The much-anticipated initial public offering (IPO) of Wakefit Innovations, a leading direct-to-consumer home and furnishings brand, is set to hit the capital markets. The company has fixed the price band for its public issue at ₹185 to ₹195 per equity share, with the subscription window scheduled to open next week.
Wakefit IPO: Key Dates and Issue Structure
The public offering of Wakefit Innovations will be open for subscription from Monday, December 8, to Wednesday, December 10, 2025. Prior to this, the allocation to anchor investors is slated for Friday, December 5. Following the subscription closure, the basis of allotment is expected to be finalized by Thursday, December 11. Refunds will be initiated on Friday, December 12, with shares credited to successful allottees' demat accounts on the same day. Investors can expect the listing of Wakefit shares on both the BSE and NSE on Monday, December 15.
The IPO comprises a fresh issue of equity shares worth up to ₹377.1 crore and an offer-for-sale (OFS) of up to 4.67 crore shares by existing promoters and shareholders. The lot size for the retail investor application is set at 76 equity shares and multiples thereof.
Fund Allocation and Company Financials
Proceeds from the fresh issue will be strategically deployed to accelerate the company's growth. According to the red herring prospectus (RHP), the funds will be utilized for several key initiatives:
- ₹30.8 crore to establish 117 new company-owned, company-operated (COCO) regular stores.
- ₹161.4 crore for rent payments related to leases for existing COCO stores.
- ₹15.4 crore for acquiring new equipment and machinery.
- ₹108.4 crore for marketing and advertising to boost brand visibility.
- The remaining amount will be used for general corporate purposes.
Financially, Wakefit has demonstrated robust growth. For the six-month period ending September 30, 2025, the company reported revenue from operations of ₹724 crore and a profit of ₹35.5 crore. As of March 31, 2024, its total income had crossed the ₹1,000 crore mark.
Promoters, Merchant Bankers, and Business Overview
In the OFS component, shares will be sold by promoters Ankit Garg and Chaitanya Ramalingegowda, along with other stakeholders including Peak XV Partners Investments VI, Verlinvest S.A., and Redwood Trust, among others.
The IPO is being managed by a trio of merchant bankers: Axis Capital, IIFL Capital Services, and Nomura Financial Advisory and Securities (India). MUFG Intime India Pvt. Ltd. is the registrar to the issue.
Founded in 2016, Wakefit has rapidly grown to become one of India's largest D2C home and furnishings brands. It sells a wide range of mattresses, furniture, and home accessories through its own website, COCO stores, and external channels like e-commerce platforms. The company operates five manufacturing plants across Bengaluru, Hosur, and Sonipat.
The IPO reservation policy allocates not less than 75% for Qualified Institutional Buyers (QIBs), not more than 15% for Non-Institutional Investors (NIIs), and up to 10% for retail investors.
