WeWork India has received SEBI approval for an IPO via Offer-for-Sale (OFS) by existing shareholders.
The IPO will see Embassy Buildcon LLP offloading a part of its stake in the company.
WeWork India reported ₹1,300 crore revenue in FY24, a 20% YoY growth.
Its EBITDA stood at ₹500 crore in FY24, with profit turning positive f
or the first time.
The firm operates over 6.5 million sq. ft. of co-working space across 6 major cities in
India.
The IPO proceeds will go towards expansion, debt reduction, and unlocking value for promoters.
Net debt of the company is around ₹800 crore, which they aim to lower post-IPO.
The IPO launch date is expected by mid to late August 2025, as per industry sources.
Keep an eye out for the price band and official filing, expected to hit markets any
day now!