Bengaluru: October 3, 2025 – WeWork India Management Limited, one of India’s leading premium flexible workspace operators and the largest operator by total revenue, has allotted 2,08,06,548 equity shares to 67 anchor investors, comprising marquee domestic and global anchor and raised ₹1,348.26 crores ahead of the Company’s proposed IPO at the upper end of the price band at ₹648 per equity share with face value of ₹10 per equity share. Out of the total allocation of 2,08,06,548 equity shares to the anchor investors, 96,79,182 equity shares were allocated to 13 domestic mutual funds through a total of 32 schemes.

The anchor book has received widespread participation from domestic institutional investors including leading mutual funds such as ICICI Prudential, HDFC MF, Motilal Oswal MF, Aditya Birla MF, Axis MF, Canara-Robeco MF and insurance companies such as Aditya Birla Sun Life, Canara HSBC Life, SBI General and Kotak Mahindra Life and Bajaj Allianz Life. Global interest was equally notable with very strong demand from sovereign and long-only FIIs such as Edelweiss MF, Goldman Sachs Fund, Whiteoak Capital MF, Al Mehwar Commercial Investments L.L.C – (Wanda) and Allianz Global Investors among others.

The company’s initial public offering comprises an Offer for Sale (“OFS”) of equity shares of up to 46,296,296 equity shares. The offer for sale comprises up to 35,402,790 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”), and up to 10,893,506 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).

JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

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Bengaluru, September 29, 2025: WeWork India Management Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹10 each (“Equity Shares”) on Friday, October 03, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Wednesday, October 01, 2025. The Bid/ Offer Closing Date is Tuesday, October 07, 2025.

The Price Band of the Offer has been fixed from ₹ 615 per Equity Share of face value ₹10 each to ₹ 648 per Equity Share of face value ₹10 each. Bids can be made for a minimum of 23 Equity Shares of face value ₹10 each and multiples of 23 Equity Shares of face value ₹10 each thereafter.

The company’s initial public offering comprises an Offer for Sale (“OFS”) of equity shares of up to 46,296,296 equity shares. The offer for sale comprises up to 35,402,790 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”), and up to 10,893,506 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein at least 75% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares are allocated to Anchor Investors. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIB. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Net Offer shall be available for allocation to non-institutional investors (“Non-Institutional Investors” or “NIIs”) (the “Non-Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹200,000 and up to ₹1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. The allocation to each Non-Institutional Investor shall not be less than the minimum application size, subject to availability of Equity Shares in the Non-Institutional Portion and the remaining available Equity Shares, if any, shall be allocated on a proportionate basis in accordance with the conditions specified in this regard in Schedule XIII of the SEBI ICDR Regulations.

Further, not more than 10% of the Net Offer shall be available for allocation to retail individual investors (“Retail Individual Investors” or “RIIs”) (the “Retail Portion”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids being received from them at or above the Offer Price (net of Employee Discount, if any, as applicable). All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID for UPI Bidders) in which the Bid Amount will be blocked by the SCSBs or the Sponsor Bank(s), as the case may be, to the extent of their respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE“) and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).

JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

All capitalised terms not defined herein would have the same meaning as attributed to them in the RHP.

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The company provides flexible, high-quality workspaces to a diverse range of customers, including large enterprises, small and mid-size businesses, startups, and individuals. Its member base includes a marquee roster of Fortune 500 companies, international and domestic corporations, large enterprises, GCCs, MSMEs, and startups.

The company’s initial public offering comprises an Offer for Sale (OFS) of equity shares of up to 43,753,952 equity shares.

The offer for sale comprises up to 33,458,659 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”), and up to 10,295,293 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).

The company will not receive any proceeds from the offer for sale.

JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited are the Book Running Lead Managers to the issue.

WeWork India’s strength of its brand and offerings, combined with its association with the WeWork global network, has enabled it to attract and foster long-term relationships with marquee global brands, including Amazon Web Services, JP Morgan, Warner Bros. Discovery, Deutsche Telekom, and Grant Thornton. The company is the exclusive licensee of the WeWork Brand in India.

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• WeWork India and Uber for Business are partnering towards a scaled solution to deliver enhanced benefits to 70,000+ members across eight cities & 57 locations
• Partnership will improve workspace accessibility and mobility, facilitating a hassle-free travel experience for all WeWork members

Mumbai, India – 27 August 2024: WeWork India, the leading flexible workspace provider in the country, is partnering with Uber, India’s leading ridesharing app, to offer a seamless commuting solution to their 70,000+ members. This collaboration is set to redefine commuting convenience, providing a range of travel benefits designed to support WeWork India members in their day-to-day operations.

Through this partnership, WeWork India members will gain access to Uber for Business, a B2B2C platform that allows organisations to consumerise Uber’s extensive suite of travel benefits for business riders, ensuring a seamless commuting experience that aligns with their mobility needs. Members will have access to a uniquely built travel benefits program that includes user-friendly payment options, improved reliability and flexible cancellation. They can choose from Uber’s range of premium and economy options, tailored to their comfort and needs, including latest products like Uber Reserve, Uber Rentals, Uber Intercity, Uber Shuttle, amongst others. Members will also get exclusive access to premium ride options such as Business Premier, which curates top-rated drivers for a more comfortable commuting and business ride experience.

“Our collaboration with Uber is a significant step towards enhancing the daily lives of our members by offering them a seamless and convenient commuting experience. By integrating Uber’s mobility solutions with our flexible workspaces, we’re not only simplifying their journey to work but also reinforcing our commitment to creating a holistic and sustainable work environment that meets the evolving needs of modern professionals. Furthermore, Uber’s safety technology and community guidelines will ensure a safe, secure, and positive experience for our members,” said Raghuvinder Singh Pathania, Head of Community & Operations, WeWork India.

As part of this collaboration, all WeWork India members will receive a one-time incentive upon activating their WeWork profile on the Uber App. This partnership will be stitched across all WeWork locations in India and will be supercharged with Uber for Business’ Tech implementation to ensure a seamless launch across the WeWork India community. While WeWork India is focused on its sustainability impact by improving mobility access at its locations, Uber for Business will also fuel the rider experience with their 24×7 premium business support, built to offer an elevated servicing framework.

Commenting on the collaboration, Abhinav Mittoo, Sr. Country GM, Uber for Business,  India & South Asia said, “This collaboration aligns with our commitment to enhance and simplify business mobility for dynamic environments and workplaces. Our customer portfolio is growing as organisations are increasingly focusing on cost, digitization and experience of its employees or community. We are excited to partner with  WeWork India and its members to help them leverage a tech-based mobility solution that not only optimises travel needs to enhance productivity, but also provides a more safer and reliable way to move around. We believe this partnership will be instrumental in creating a more connected and convenient mobility experience for their vibrant community.”

Since its inception in 2017, WeWork India’ has constantly focused on elevating the workplace experience for members. This partnership reflects the brand’s ongoing commitment towards enhancing it further by providing innovative and sustainable solutions. By leveraging Uber’s expertise in mobility, WeWork India aims to offer an unparalleled commuting experience, contributing to productivity and work-life balance of members.

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