WeWork India IPO Key Details
WeWork India, one of the country’s leading premium flexible workspace providers, has received SEBI’s go-ahead for its IPO, which comprises an Offer for Sale (OFS) of up to 4,37,53,952 equity shares, according to the Draft Red Herring Prospectus (DRHP). The observation letter was issued on July 8, 2025.
The OFS includes up to 33,458,659 shares by Embassy Buildcon LLP (the Promoter Selling Shareholder) and up to 10,295,293 shares by 1 Ariel Way Tenant Limited (the Investor Selling Shareholder).
JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM are the book-running lead managers for the issue.
About WeWork India
WeWork India is the exclusive licensee of the global WeWork brand in India and is majority-owned by Embassy Group, a leading real estate developer. Embassy Group has developed over 85 million sq ft of commercial real estate and sponsors Embassy REIT, India’s first and Asia’s largest office REIT by leasable area, as per CBRE.With clients such as Amazon Web Services, JP Morgan, Warner Bros. Discovery, and Grant Thornton, WeWork India has established a strong presence across Tier 1 cities, including Bengaluru, Mumbai, Pune, Hyderabad, Gurgaon, Noida, Delhi, and Chennai.As of September 30, 2024, the company operated 59 centres with 94,440 desks and a leasable area of 6.48 million sq ft, with 93% of its portfolio comprising Grade A properties, as per CBRE.
WeWork India also benefits from the global reach of the WeWork network, which operates approximately 600 locations across 35 countries.
Studds Accessories IPO
Studds Accessories, the country’s largest two-wheeler helmet manufacturer, also received SEBI’s approval to proceed with its IPO.
The offering is entirely an offer for sale (OFS) of 77.9 lakh equity shares by the promoter group and other shareholders, as per the DRHP filed in March. Since the IPO is an OFS, the company will not raise any fresh capital, and all proceeds will go to the selling shareholders.
Studds designs, manufactures, and markets helmets under the ‘Studds’ and ‘SMK’ brands. It also produces a range of motorcycle accessories, including luggage solutions, gloves, rainwear, locking devices, and riding gear.
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