Wakefit IPO: Bengaluru's Home Furnishing Giant Goes Public
Wakefit Innovations, one of India's fastest-growing indigenous home furnishing brands, is set to make its stock market debut with an initial public offering opening for subscription from 8 December 2025. The Bengaluru-based company, which achieved total income of ₹1,000 crore as of 31 March 2024, aims to raise capital through this public issue to fuel its expansion plans across the country.
IPO Dates and Offer Structure
The Wakefit IPO will be open for public bidding from Monday, 8 December 2025 to Wednesday, 10 December 2025, following an anchor investor round scheduled for 5 December 2025. According to the red herring prospectus filed with SEBI on 29 November 2025, the company is offering a book-built public issue comprising a fresh issue of equity shares amounting to ₹377.17 crore and an offer for sale component of 4.67 crore equity shares.
The share allotment is expected to be completed by 11 December 2025, with listing on benchmark indices anticipated around 15 December 2025. The IPO reservations include not less than 75% for Qualified Institutional Buyers, not more than 15% for Non-Institutional Investors, and not more than 10% for retail investors.
Financial Performance and Fund Utilization
Wakefit's financial journey shows significant growth momentum. The company reported a net profit of ₹35.57 crore for the July-September quarter of FY 2025-26, marking a substantial turnaround from the net loss of ₹35 crore in FY 2024-25 and ₹15.05 crore loss in FY 2023-24. Total income reached ₹741.30 crore in Q2 FY 2025-26, building on ₹1,305.42 crore in FY 2024-25 and ₹1,017.33 crore in FY 2023-24.
The company has outlined clear objectives for utilizing the IPO proceeds:
- ₹30.84 crore for capital expenditure to establish 117 new stores across India
- ₹161.46 crore for rental expenses of company-owned and operated stores
- ₹15.40 crore for purchasing new equipment and machinery
- ₹108.40 crore for marketing and advertising expenses
- Remaining funds for general corporate purposes
Stakeholder Details and Company Background
Promoters Ankit Garg and Chaitanya Ramalingegowda are the primary selling stakeholders in the offer for sale component. Other shareholders participating in the OFS include Nitika Goel, Peak XV Partners Investments, Redwood Trust, Verlinvest S.A., SAI Global India Fund, and Paramark KB Fund.
Wakefit has established itself as a dominant player in India's home furnishing sector, offering mattresses, furniture, and home accessories through multiple channels including its own platforms, company-owned stores, e-commerce partnerships, and multi-brand retailers. The company has appointed Axis Capital Ltd, IIFL Capital Services Ltd, and Nomura Financial Advisory and Securities India Pvt. Ltd as book-running lead managers, with MUFG Intime India Pvt. Ltd serving as the registrar.
This IPO represents a significant milestone for the Indian home furnishing industry and provides investors an opportunity to participate in the growth story of one of the sector's most promising indigenous brands.
