Wakefit Innovations Ltd will open its Initial Public Offering (IPO) for subscription on December 8, 2025, with the bidding window available until December 10, 2025.
The IPO allotment is expected to be finalised on December 11, 2025, and the shares will list on both NSE and BSE on December 15, 2025 (tentative). The company filed its Red Herring Prospectus (RHP) on November 29, 2025.
Wakefit IPO Details
Total Issue Size: ₹1,288.89 crore (Book-built issue)
Fresh Issue: 1.93 crore shares (₹377.18 crore)
Offer for Sale (OFS): 4.68 crore shares (₹911.71 crore)
Price Band: ₹185 – ₹195 per share
Lot Size: 76 shares
Minimum Investment (Upper Band): ₹14,820 per lot
Listing Date (Tentative): December 15, 2025
Allotment Date: December 11, 2025
Book-running lead managers:
Axis Capital, IIFL Capital Services (formerly IIFL Securities), and Nomura Financial Advisory.
Registrar: MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.)
Use of IPO Proceeds (Fresh Issue)
Wakefit will deploy the net proceeds toward:
Setting up 117 new COCO (Company-Owned, Company-Operated) regular stores
Lease/sub-lease rent & licence fee payments for existing COCO stores
Purchase of new equipment and machinery
Marketing & advertising expenses to enhance brand visibility
General corporate purposes
About Wakefit Innovations Ltd
Founded in 2016 by Ankit Garg, Wakefit Innovations is a Bengaluru-based “sleep and home solutions” brand known for its D2C model and growing offline presence.
As of September 30, 2025, the company has:
125 COCO stores
1,504 multi-brand outlets (MBOs) across India
Product Portfolio:
Mattresses, furniture (beds, sofas, wardrobes, tables), kids’ furniture, pillows, rugs, curtains, décor, kitchenware, and household essentials.
Financials:
FY25 operating revenue: ₹1,274 crore (vs. ₹986 crore in FY24)
YoY growth: ~30%
FY25 total income: ₹1,305 crore.
