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**WeWork India Secures ₹1,348 Crore from Anchor Investors Ahead of IPO**

**Mumbai:** WeWork India has successfully raised ₹1,348 crore from anchor investors ahead of its highly anticipated Initial Public Offering (IPO) slated for 2025. The company allocated 2,08,06,548 shares to 67 investors at ₹648 per share.

The anchor investor round witnessed strong participation from a diverse range of domestic institutional investors, including prominent mutual funds such as ICICI Prudential Mutual Fund, HDFC MF, Motilal Oswal MF, Aditya Birla Sun Life MF, Axis MF, and Canara-Robeco MF. Insurance giants like Canara HSBC Life Insurance, SBI General Insurance, Kotak Mahindra Life Insurance, and Bajaj Allianz Life Insurance also invested heavily.

According to a BSE filing released late Wednesday, the offering also attracted significant global interest, with strong demand from entities like Goldman Sachs Fund, Al Mehwar Commercial Investments LLC (Wanda), and Allianz Global Investors.

WeWork India has set a price band of ₹615 to ₹648 per share for its ₹3,000 crore IPO. The IPO will open for public subscription on October 3rd and close on October 7th.

The IPO is entirely an Offer For Sale (OFS) of 4.63 crore shares, with existing shareholders, including Embassy Buildcon LLP (the promoter group entity) and 1 Ariel Way Tenant Limited (part of WeWork Global), diluting their stake. Currently, Embassy Group holds approximately 76.21% of WeWork India, while WeWork Global holds 23.45%.

WeWork India is expected to list on the stock exchanges on October 10th. The IPO has generated significant interest in the Indian market.

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