Realty firm WeWork India on Tuesday reported a consolidated net profit of Rs 16.78 crore in the third quarter of this fiscal year on higher revenue. The company had posted a net loss of Rs 83.11 crore in the year-ago period. Total income rose to Rs 643.81 crore in the October-December period of this fiscal from Rs 508.37 crore in the corresponding period of the preceding year, according to a regulatory filing. During the first nine months of this fiscal, the company's net profit fell to Rs 9.04 crore from Rs 91.45 crore in the year-ago period. Total income rose to Rs 1,775.07 crore during April-December period of this fiscal from Rs 1,469.13 crore in the corresponding period of the preceding year. Established in 2017, WeWork India has presence across 8 cities -- Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad. The company has 73 operational centres, covering 8.2 million square feet area. Karan Virwani, Managing Director & CEO of WeWork India, said the
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The petition alleged that WeWork India reported heavy losses and a negative net worth while presenting an overly optimistic growth outlook without adequately disclosing associated risks
ICICI Securities assigned a target price of ₹914 per share for WeWork India shares, a potential upside of 47 per cent from Thursday's close
Jefferies gave a 'Buy' rating for WeWork with a target of ₹790 per share, an upside potential of 28 per cent from Monday's close
Realty firm WeWork India Management Ltd on Monday reported a sharp plunge in consolidated net profit to Rs 6.4 crore in the latest quarter ended September, on a higher base effect. Its net profit stood at Rs 203.74 crore in the year-ago period, driven by a deferred tax credit. Total income, however, rose to Rs 585.54 crore during the July-September period of this fiscal, from Rs 499.47 crore in the corresponding period of the preceding year, according to a regulatory filing. Launched in 2017, WeWork India, which provides flexible workspaces to corporates, has presence in eight major cities with 70 operational centres spanning 7.8 million square feet. WeWork India said its portfolio would expand in the second half of this fiscal with about 11,000 desks under fitout, a further 3,000 desks awaiting landlord handover, and 15,000 desks under LOI. This will help in increasing the portfolio to 10 million sq ft. "Our Q2 results signify a defining moment in WeWork India's journey. With rec
Q2FY26 company results: Firms including Bajaj Finance, Ather Energy, WeWork India, Jindal Stainless, and DOMS Industries are also to release their July-September earnings reports today
The governance advisory firm says WeWork India's ₹3,000-crore IPO marks a key milestone, strengthening transparency and investor confidence
The shares opened barely above the IPO offer price of 648 rupees and fell as much as 5.2% to 614.25 rupees
WeWork India IPO listing: Shares of WeWork India listed at ₹650 on the NSE and ₹646.50 on the BSE, almost flat against the issue price of ₹648 per share
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The initial public offer of co-working space operator WeWork India Management Ltd sailed through on the last day of the share sale on Tuesday, getting 1.15 times subscription, led by institutional buyers. The Rs 3,000-crore IPO received bids for 2,92,68,328 shares against 2,54,89,748 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) category fetched 1.79 times subscription, while the quota for Retail Individual Investors (RIIs) received 61 per cent subscription. The portion for non-institutional investors got 23 per cent subscription. WeWork India has collected a little over Rs 1,348 crore from anchor investors. The company's issue has a price band of Rs 615-648 per share, valuing the company at around Rs 8,685 crore at the upper end. The initial public offer (IPO), entirely an offer for sale of up to 4.63 crore equity shares, saw promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their ...
WeWork India's IPO is seen as a test of investor appetite in the domestic co-working space, which has seen a spate of listings amid growing demand for flexible office space
Bombay HC has sought Sebi's response on a plea challenging WeWork India's IPO, alleging irregularities in DRHP, undisclosed complaints, and misrepresentation of ties with the global WeWork brand
WeWork India, Tata Capital, and LG Electronics India are aiming to collectively raise over ₹30,000 crore through the primary markets, marking one of the busiest weeks for primary issuances this year
The initial public offering (IPO) of co-working space operator WeWork India Management Ltd received 4 per cent subscription on the first day of share sale on Friday. The IPO received bids for 11,10,440 shares against 2,54,89,748 shares on offer, as per NSE data. The quota for retail individual investors (RIIs) got subscribed 14 per cent, while the categories for qualified institutional buyers and non-institutional investors received 2 per cent subscription each. WeWork India has collected a little over Rs 1,348 crore from anchor investors. The company's Rs 3,000-crore issue will conclude on October 7. The price band has been fixed at Rs 615-648 per share, valuing the company around Rs 8,685 crore at the upper end. The IPO, entirely an offer for sale of up to 4.63 crore equity shares, will see promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their stakes. Currently, Embassy Group holds about 76.21 per cent in WeWork Indi
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WeWork India IPO: The company raised ₹1,348 crore from 67 global and domestic institutional investors through the anchor book
WeWork India IPO is available at a price band of ₹615 to ₹648 per share, with a lot size of 23 shares
WeWork India plans 20% revenue growth, capacity expansion and debt reduction as it launches a Rs 3,000 crore IPO, valued at Rs 9,000 crore at the top of the price band