Bengaluru-based flexible workspace operator WeWork India Management Ltd. has successfully raised Rs 1,348.26 crore from anchor investors ahead of its Rs 3,000-crore Initial Public Offering (IPO). The company allotted 2.08 crore shares at Rs 648 per share to 67 institutional investors, reflecting strong market confidence.

The anchor book saw significant participation from domestic mutual funds including ICICI Prudential, HDFC, Motilal Oswal, Aditya Birla, Axis, and Canara Robeco, alongside insurers such as Canara HSBC Life, SBI General, Kotak Mahindra Life, and Bajaj Allianz Life. International investors including Goldman Sachs Fund, Allianz Global Investors, and Al Mehwar Commercial Investments also joined the anchor subscription, highlighting robust global interest.

The IPO, valued at Rs 3,000 crore, is scheduled to open on October 3 and close on October 7, with a price band of Rs 615-648 per share. The proceeds are expected to support WeWork India’s expansion plans and strengthen its balance sheet as the company scales its flexible workspace operations across India.

Strong anchor subscriptions indicate positive investor sentiment and set a solid foundation for the upcoming public offering, marking a key milestone in WeWork India’s growth story.