New Delhi, Feb. 5 -- Bengaluru-based WeWork India has officially set the stage for its public market debut, filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). The move signals a significant milestone for one of the country's leading flexible workspace providers as it prepares to test investor sentiment in a rapidly evolving commercial real estate sector.

for-sale route

Unlike many IPOs that inject fresh capital into a business, WeWork India's offering will be a pure offer-for-sale (OFS) of 43.75 million shares. This means that existing shareholders, including promoters Embassy Buildcon LLP and 1 Ariel Way Tenant Ltd, will be offloading their stakes without any new capital flowing into ...