/images/ppid_59c68470-image-176464002862227273.webp)
What is the story about?
Wakefit Innovations, the D2C home and furnishings company backed by Peak XV Partners, Elevation Capital, and Investcorp, has announced that its ₹1,288.89 crore Initial Public Offering (IPO) will open for subscription on December 8, and close on December 10, 2025.
Price band for the issue has been fixed between ₹185 to ₹195 per share. Wakefit shares will have a face value of ₹1 each.
Retail investors can apply for one lot of 76 shares in the Wakefit IPO , which will entail a minimum investment of ₹14,820. Applications can then be made in multiples of 76 shares thereafter.
At the higher end of the price band, Wakefit will have a post-listing market capitalisation of ₹6,373 crore.
However, only 10% of the total IPO size has been reserved for retail investors. Similar to many other recent listings, 75% of the issue has been reserved for Qualified Institutional Bidders (QIBs). The remaining 15% is reserved for non-institutional investors (HNIs).
For Small HNIs, the minimum bid lot size will be 1,064 shares and will entail a minimum investment of ₹2,07,480, while for big HNIs, the minimum lot size is 5,168 shares and will entail a minimum investment of ₹10 lakh.
The Bengaluru-based firm’s IPO comprises a fresh equity issue of up to ₹377.1 crore and an offer for sale (OFS) of 4.67 crore shares by existing investors.
Promoters Ankit Garg and Chaitanya Ramalingegowda, along with selling shareholders including Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, and Paramark KB Fund I, will participate in the OFS.
Wakefit plans to deploy the net proceeds of the fresh issue across multiple areas: ₹30.8 crore for setting up 117 new COCO – Regular Stores, ₹15.4 crore for new equipment and machinery, ₹161.4 crore for lease, sub-lease, and license fee payments for existing stores, and ₹108.4 crore for marketing, advertising, and general corporate purposes.
Financially, Wakefit reported revenue from operations of ₹1,273 crore in FY25. For the six months ending September 30, 2025, the company posted revenue of ₹724 crore and a profit of ₹35.5 crore.
Incorporated in 2016, Wakefit has become the fastest-growing homegrown player in India’s organised home and furnishings segment to cross ₹1,000 crore in total income as of March 31, 2024.
Wakefit’s portfolio includes a wide range of mattresses, furniture, and home furnishings sold through its own channels, including its website and COCO stores, as well as external platforms such as major e-commerce marketplaces and multi-branded outlets.
As a full-stack, vertically integrated company, Wakefit manages every stage of its operations, from design and engineering to manufacturing, distribution, and customer engagement.
The company operates five manufacturing facilities: two in Bengaluru, Karnataka, two in Hosur, Tamil Nadu, and one in Sonipat, Haryana. These plants are equipped with imported machinery and automation technologies, including robotic arms and roller belts, to streamline production and minimize waste.
Axis Capital, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) are the Book Running Lead Managers for the IPO. Wakefit’s equity shares are proposed to be listed on both the BSE and NSE.
Price band for the issue has been fixed between ₹185 to ₹195 per share. Wakefit shares will have a face value of ₹1 each.
Retail investors can apply for one lot of 76 shares in the Wakefit IPO , which will entail a minimum investment of ₹14,820. Applications can then be made in multiples of 76 shares thereafter.
At the higher end of the price band, Wakefit will have a post-listing market capitalisation of ₹6,373 crore.
However, only 10% of the total IPO size has been reserved for retail investors. Similar to many other recent listings, 75% of the issue has been reserved for Qualified Institutional Bidders (QIBs). The remaining 15% is reserved for non-institutional investors (HNIs).
For Small HNIs, the minimum bid lot size will be 1,064 shares and will entail a minimum investment of ₹2,07,480, while for big HNIs, the minimum lot size is 5,168 shares and will entail a minimum investment of ₹10 lakh.
The Bengaluru-based firm’s IPO comprises a fresh equity issue of up to ₹377.1 crore and an offer for sale (OFS) of 4.67 crore shares by existing investors.
Promoters Ankit Garg and Chaitanya Ramalingegowda, along with selling shareholders including Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, and Paramark KB Fund I, will participate in the OFS.
Wakefit plans to deploy the net proceeds of the fresh issue across multiple areas: ₹30.8 crore for setting up 117 new COCO – Regular Stores, ₹15.4 crore for new equipment and machinery, ₹161.4 crore for lease, sub-lease, and license fee payments for existing stores, and ₹108.4 crore for marketing, advertising, and general corporate purposes.
Financially, Wakefit reported revenue from operations of ₹1,273 crore in FY25. For the six months ending September 30, 2025, the company posted revenue of ₹724 crore and a profit of ₹35.5 crore.
Incorporated in 2016, Wakefit has become the fastest-growing homegrown player in India’s organised home and furnishings segment to cross ₹1,000 crore in total income as of March 31, 2024.
Wakefit’s portfolio includes a wide range of mattresses, furniture, and home furnishings sold through its own channels, including its website and COCO stores, as well as external platforms such as major e-commerce marketplaces and multi-branded outlets.
As a full-stack, vertically integrated company, Wakefit manages every stage of its operations, from design and engineering to manufacturing, distribution, and customer engagement.
The company operates five manufacturing facilities: two in Bengaluru, Karnataka, two in Hosur, Tamil Nadu, and one in Sonipat, Haryana. These plants are equipped with imported machinery and automation technologies, including robotic arms and roller belts, to streamline production and minimize waste.
Axis Capital, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) are the Book Running Lead Managers for the IPO. Wakefit’s equity shares are proposed to be listed on both the BSE and NSE.
/images/ppid_59c68470-image-176456504401010840.webp)
/images/ppid_59c68470-image-176457260600974099.webp)
/images/ppid_59c68470-image-176460004609716804.webp)
/images/ppid_a911dc6a-image-176459924578738838.webp)
/images/ppid_59c68470-image-176460017556547534.webp)
