WeWork India Makes Weak Stock Market Debut, Shares Fall 5.5% After Flat Listing

Last Updated:October 10, 2025, 12:34 IST

The stock lists almost flat at Rs 650 per share on the NSE against its issue price of Rs 648 after its Rs 3,000-crore initial public offering (IPO).

WeWork India IPO Listing: WeWork India Management Services made a subdued debut on the stock market on Friday, listing almost flat at Rs 650 per share on the NSE against its issue price of Rs 648 after its Rs 3,000-crore initial public offering (IPO). Soon after listing, the stock slipped around 5.5%.

The performance was largely in line with grey market expectations, where the shares were trading at around Rs 648 apiece ahead of the debut, nearly matching the IPO price, according to market trackers.

The Rs 3,000-crore IPO was entirely an offer for sale (OFS) of 46.3 million equity shares. The issue, which was open from October 3 to October 7, was priced in the range of Rs 615–648 per share with a lot size of 23 shares.

Should You Buy, Sell Or Hold?

Simranjeet Singh Bhatia, senior equity research analyst at Almondz Global, said, “We Work India posted flat listing. Though the company’s financials have improved, there are corporate governance concerns that investors need to keep an eye on. Accordingly, we recommend avoiding the stock on the current corporate governance issue.”

He added that WeWork India Management Ltd (WIML) was launched in 2017, and as per the CBRE Report. It is a leading premium flexible workspace operator in India, and has posted the highest revenue in the sector it operates in the last three years. In FY25, tbe company’s financials have improved. Revenue up by 17% on YoY to Rs 1,939 crore. Its EBITDA margin stands at 65% in FY25. It has achieved a remarkable turnaround, posting a net profit of Rs 128.19 crore in FY25 compared to a loss of Rs 135.77 crore in FY24.

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