Upcoming IPO: Bengaluru-based workspace operator WeWork India has filed its draft pink herring prospectus (DRHP) with the markets regulator, the Securities and Change Board of India (SEBI), because it goals to lift funds from the Indian inventory market.
WeWork India is a versatile workspace operator in India that gives workspaces to our prospects, together with corporations of all sizes and startups. The corporate primarily offers Grade A workplace areas on lease throughout Tier 1 cities.
WeWork India IPO Particulars
WeWork India is providing a book-built public subject of a whole offer-for-sale (OFS) part of as much as 4,37,53,952 or almost 4.37 crore fairness shares with a face worth of ₹10 per share, in keeping with the DRHP information.
The whole worth of the general public subject is just not disclosed within the DRHP paperwork.
There is no such thing as a recent subject portion on this preliminary public providing, and therefore, all of the proceeds raised from the general public subject will go in direction of the promoters promoting stakeholding within the agency, and the corporate won’t obtain any share of the cash raised.
Embassy Buildcon LLP and 1 Ariel Means Tenant Ltd are the promoter promoting stakeholder and the investor promoting stakeholding, respectively. Embassy Buildcon LLP is promoting as much as 3.34 crore fairness shares, and 1 Ariel Means Tenant Ltd is promoting as much as 1.02 crore fairness shares by way of the IPO.
JM Monetary Ltd, ICICI Securities Ltd, Jefferies India Pvt. Ltd, Kotak Mahindra Capital Co. Ltd, 360 ONE WAM Ltd are the book-running lead managers for the general public subject, whereas MUFG Intime India Pvt Ltd (Previously Hyperlink Intime India Pvt Ltd) is the registrar to the supply.
WeWork India Financials
WeWork India’s internet revenue for the September quarter of the monetary yr 2024-25 was ₹174.13 crore. The corporate made a internet lack of ₹135.83 crore as of the monetary yr ended 2023-24, in comparison with a internet lack of ₹145.86 crore within the monetary yr 2022-23. The corporate’s loss for the fiscal yr ended 2021-12 was at ₹642.99 crore, in keeping with the draft papers.
The whole revenue for the corporate was ₹960.76 crore as of the second quarter of the 2024-25 fiscal. WeWork India’s internet price was ₹(259.88) throughout the identical interval.
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