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15 Days Price Change

Wework India Managem IPO

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WEBSITE Inc. Year: 2016 Industry: Miscellaneous Listed Page

Profile
Issue Size 1651.73 Cr
Profile
Price Range 615  to  648 per share
Profile
Min Investment ₹648
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Launched in 2017, we are a leading premium flexible workspace operator in India and have been the largest operatorby total revenue in the past three Fiscals, according to the CBRE Report. We are a category-defining, aspirationalbrand in India, with a loyal customer base, according to AGR, and have played a significant role in the growth of theflexible workspace sector in India and been a key contributor for the evolution of flexible workspace products andservices, according to the CBRE Report. We are the exclusive licensee of the WeWork Brand in India.We provide flexible, high-quality workspaces to our customers (who we refer to as members) which includecompanies of all sizes: large enterprises, small and mid-size businesses, startups, as well as individuals. We haveestablished multi-asset relationships with various prominent developers across major Tier 1 cities, according to theCBRE Report. We lease primarily Grade A office space from such developers and design, build, and operate them asflexible workspaces as per global standards. As at June 30, 2024, approximately 93%, or 5.87 million square feet, ofour portfolio was in Grade A developments, according to the CBRE Report. With one of the most extensive range ofproduct and services, according to the CBRE Report, we offer flexibility to members by providing adaptable termsthat allow companies to scale their workspace as their needs evolve. The strength of our brand and offerings alongwith the global network that we are a part of as the exclusive licensee of the WeWork Brand in India, has helped usattract and develop long-term relationships with global marquee brands, including Amazon Web Services India PrivateLimited, JP Morgan Services India Private Limited, Discovery Communications India, Deutsche Telekom DigitalLabs Private Limited, CBA Services Private Limited and Grant Thornton Bharat LLP. Read More

Basic Info

Face Value 10 per share

Price 615  to  648 per share

P/E (x) 65.5

Sales( Cr.) 1949

PAT( Cr.) 128

EPS 9.9

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Jitendra Mohandas Virwani Karan Virwani Embassy Buildcon LLP

Pre Issue Share Holding 76.21%

Post Issue Share Holding 49.8%

Listing Details:

Listing Price: 646.5

Listing Gain: -0.23%

Current Price: 600.8

Gain On Issue: 600.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Oct 03, 2025
Closing Date Oct 07, 2025
Allotment Oct 08, 2025
Refund Oct 09, 2025
Delivery of Shares Oct 09, 2025
Listing Date Oct 10, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 23 14,904
Retail (Max) 13 299 193,752
S-HNI (Min) 14 322 208,656
S-HNI (Max) 67 1541 998,568
B-HNI (Min) 68 1564 1,013,472

Objective of the Issue

1.carry out the Offer for Sale of 46,296,296* Equity Shares of face value of ? 10 each aggregating to ? 29,996.43 million by the Selling Shareholders which constituted 34.54% of the pre-Offer Equity Share capital of the Company

Issue

Category Nos Bid Bid (x)
QIB 13871033 24766584 1.8x
NII 6935515 1568117 0.2x
Retail 4623677 2822192 0.6x
EMP 59523 111481 1.9x
Total 25489748 29268374 1.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Wework India Managem Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 784 1315 1665 1949
Other Income 54 108 72 76
Total Income 838 1423 1737 2026
Total Expenditure 379 519 618 713
Operating Profit 459 904 1119 1313
Interest 390 414 508 598
Depreciation 712 637 744 824
Exceptional Income / Expenses 0 0 0 -46
Profit Before Tax -643 -147 -136 -157
Provision for Tax 0 -0 -0 -285
Profit After Tax -643 -147 -136 128
Adjustments 0 1 -0 -1
Profit After Adjustments -643 -146 -136 127
Adjusted Earnings Per Share -83.8 -19 -17.7 9.5

Wework India Managem Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -155 -292 -437 200
Minority's Interest 0 -0 -0 1
Borrowings 197 389 496 209
Other Non-Current Liabilities 3114 3212 3137 3304
Total Current Liabilities 816 1105 1287 1393
Total Liabilities 3972 4414 4483 5107
Fixed Assets 3314 3576 3600 4313
Other Non-Current Assets 300 401 351 333
Total Current Assets 358 437 532 461
Total Assets 3972 4414 4483 5107

Wework India Managem Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 221 28 50 21
Cash Flow from Operating Activities 416 942 1162 1290
Cash Flow from Investing Activities -6 -386 -393 -304
Cash Flow from Financing Activities -602 -534 -797 -984
Net Cash Inflow / Outflow -192 22 -29 2
Closing Cash & Cash Equivalent 28 50 21 24

Wework India Managem Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -83.8 -19.01 -17.7 9.51
CEPS(Rs) 8.95 63.85 79.29 71.03
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) -20.17 -44.18 -82.38 10.44
Core EBITDA Margin(%) 51.64 60.52 62.88 63.43
EBIT Margin(%) -32.25 20.32 22.32 22.63
Pre Tax Margin(%) -81.97 -11.17 -8.17 -8.04
PAT Margin (%) -81.97 -11.17 -8.15 6.58
Cash Profit Margin (%) 8.75 37.27 36.54 48.84
ROA(%) -16.19 -3.5 -3.05 2.67
ROE(%) 0 0 0 0
ROCE(%) -184.36 161.56 194.64 126.34
Receivable days 29.98 18.63 16.43 15.29
Inventory Days 0 0.06 0.04 0.07
Payable days 0 0 0 8300.62
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.41 0.37 0.48 0.21
EV/Core EBITDA(x) 0.69 0.54 0.71 0.32
Net Sales Growth(%) 0 67.58 26.67 17.06
EBIT Growth(%) 0 205.59 39.1 18.69
PAT Growth(%) 0 77.17 7.52 194.41
EPS Growth(%) 0 77.32 6.87 153.69
Debt/Equity(x) -1.89 -1.43 -1.28 2.22
Current Ratio(x) 0.44 0.4 0.41 0.33
Quick Ratio(x) 0.44 0.4 0.41 0.33
Interest Cover(x) -0.65 0.65 0.73 0.74
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 35% 0% 0%
Operating Profit CAGR 17% 42% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 0% 0% 0% 0%
ROCE Average 126% 161% 75% 75%

Company Contact Information

Wework India Management Ltd.

Udayan Shukla

91 88 8456 4500

cswwi@wework.co.in

6th Floor, Prestige Central 36, Infantry Road Shivaji Nagar

IPO Lead Manager(s)

Wework India Management Ltd.

JM Financial Ltd.

ICICI Securities Ltd

Jefferies India Pvt Ltd.

Kotak Mahindra Capital Co Ltd

360 ONE WAM Ltd.

Registrar Info

Wework India Management Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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