Description

Details of listing of 13,40,23,259 equity shares of WeWork India Management Limited with lock-in specifications for various categories of shareholders including anchor investors and promoters.

Summary

BSE has listed 13,40,23,259 equity shares of WeWork India Management Limited effective October 8, 2025. The listing includes shares under various lock-in periods for anchor investors, promoters, and other categories. All shares are in dematerialized form. Lock-in details are specified in pages 138-140 of the company’s prospectus.

Key Points

  • Total equity shares listed: 13,40,23,259 shares
  • All shares are in dematerialized (demat) form
  • Multiple lock-in categories with varying durations (30 days, 90 days, 6 months, and 18 months)
  • 2,54,89,748 equity shares are not under lock-in
  • 2,08,06,548 anchor investor shares with 30-day and 90-day lock-in periods
  • Listing effective date: October 8, 2025
  • Company Secretary: Udayan Shukla (Membership No. F11744)
  • Registered office located in Bengaluru, Karnataka

Lock-in Structure

Anchor Investors:

  • 1,04,03,261 shares locked-in until November 6, 2025 (30 days)
  • 1,04,03,287 shares locked-in until January 5, 2026 (90 days)

Other Lock-in Categories:

  • 1,07,73,642 shares locked-in until November 6, 2025
  • 8,50,92,140 shares locked-in until April 10, 2026 (6 months)
  • 2,78,81,479 shares locked-in until April 10, 2027 (18 months)
  • 2,54,89,748 shares not under lock-in (freely tradable)

Compliance Requirements

  • Lock-in restrictions must be observed as per distinctive number ranges specified
  • All shares are required to be held in dematerialized form
  • Lock-in provisions detailed in the prospectus (pages 138-140) must be adhered to
  • Anchor investors must comply with specific 30-day and 90-day lock-in periods

Important Dates

  • Listing Date: October 8, 2025
  • 30-day Lock-in Expiry: November 6, 2025 (for select anchor investor shares)
  • 90-day Lock-in Expiry: January 5, 2026 (for select anchor investor shares)
  • 6-month Lock-in Expiry: April 10, 2026 (for promoter/promoter group shares)
  • 18-month Lock-in Expiry: April 10, 2027 (for certain locked-in shares)

Impact Assessment

Market Impact:

  • Medium impact as 2.55 crore shares (19% of total) are immediately available for trading
  • Phased unlocking of shares will provide gradual liquidity over 18 months
  • Anchor investor lock-in provides short-term price stability for the first 30-90 days

Operational Impact:

  • Standard IPO listing process completed
  • Depository participants and investors must track lock-in expiry dates for trading eligibility
  • Significant portion (approximately 81%) of shares remain locked-in for various periods, limiting immediate supply

Impact Justification

IPO listing announcement with standard lock-in requirements affecting 13.4 crore equity shares across multiple investor categories