Wakefit Innovations IPO
Wakefit Innovations Ltd. is coming out with a book-built IPO consisting of a fresh issue of Rs. 377.18 crore and an Offer for Sale of 4.68 crore equity shares.
The IPO opens on December 8, 2025 and closes on December 10, 2025. The allotment is expected on December 11, 2025 and listing is tentatively scheduled for December 15, 2025 on BSE and NSE.
The price band is awaited.
Lead Manager: Axis Capital Ltd.
Registrar: MUFG Intime India Pvt. Ltd.
🕗 Last Update: 1 December 2025, 6.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Allotment Date | December 11, 2025 |
| Refunds Initiation | December 12, 2025 |
| Credit to Demat | December 12, 2025 |
| Listing Date | December 15, 2025 |
| Cut-off Time for UPI | 5 PM, December 10, 2025 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 1 per share |
| Issue Price Band | [.] – [.] per share |
| Lot Size | [.] |
| Sale Type | Fresh Issue + OFS |
| Fresh Issue | Rs. 377.18 Cr |
| OFS | 4,67,54,405 shares |
| Issue Type | Bookbuilt Issue |
| Listing At | BSE & NSE |
| Shareholding Pre-Issue | 30,74,86,214 shares |
Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not less than 75% of Net Offer |
| NII (HNI) | Not more than 15% |
| Retail | Not more than 10% |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 43.01% |
| Promoter Holding Post-Issue | To be updated |
Promoters: Ankit Garg and Chaitanya Ramalingegowda
About Wakefit Innovations Ltd.
Founded in 2016, Wakefit Innovations Ltd. is one of India’s largest and fastest-growing D2C home and sleep solutions brands. It pioneered the online-first memory foam mattress category and expanded into furniture, furnishings, and home décor essentials.
Wakefit serves customers across 700 districts, and as of September 30, 2025, operates 125 stores in 62 cities, giving it a strong omnichannel presence.
Product Portfolio:
-
Mattresses
-
Furniture
-
Furnishings
Key Strengths:
-
Strong brand recall in the D2C home solutions segment
-
Product innovation and backward integration
-
Vertically integrated manufacturing and logistics
-
Omnichannel distribution with strategically placed stores
-
High-reach digital marketing strategy
Financial Snapshot (Rs. crore)
| 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 |
| Total Borrowing | – | – | 7.36 | – |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | -6.58% |
| ROCE | -0.68% |
| Debt/Equity | 0.53 |
| RoNW | -6.72% |
| PAT Margin | -2.75% |
| EBITDA Margin | 7.13% |
Objects of the Issue (Rs. crore)
| S.No. | Purpose | Amount |
|---|---|---|
| 1 | Setting up 117 new COCO – Regular Stores | 30.84 |
| 2 | Lease/sub-lease rent & license fee for COCO Stores | 161.47 |
| 3 | Purchase of new equipment & machinery | 15.41 |
| 4 | Marketing & brand visibility expenses | 108.40 |
| 5 | General corporate purposes | To be updated |
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Wakefit has built a strong D2C household name with wide omni-channel reach and consistent revenue growth. However, profitability remains volatile, with FY25 posting losses and negative return ratios. The IPO includes a large OFS, and a major portion of proceeds will be used for store expansion and marketing rather than balance-sheet strengthening.
Valuations will depend on the final price band, but considering the weak profitability profile and negative ROE/ROCE, investors should wait for better clarity.
Chanakya View: Suitable for high-risk investors with a long-term horizon. Conservative investors may avoid until profitability stabilizes.
Company Contact
Wakefit Innovations Ltd.
Umiya Emporium, 97-99, 2nd & 4th Floor
Adugodi, Tavarekere, Opp. Forum Mall, Hosur Road
Bengaluru, Karnataka – 560029
📞 080 67335544
✉ investorscompliance@wakefit.co
🌐 http://www.wakefit.co/
Lead Managers
Axis Capital Ltd.
IIFL Capital Services Ltd.
Nomura Financial Advisory & Securities (India) Pvt. Ltd.
Registrar
MUFG Intime India Pvt. Ltd.
📞 +91-22-4918 6270
✉ wakefitinnovations.ipo@in.mpms.mufg.com
🌐 https://linkintime.co.in/Initial_Offer/public-issues.html
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
