WeWork India Share Price: Stock Opens Flat, Falls 1.5% on Debut After Lukewarm Subscription

After a muted response from the market, the WeWork India IPO made a flat debut on the stock market today, October 10th. Despite high anticipation, the stock opened at Rs. 650 per share on the NSE, just slightly above its IPO price of Rs. 648, before slipping over 1.5% post-listing.

WeWork India IPO Listing Performance

On debut, WeWork India Management Limited shares traded nearly flat in pre-open deals and eventually listed with a 4% discount compared to grey market expectations. The company's shares opened at Rs. 650 on NSE and Rs. 649.50 on BSE, compared to the upper price band of Rs. 648 per share.

Shortly after listing, the WeWork India share price fell to around Rs. 640 and is trading at Rs. 631.65 at the time of writing, down a 2.82% decline from the issue price.

WeWork India IPO Details

The WeWork India IPO opened for subscription on October 3rd and closed on October 7th. The company's IPO price band was fixed at Rs. 615 to Rs. 648 per share, with the issue being a book-built offer for sale (OFS) of 4.63 crore shares, aggregating to Rs. 3,000 crore. The IPO allotment was finalised on October 8, and the shares were listed today, October 10, 2025, on both the BSE and NSE.

WeWork India IPO Subscription Status

The IPO received a lukewarm response from investors. Overall, it was subscribed 1.15 times by the close of bidding. The retail investor portion was subscribed 0.62 times, while the Qualified Institutional Buyers category saw better participation at 1.79 times. The Non-Institutional Investor (NII) portion, however, was weak, subscribing only 0.23 times. Despite the modest subscription, the grey market premium (GMP) had suggested a positive listing, with prices hovering around Rs. 648 per share, though the actual listing fell short of expectations.

About WeWork India Management Ltd

WeWork India Management Ltd., the Indian arm of the global coworking major WeWork, operates flexible office spaces across major Indian cities, including Bengaluru, Mumbai, Delhi-NCR, Pune, and Hyderabad. The company has over 6.5 million sq. ft of managed workspace and caters to both startups and large enterprises. The firm is expected to use the IPO proceeds for shareholder exits and strengthening its balance sheet, as the issue was entirely an offer for sale by existing investors.

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