WeWork India IPO: How to check allotment status, GMP and listing outlook – News Air Insight

WeWork India Management, the country’s largest flexible workspace provider, has closed its Rs 3,000 crore IPO and is expected to finalise allotments on October 8. The issue, entirely an offer for sale by the Embassy Group-backed promoters, was subscribed 1.15 times overall, led primarily by institutional investors.

The company’s shares will list on the BSE and NSE on October 10, 2025. The grey market premium (GMP) is currently at 0%, suggesting a flat or subdued debut despite steady financial performance.

Here’s how to check allotment status online

On the registrar’s website (MUFG Intime India):

Visit the registrar’s IPO allotment page (https://mufgintime.com/ipo)

Select WeWork India Management IPO from the dropdown.Enter your PAN, application number, or DP/Client ID.Click Submit to view the status.

On the BSE website: (https://www.bseindia.com/investors/appli_check.aspx)

Select Equity and choose WeWork India Management from the dropdown.

Enter your application number and PAN.

Click Search to check allotment.

Company Overview

WeWork India, incorporated in 2016, operates 68 centres with over 1.14 lakh desks across eight major cities such as Bengaluru, Mumbai, and Delhi. It offers flexible workspace solutions for enterprises, startups, and professionals through coworking, private offices, and managed spaces.

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The company holds an exclusive license for the WeWork brand in India and functions independently from WeWork Global. Its major clients include Amazon Web Services, JP Morgan, Deutsche Telekom, Discovery Communications, and Grant Thornton.

Backed by Embassy Group, one of India’s leading real estate developers, the company has positioned itself as a premium player in the fast-growing flexible workspace segment.

Financials

Financially, WeWork India turned profitable in FY25 after years of losses. Revenue rose 17% to Rs 2,024 crore, while profit after tax surged to Rs 128 crore from a loss of Rs 136 crore a year earlier. EBITDA increased to Rs 1,236 crore.

Subscription details

The IPO received a modest response, with total subscription at 1.15 times. Qualified institutional buyers (QIBs) subscribed 1.79 times, while the retail portion managed 0.62 times and non-institutional investors 0.23 times.

At the upper price band of Rs 648 per share, WeWork India is valued at around 68 times its FY25 earnings. Analysts see the valuation as aggressive given the competitive landscape, but note that its brand strength, profitability turnaround, and asset-light model offer long-term appeal.

Listing Outlook

With no visible grey market activity and only moderate subscription, the stock is expected to list around its issue price. While the near-term sentiment looks muted, investors with a long-term view may watch for stability in margins and occupancy growth before considering entry post listing.

There are also concerns as InGovern flagged the company’s weak financials, lack of transparency in disclosures, and high costs.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)