WeWork India Share Price: Shares of flexible workspace operator WeWork India Management were listed in the domestic stock market about a month and a half ago and are currently more than 4% down from the IPO price. However, domestic brokerage firm ICICI Securities has initiated coverage with a buy rating and the target price fixed is about 48% upside from the current level. According to the trend of brokerage firm, this decline is creating a buying opportunity. Talking about one trading day earlier on November 21, it had closed at ₹ 618.85 with a decline of 0.55% on BSE. Its shares worth ₹648 were listed in the domestic stock market on October 10.
What is the target price of WeWork India?
Domestic brokerage firm ICICI Securities said Embassy Group (Embassy)-invested WeWork India is a leading premium flexible workplace operator and is the exclusive licensee of the WeWork brand in India. According to data till September 2025, WeWork has 1,14,500 operational desks in India. 94% of its desks are in Grade A properties. The brokerage firm estimates that between financial years 2025-28, WeWork India’s revenue can grow at a rate of 22% on an annual basis and operating profit at a rate of 26%, which will be supported by new seat addition at a rate of 21% and operating leverage. Considering all these things, the brokerage firm has fixed a target price of ₹ 914 with a buy rating on WeWork India Management. Now talking about risks, it may face a setback due to slowdown in demand for office leasing and flexible workspaces.
IPO got mixed response
WeWork India’s ₹3,000.00 crore IPO was open for subscription from October 3-7. It received a mixed response from investors and only the portion reserved for Qualified Institutional Buyers (QIB) was fully filled. Overall, this issue was subscribed 1.15 times. Under this IPO, all the shares were sold under the offer for sale window.
Its shares worth ₹648 had almost flat entry in the domestic market on October 10. A few days after listing, it reached a record price of ₹662.15 on BSE on 3 November 2025. From this record high, it fell by 9.55% in just a few days to a record low of ₹598.90 on 12 November 2025. It has recovered more than 3% from this low level but it is still more than 4% downside from the record high, so IPO investors are in loss of more than 6%.
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