Size (Sector Based):
₹ 658.25 cr.
Average Sector PE Ratio:
20.56 X
Listing Price:
₹ [●]
WeWork India Management Limited is a leading premium flexible workspace operator in India and have been the largest operator by total revenue in the past three Fiscals, according to the CBRE Report. They are a category-defining, aspirational brand in India, with a loyal customer base, according to AGR, and have played a significant role in the growth of the flexible workspace sector in India and been a key contributor for the evolution of flexible workspace products and services, according to the CBRE Report. They are the exclusive licensee of the WeWork Brand in India.
They provide flexible, high-quality workspaces to their customers (who they refer to as members) which include companies of all sizes: large enterprises, small and mid-size businesses, startups, as well as individuals. They have established multi-asset relationships with various prominent developers across major Tier 1 cities, according to the CBRE Report. They lease primarily Grade A office space from such developers and design, build, and operate them as flexible workspaces as perglobal standards. As at June 30, 2024, approximately 93%, or 5.87million square feet, of their portfolio was in Grade A developments, according to the CBRE Report. With one of the most extensive range of product and services, according to the CBRE Report, they offer flexibility to members by providing adaptable terms that allow companies to scale their workspace as their needs evolve.
ICICI Securities Limited, based in Mumbai is the Lead Manager (BRLM) of WeWork India IPO. ICICI Securities Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of ICICI Securities Limited .
Jefferies India Private Limited, based in Mumbai is the Lead Manager (BRLM) of WeWork India IPO. Jefferies India Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Jefferies India Private Limited .
Jm Financial Limited, based in Mumbai is the Lead Manager (BRLM) of WeWork India IPO. Jm Financial Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Jm Financial Limited .
Kotak Mahindra Capital Company Limited, based in Mumbai is the Lead Manager (BRLM) of WeWork India IPO. Kotak Mahindra Capital Company Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Kotak Mahindra Capital Company Limited .
360 ONE WAM Limited, based in Mumbai is the Lead Manager (BRLM) of WeWork India IPO. 360 ONE WAM Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of 360 ONE WAM Limited .
WeWork India Management IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on WeWork India Management Financial Review Page
Merchant Banker(s) of WeWork India Management IPO: ICICI Securities Limited , Jefferies India Private Limited , Jm Financial Limited , Kotak Mahindra Capital Company Limited , 360 ONE WAM Limited
WeWork India Management IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
WeWork India Management IPO listed at a listing price of against the offer price of 648.00.
The current market price of WeWork India Management is .
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