Wakefit Innovations IPO
Bookbuilding IPO | ₹1,288.89 Cr | Listing at BSE, NSE
IPO Open
Mon, Dec 08, 2025
IPO Close
Wed, Dec 10, 2025
Price Band
₹185.00 to ₹195.00
Market Cap (Pre-IPO)
₹6,373.16 Cr
IPO Details
| IPO Date | Dec 08, 2025 to Dec 10, 2025 |
| Listing Date | Dec 15, 2025 |
| Face Value | ₹1.00 per share |
| Price Band | ₹185.00 to ₹195.00 |
| Lot Size | 76 Shares (Minimum: ₹14,820.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹1,288.89 Crores |
| Total Shares Offered | 66,096,866 shares |
| Fresh Issue | 19,342,461 shares |
| Offer For Sale | 46,754,405 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 3.04x |
| NII | 3.34x |
| RII | 3.17x |
| Total | 2.52x |
Wakefit Innovations IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 4,95,72,651 (75.00%) |
| Retail Shares Offered | 66,09,686 (10.00%) |
| NII Shares Offered | 99,14,529 (15.00%) |
Wakefit Innovations IPO Lot Size
Investors can bid for a minimum of 76 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 76 | ₹14,820 |
| Retail (Max) | 13 | 988 | ₹192,660 |
| S-HNI (Min) | 14 | 1,064 | ₹207,480 |
| S-HNI (Max) | 67 | 5,092 | ₹992,940 |
| B-HNI (Min) | 68 | 5,168 | ₹1,007,760 |
Wakefit Innovations Financial Information (Restated Consolidated)
Wakefit Innovations Ltd.'s revenue increased by 28% and profit after tax (PAT) dropped by 133% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,220.34 | 1,050.75 | 928.30 | 791.80 |
| Total Income | 741.30 | 1,305.43 | 1,017.33 | 820.01 |
| Profit After Tax | 35.57 | -35.00 | -15.05 | -145.68 |
| EBITDA | 103.19 | 90.83 | 65.85 | -85.75 |
| NET Worth | 557.34 | 520.57 | 543.61 | 505.08 |
| Reserves and Surplus | 522.34 | 500.27 | 523.33 | 486.99 |
| Total Borrowing | - | - | 7.36 | - |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | -6.58% |
| ROCE (Return on Capital Employed) | -0.68% |
| Debt/Equity | 0.53 |
| RoNW (Return on Net Worth) | -6.72% |
| PAT Margin (Profit After Tax Margin) | -2.75% |
| EBITDA Margin | 7.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 43.01 | 36.83 |
Company Promoters
- Ankit Garg and Chaitanya Ramalingegowda are the promoters of the company.
Company Overview
Incorporated in 2016, Wakefit Innovations Limited is a Indian D2C (Direct-to-Consumer) home and sleep solutions company, best known for its high-quality and affordable range of mattresses, furniture, and home décor products.
The company initially gained popularity with its memory foam mattresses sold directly to customers online, eliminating middlemen and offering competitive prices. Over time, Wakefit expanded its portfolio to include pillows, beds, sofas, study tables, wardrobes, and other furniture items, catering to the evolving needs of modern Indian homes.
The company operates primarily through its digital channels, supported by strong logistics and customer service, which enables it to reach customers across urban and semi-urban areas in India.
Product Portfolio:
- Mattresses
- Furniture
- Furnishings
The company sells products across 700 districts across 28 states and 6 union territories. As of Sep 30, 2025, it has 125 stores in 62 cities across 19 states and 2 union territories.
Company Strengths
- Largest and fastest growing D2C home and furnishing solutions destination
- Comprehensive home and furnishing solutions brand with a core focus on product innovation
- Full-stack vertically integrated operations with differentiated processes and technical capabilities
- Omnichannel sales presence and strategically located store network
- The multi-faceted marketing approach enhancing the brand image
Use of Proceeds
| 1 | . Capital expenditure to be incurred by the Company for setting up of 117 new COCO – Regular Stores | 30.84 |
| 2 | Expenditure for lease, sub-lease rent and license fee payments for our existing COCO – Regular Stores | 161.47 |
| 3 | Capital expenditure to be incurred by our Company for purchase of new equipment and machinery | 15.41 |
| 4 | Marketing and advertisement expenses toward enhancing the awareness and visibility of our brand | 108.40 |
| 5 | General corporate purposes | 33.07 |
Objectives
The Company Wakefit Innovations IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Wakefit Innovations IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Wakefit Innovations Limited | -1.15 | -1.15 | 16.96 | - | -6.72 | - | - |
| Sheela Foam Ltd | 8.84 | 8.84 | 278.35 | 77.26 | 2.98 | 2.46 | - |
Quick Info
| Sector | Home & Furnishings |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹6,373.16 Cr |
Important Dates
| IPO Open | Dec 08, 2025 |
| IPO Close | Dec 10, 2025 |
| Allotment Date | Dec 11, 2025 |
| Basis of Allotment | Dec 11, 2025 |
| Credit to Demat | Dec 12, 2025 |
| Listing Date | Dec 15, 2025 |
Lead Manager(s)
Axis Capital Ltd.
Registrar
Description
Wakefit Innovations IPO is a book build issue of ₹1,288.89 crores. The issue is a combination of fresh issue of 1.93 crore shares aggregating to ₹377.18 crores and offer for sale of 4.68 crore shares aggregating to ₹911.71 crores.
Wakefit Innovations IPO bidding started from Dec 8, 2025 and ended on Dec 10, 2025. The allotment for Wakefit Innovations IPO was finalized on Dec 11, 2025. Wakefit Innovations IPO will list on BSE, NSE on Dec 15, 2025.
Wakefit Innovations IPO price band is set at ₹195.00 per share . The lot size for an application is 76. The minimum amount of investment required by an retail is ₹14,820 (76 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,064 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (5,168 shares), amounting to ₹10,07,760.