WeWork India gets SEBI approval for IPO

WeWork India has received SEBI’s approval to launch its IPO, consisting of a 100% Offer for Sale (OFS) of up to 4.37 crores equity shares.

The market regulator had temporarily suspended the IPO in March 2025, but it got the green light last week after the suspension was lifted.

US-based shared workspace global brand WeWork’s Indian franchisee operates 59 centres with over 94,000 desks across 6.48 million sq ft. Backed by Embassy Group, a major real estate player, the company counts AWS, JP Morgan, Warner Bros Discovery, Deutsche Telekom and Grant Thornton among its client base.

The Offer for Sale (OFS) will consist of 3.3 crore shares from Embassy Buildcon Pvt Ltd and 1.03 crore shares from Ariel Way Tenant LLP. The company will not be issuing any new shares as part of this offer. The book-running lead managers for the issue are JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital and 360 ONE WAM.

The shares will be listed on both the BSE and NSE.