Wework India Management IPO Date, Review, Price and Key Informations

Wework India Management Limited IPO is fully book build issue and total IPO size is 4.38 crore shares. The entire share offering is an offer for sale of 4,37,53,952 shares.

The dates for the Wework India Management IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Wework India Management IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Wework India Management IPO has not been announced yet.

Registrar for this IPO is MUFG Intime India Private Limited (Formerly Link Intime India Private Limited ) and lead managers for Wework India Management IPO are JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, 360 ONE WAM Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	43,753,952 Shares
Fresh Issue	-
OFS Issue	43,753,952 Shares
Issue Type	Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	75%
Retail	10%
NII/HNI	15%

About Wework India Management Limited Company

WeWork India is a leading premium flexible workspace operator, holding the exclusive license for the WeWork brand in India. They provide adaptable workspaces to a diverse clientele, ranging from large enterprises to startups, within Grade A office spaces leased from prominent developers. As of September 30, 2024, their portfolio encompassed 94,440 desks across 59 operational centers, with a total leasable area of 6.48 million square feet.

WeWork offers flexible terms allowing businesses to scale their workspace as needed. Their workspaces are amenitized and technologically integrated, featuring meeting rooms, event spaces, wellness areas, and high-speed internet. Their services encompass complete facility management, creating a convenient, fully-serviced office environment for members.

The company operates in key office markets like Bengaluru, Mumbai, and Delhi. WeWork emphasizes community building through modern design, collaborative environments, and curated activities. For the six months ended September 30, 2024, WeWork's Net Average Revenue Per Member (ARPM) was ₹19,850, and its Total ARPM (including digital products and value-added services) was ₹22,039.

Wework India Management Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5068.35	4482.76	4414.02	3972.31
Revenue	918.19	1665.14	1314.52	784.44
Profit After Tax	174.57	-135.77	-146.81	-642.99
Net Worth	-259.77	-437.65	-292.37	-154.73
Reserves and Surplus	-457.18	-634.75	-346.92	-209.54
Total Borrowing	797.50	616.91	481.12	291.97

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
(10.73)	NA	(34.55)	NA	NA	NA

Offer Objectives

The Offer comprises an Offer for Sale (OFS) of up to 4.37 crore Equity Shares by the Selling Shareholders. The primary objective is to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The Company will not receive any proceeds from the Offer; all proceeds, net of Offer-related expenses and taxes, will go to the Selling Shareholders.

The estimated total expenses for the Offer are approximately ₹[●] million.

Expense Allocation:

BRLMs' fees and commissions: ₹[●] million
Brokerage, selling commission, and bidding charges: ₹[●] million
Fees payable to the Registrar: ₹[●] million
Other expenses (listing, printing, legal counsel, advertising, audit): ₹[●] million

Selling commissions are payable to SCSBs for Retail and Non-Institutional Investors, ranging from [●]% of the Amount Allotted. Similar commissions apply to Syndicate members and Registered Brokers, with additional uploading charges for certain application types. The Selling Shareholders will proportionally reimburse the Company for Offer-related expenses.

Since this is an Offer for Sale, the Company is not required to appoint a monitoring agency. No Promoters, Directors, or Key Management Personnel will receive any Offer Proceeds, except from their sale of Offered Shares.