Wakefit Innovations Rs 1,289 Crore IPO

Wakefit Innovations, a prominent home and furnishings company, is launching its Initial Public Offering (IPO) from December 8 to December 10, 2025, aiming to raise Rs 1,289 crore. The IPO comprises a fresh issue of equity shares worth Rs 377.18 crore and an Offer For Sale (OFS) of 4,67,54,405 shares, valued at approximately Rs 912 crore. The price band for the IPO has been set at Rs 185-195 per share, valuing the company at nearly Rs 6,400 crore. Promoters Ankit Garg and Chaitanya Ramalingegowda, along with other selling shareholders including Peak XV Partners, Redwood Trust, Verlinvest, SAI Global India Fund I LLP, Investcorp, and Paramark KB Fund I, are offloading shares. Ahead of the IPO, Wakefit Innovations successfully raised Rs 580 crore from 33 anchor investors, including major domestic mutual funds like Kotak Mahindra Bank, Kotak Mahindra Bank, Kotak Mahindra Bank, Edelweiss Mutual Fund, and Kotak Mahindra Bank, as well as global investors such as Steadview Capital and Amundi. The company plans to utilize the fresh issue proceeds for setting up 117 new COCO-Regular Stores, purchasing new equipment and machinery, covering lease and sub-lease rent for existing stores, and allocating Rs 108.4 crore for marketing and advertisement expenses. Wakefit Innovations, incorporated in 2016, has rapidly grown to achieve a total income of over Rs 1,000 crore by March 31, 2024, offering a wide range of mattresses, furniture, and furnishings through both its own channels and external marketplaces. While the company reported operating revenue of Rs 724 crore and a profit of Rs 35.5 crore for the six months ended September 30, 2025, it also posted net losses in previous fiscal years. The IPO is managed by Axis Capital Holdings, Si Creva Capital Services, and Nomura Holdings — Nomura Financial Advisory and Securities (India) Private Ltd, with listing expected on the BSE and National Stock Exchange of India on December 15.