Wework India Management IPO GMP, Review, Price, Date & IPO Details

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OUR BUSINESS

Our company incorporated December 13 May 2016 we are a leading premium flexible workspace operator in India and have been the largest operator
by total revenue in the past three Fiscals.

We are a category-defining, aspirational brand in India, with a loyal customer base, according to AGR, and have played a significant role in the growth of the
flexible workspace sector in India and been a key contributor for the evolution of flexible workspace products and services.

We are the exclusive licensee of the WeWork Brand in India.

We provide flexible, high-quality workspaces to our customers (who we refer to as members) which include companies of all sizes: large enterprises, small and mid-size businesses, startups, as well as individuals.

We have established multi-asset relationships with various prominent developers across major Tier 1 cities.

We lease primarily Grade A office space from such developers and design, build, and operate them as flexible workspaces as per global standards. As at June 30, 2024, approximately 93%, or 5.87 million square feet, of our portfolio was in Grade A developments.

we offer flexibility to members by providing adaptable terms that allow companies to scale their workspace as their needs evolve.

The strength of our brand and offerings along with the global network that we are a part of as the exclusive licensee of the WeWork Brand in India.

has helped us attract and develop long-term relationships with global marquee brands, including Amazon Web Services India Private 227 Limited, JP Morgan Services India Private Limited, Discovery Communications India, Deutsche Telekom Digital Labs Private Limited, CBA Services Private Limited and Grant Thornton Bharat LLP.

Our portfolio comprised 94,440 desks across 59 Operational Centres with an aggregate Leasable Area for Operational Centres of 6.48 million square feet.

We operate in India’s key office markets – Bengaluru, Mumbai, Pune, Hyderabad, Gurgaon, Noida, Delhi, and Chennai. Tier 1 cities have witnessed healthy demand for office space due to their talent pools, infrastructure, job 228 opportunities and relative business growth potential.

Our Centres are located in Grade A technology parks, business hubs, and premium CBD buildings and, according to the CBRE Report, more than 85% of our portfolio was located in key clusters for flexible workspaces in India as at June 30, 2024.

Qualitative Factors

  • Category-defining, aspirational brand, with strong international branding.
  • Leadership in a rapidly growing market.
  • Backed by the Embassy Group, one of India’s top developers, and relationship with WeWork Global.
  • global flexible workspaces operator.
  • Presence in Grade A properties in top-tier micro markets and strong relationships with top developers
  • One of the most extensive range of products and services in the industry.
  • Consistently growing high-quality, diverse and “sticky” member base .
  • Superior financial performance driven by focus on premium pricing, capital efficiency, self-sufficient growth and robust balance sheet management .

Comparison of accounting ratios with Listed Industry Peers

  • Awfis Space Solutions Limited

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