WeWork India Set to Shine with IPO Approval Amid Workspace Boom

WeWork India, a prominent player in the co-working space sector, has secured regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with an Initial Public Offering (IPO). This strategic move is aimed at leveraging the burgeoning demand for office spaces across India's leading cities.

The Bengaluru-based firm, promoted by real estate giant Embassy Group, filed its Draft Red Herring Prospectus in February and received SEBI's observations on July 8. The IPO is structured as an Offer for Sale (OFS) where Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd will offload shares.

Despite posting a net loss of Rs 135.83 crore in fiscal 2023-24, WeWork India turned a profit in the first half of 2024-25. The company has rapidly expanded its footprint across major cities, offering flexible and high-quality workspaces, and aims to boost liquidity and brand presence through its stock market debut.

(With inputs from agencies.)