Wakefit IPO: (Left to Right) Kriti Goyal, Vice President, Equity Capital Markets, Nomura Financial Advisory and Securities; Shantanu Sinha, Executive Director, Axis Capital Limited; Chaitanya Ramalingegowda, Promoter and Executive Director, Wakefit Innovations Limited; Ankit Garg, Promoter, Chairperson, Chief Executive Officer and Executive Director, Wakefit Innovations Limited; Navesh Gupta, Chief Financial Officer, Wakefit Innovations Limited and Dhruv Bhagwat, Senior Vice President, IIFL Capital Services Limited at a press conference in connection with the company’s forthcoming Initial Public Offering (IPO).
Wakefit IPO: (Left to Right) Chaitanya Ramalingegowda, Promoter and Executive Director, Wakefit Innovations Limited and Ankit Garg, Promoter, Chairperson, Chief Executive Officer and Executive Director, Wakefit Innovations Limited at a press conference in connection with the company’s forthcoming Initial Public Offering (IPO).
Price Band fixed at Rs 185 per equity share of face value Re.1 each to Rs 195 per equity share of the face value of Re.1 each (“Equity Shares”) of Wakefit Innovations Limited (the “Company”)
Anchor Investor Bidding Date – Friday, December 5, 2025
Bid /Offer Opening Date – Monday, December 8, 2025, and Bid/ Offer Closing Date – Wednesday, December 10, 2025
Bids can be made for a minimum of 76 Equity Shares and in multiples of 76 Equity Shares thereafter
Red Herring Prospectus dated November 29, 2025 (“RHP”) link: https://ik.imagekit.io/2xkwa8s1i/strapi/prod/Red_Herring_Prospectus_9b0edb5463.pdf
MUMBAI (RMN.IN) :: Bengaluru-based home and furnishings company Wakefit Innovations Limited IPO will open for public subscription on Monday, December 8, 2025 and close on Wednesday, December 10, 2025. The anchor investor offer period shall be one working day before the bid opening day, Friday, December 5, 2025.
Wakefit Innovations has announced the price band for its upcoming initial public offering (IPO) at Rs185 to Rs195 per equity share. The company aims to raise Rs1,288 crore through a fresh issue of 19.3 million shares, amounting to Rs 377.18 crore, and an offer for sale (OFS) of 46.8 million shares, amounting to Rs 911.7 crore.
The allotment of shares is expected to be finalised on Thursday, December 11. Shares of Wakefit Solutions will make their debut on the exchanges, NSE and BSE, tentatively on Monday, December 15, 2025.
Investors can bid for a minimum of one lot comprising 76 shares. Accordingly, a retail investor would require a minimum investment amount of Rs14,820 to bid for at least one lot at the upper-end price and in multiples thereof.
Under the OFS, Ankit Garg, Chaitanya Ramalingegowda, Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest SA, SAI Global India Fund I, and Paramark KB Fund I are the selling shareholders.
Post the IPO the company proposes to utilise Rs 30.8 crore from the net issue proceeds for setting up 11 new COCO- regular stores, Rs 161.46 crore for lease, sub-lease rent and license fee payments for its existing COCO – regular stores, and Rs 15.4 crore for purchasing new equipment and machinery. Additionally, the company plans to use Rs 108.4 crore for marketing and advertising expenses. The remaining funds will be used for general corporate purposes.
During the six-month period ended September 30, 2025 (H1FY26), the company reported a revenue from operations of Rs 724 crore and a profit after tax (PAT) of Rs 35.5 crore.
In FY25, Wakefit Innovations posted revenue from operations of Rs1,273.7 crore, up 29.13 per cent from Rs986.35 crore in the previous fiscal. The company’s earnings before interest, tax, depreciation, and amortisation (Ebitda) grew 38 per cent from Rs65.84 crore in FY24 to Rs90.83 crore in FY25. However, the company reported a net loss of Rs 35 crore in FY25 compared to Rs 15 crore in FY24. On Tuesday, December 2, 2025, according to sources tracking the Grey Market Price (GMP), unofficial markets, unlisted shares of Wakefit Innovations were trading flat at Rs 195, at the upper end price.
Axis Capital Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (“BRLMs”) to the Offer.
Established in 2016, Wakefit is a D2C (Direct-to-Consumer) home and sleep solutions company. It offers a wide range of mattresses, furniture, and home decor products. Over the time, the company has expanded its portfolio to include pillows, beds, sofas, study tables, wardrobes, and other furniture items.Wakefit forayed into the home solutions space in 2020 with the vision to become India’s most loved home and sleep solutions brand. To fulfill this vision, the brand has made efforts towards omnichannel expansion, scaling supply chain operations by opening doors to India’s largest furniture factory and enhancing brand-building initiatives. The rebranding efforts align with the company’s business goals as it doubles down on its home solutions line to become a one-stop shop for everything home in India. Wakefit operates five manufacturing plants, with two located in Bengaluru, Karnataka, two in Hosur, Tamil Nadu, and one in Sonipat, Haryana.
