
WeWork India Management Ltd IPO
BSELot: 23Miscellaneous
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
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 1.79x | 0.09x | 0.02x |
| NII | 0.23x | 0.06x | 0.02x |
| Retail | 0.62x | 0.38x | 0.15x |
| Total | 1.15x | 0.14x | 0.04x |
Risk Factors
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.