WeWork India Management Ltd Logo

WeWork India Management Ltd IPO

BSELot: 23

LISTEDMAINBOARD
Issue Price648
Listing680.4
Current576
Price Band
615 - ₹648
Lot Size
23
Issue Size
₹3000 Cr
GMP
0
Subscription
0.04x

IPO Schedule

1
Open
3 Oct
2
Close
7 Oct
3
Allotment
8 Oct
4
Listing
10 Oct

About WeWork India Management Ltd

WeWork India Management Ltd operates as a leading provider of flexible workspace solutions in India, offering a range of services including co-working spaces, private offices, and enterprise solutions. They cater to diverse clients, from startups to large corporations, seeking adaptable and collaborative work environments.

Subscription Status

QIB
0.02x
NII
0.02x
Retail
0.15x
CategoryDay 3Day 2Day 1
QIB1.79x0.09x0.02x
NII0.23x0.06x0.02x
Retail0.62x0.38x0.15x
Total1.15x0.14x0.04x

Risk Factors

Intense competition from other co-working space providers and traditional office spaces.
Economic downturns and fluctuations in real estate market conditions can negatively impact occupancy rates and profitability.
Reliance on lease agreements with property owners, exposing the company to lease renewal risks and potential rent increases.

Promoters & Management

The key management team includes Karan Virwani (Managing Director and Chief Executive Officer), Clifford Noel Lobo (Chief Financial Officer), Udayan Shukla (Company Secretary and Compliance Officer), Vinayak Parameswaran (Chief Investment Officer), Hiranmai Rallabandi (General Counsel & Chief Governance Officer), Santosh Martin (Chief Revenue Officer) and Raghuvinder Singh Pathania (Head, Community and Building Operations). The Board has a mix of executive, non-executive and independent directors. Jitendra Mohandas Virwani is the Chairman and Non-executive Director. The Board has established various committees including the Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee, Risk Management Committee, and Corporate Social Responsibility Committee. The management team has industry expertise across real estate, engineering, projects, sales, marketing, finance and human resources. The company has a code of conduct and whistleblower policies.