WeWork India Management IPO
WeWork India Management Limited (WEWORK) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 October 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.0% (likely range -3% to +6%), day's high +4.2%, chance of a gain 33%. Actual: +0.3% at the open, +0.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,38,71,033 | 2,47,66,584 | 1.79x | |
| NII (HNI) total | 69,35,515 | 15,68,117 | 0.23x | |
| Big NII (above ₹10 lakh) | 46,23,677 | 10,76,446 | 0.23x | |
| Small NII (₹2-10 lakh) | 23,11,838 | 4,91,671 | 0.21x | |
| Retail | 46,23,677 | 28,22,192 | 0.61x | |
| Employees | 59,523 | 1,11,481 | 1.87x | |
| Total | 2,54,89,748 | 2,92,68,374 | 1.15x |
Bids on NSE and BSE together, as published by NSE, as of 07 Oct 2025, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to WeWork India Management's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| DelhiveryMay 2022 | 2.66x | 0.30x | 0.57x | 1.63x | ₹5,519 Cr | +1.7% | +16.8% |
| Aavas FinanciersSep 2018 | 2.77x | 0.26x | 0.25x | 0.97x | ₹1,734 Cr | -8.7% | -4.1% |
| Hindustan AeronauticsMar 2018 | 1.73x | 0.03x | 0.39x | 0.99x | ₹7,191 Cr | -5.2% | -2.5% |
| Carraro IndiaDec 2024 | 2.21x | 0.60x | 0.71x | 1.12x | ₹1,317 Cr | -7.5% | -3.1% |
| Entero Healthcare SolutionsFeb 2024 | 2.28x | 0.22x | 1.33x | 1.53x | ₹1,618 Cr | -2.3% | 0.0% |
| FiveStar Business FinanceNov 2022 | 1.77x | 0.61x | 0.11x | 0.70x | ₹2,065 Cr | -1.1% | +14.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| ICICI Securities | 109 | +21.3% | 69% |
| Jefferies India | 26 | +19.5% | 81% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| 360 ONE WAM | 3 | +12.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the WeWork India Management IPO price band and lot size? ₹615–648 per share, with a lot of 23 shares, so the smallest retail bid is ₹14,904.
How many times has it been subscribed? 1.15x overall: QIB 1.79x, NII 0.23x, retail 0.61x, employees 1.87x.
How did it list? It opened at ₹650, +0.3% against the issue price of ₹648, and closed its first day -3.0%.
