Wakefit Innovations Limited is launching an IPO aggregating up to ₹1,288.89 crore, consisting of a fresh issue of 1.93 crore shares (≈₹377.18 Cr) and an offer for sale of 4.68 crore shares (≈₹911.71 Cr). The public issue opens on Dec 8, 2025 and closes on Dec 10, 2025. Tentative allotment is on Dec 11, 2025, refunds & credit on Dec 12, 2025, and tentative listing on Dec 15, 2025 on BSE & NSE.
Wakefit Innovations IPO
Mainboard Book-built (Fresh + Offer for Sale) — BSE, NSE
UPCOMINGWakefit Innovations Limited is launching an IPO aggregating up to ₹1,288.89 crore, consisting of a fresh issue of 1.93 crore shares (≈₹377.18 Cr) and an offer for sale of 4.68 crore shares (≈₹911.71 Cr). The public issue opens on Dec 8, 2025 and closes on Dec 10, 2025. Tentative allotment is on Dec 11, 2025, refunds & credit on Dec 12, 2025, and tentative listing on Dec 15, 2025 on BSE & NSE.
| Face Value | ₹1 per share |
|---|---|
| Price Band | ₹185 to ₹195 per share |
| Lot Size | 76 shares |
| Total Issue Size | 6,60,96,866 shares (aggregating up to ₹1,288.89 Cr) |
| Fresh Issue | 1,93,42,461 shares (≈₹377.18 Cr) |
| Offer for Sale | 4,67,54,405 shares (≈₹911.71 Cr) |
| Issue Type | Book-building (Fresh + Offer for Sale) |
| Listing | BSE, NSE |
| BRLM / Registrar | Axis Capital Ltd. / MUFG Intime India Pvt. Ltd. |
| Pre / Post Issue Shares | 30,74,86,214 / 32,68,28,675 |
Investor category reservations: QIB — Not less than 75% of the Net Offer; Retail — Not more than 10% of the Net Offer; NII — Not more than 15% of the Net Offer.
| IPO Open | Mon, Dec 8, 2025 |
|---|---|
| IPO Close | Wed, Dec 10, 2025 |
| Tentative Allotment | Thu, Dec 11, 2025 |
| Initiation of Refunds | Fri, Dec 12, 2025 |
| Credit to Demat | Fri, Dec 12, 2025 |
| Tentative Listing | Mon, Dec 15, 2025 |
| UPI Mandate Cut-off | 5 PM on Wed, Dec 10, 2025 |
| Application | Lots | Shares | Amount (₹ at ₹195) |
|---|---|---|---|
| Retail (Min) | 1 | 76 | ₹14,820 |
| Retail (Max) | 13 | 988 | ₹1,92,660 |
| S-HNI (Min) | 14 | 1,064 | ₹2,07,480 |
| S-HNI (Max) | 67 | 5,092 | ₹9,92,940 |
| B-HNI (Min) | 68 | 5,168 | ₹10,07,760 |
Amounts calculated at the upper band (₹195) for conservative planning. Bids allowed in multiples of 76 shares.
Promoters: Ankit Garg and Chaitanya Ramalingegowda.
Promoter holding (Pre / Post): 43.01% (Pre Issue) — 36.83% (Post Issue). Note: Post-issue percentage calculated using equity dilution (pre – post).
Incorporated in 2016, Wakefit Innovations Limited is a leading D2C home & sleep solutions company known for mattresses, furniture and home furnishings sold online and through an expanding retail footprint. Wakefit combines product innovation, vertically-integrated operations, omnichannel distribution and logistics to serve customers across India. As of Sep 30, 2025, Wakefit had 125 stores across 62 cities and presence in 700 districts over 28 states & 6 UTs.
Competitive strengths: large D2C scale, product innovation, vertical integration, omnichannel distribution and strong marketing & logistics.
Selected financials (₹ Crore)
| Period Ended | Assets | Total Income | PAT | EBITDA | Net Worth |
|---|---|---|---|---|---|
| 30 Sep 2025 | 1,220.34 | 741.30 | 35.57 | 103.19 | 557.34 |
| 31 Mar 2025 | 1,050.75 | 1,305.43 | -35.00 | 90.83 | 520.57 |
| 31 Mar 2024 | 928.30 | 1,017.33 | -15.05 | 65.85 | 543.61 |
Source figures as provided in RHP/DRHP. PAT shows volatility year-on-year; review RHP for segmental details and notes.
KPI (as of Mar 31, 2025): ROE -6.58% | ROCE -0.68% | Debt/Equity 0.53 | RoNW -6.72% | PAT Margin -2.75% | EBITDA Margin 7.13% | Market Cap ≈₹6,373.16 Cr.
| 1 | Capital expenditure for setting up 117 new COCO – Regular Stores: ₹30.84 Cr |
|---|---|
| 2 | Lease / sub-lease rent and license fees for existing COCO stores: ₹161.47 Cr |
| 3 | Capex for purchase of new equipment & machinery: ₹15.41 Cr |
| 4 | Marketing & advertising to enhance brand visibility: ₹108.40 Cr |
| 5 | General corporate purposes |
Company
- Wakefit Innovations Ltd., Umiya Emporium, 97-99, 2nd & 4th Floor, Adugodi, Tavarekere, Opp. Forum Mall, Hosur Road, Bengaluru, Karnataka, 560029
- Phone: 080 6733 5544 | Email: investorscompliance@wakefit.co
- Website: http://www.wakefit.co/
Registrar
- MUFG Intime India Pvt. Ltd. — Phone: +91-22-4918 6270 | Email: wakefitinnovations.ipo@in.mpms.mufg.com | Website: https://linkintime.co.in/Initial_Offer/public-issues.html