- Price band fixed at ₹185–₹195
- Fresh issue of ₹377.1 crore and OFS of ₹911.8 crore to unlock expansion, marketing and retail growth
- Valuation nears ₹6,400 crore; majority quota reserved for institutional investors
- Anchor Investor Bidding Date – Friday, December 5, 2025
- Bids can be made for a minimum of 76 Equity Shares and in multiples thereof
- Market debut scheduled for December 15 with strong pre-IPO backing
NE BUSINESS BUREAU
AHMEDABAD, DEC 3
Wakefit Innovations Ltd, one of India’s fastest-growing home and furnishings brands, has fixed the price band of its ₹1,289 crore initial public offering (IPO) at ₹185–₹195 per share. The Bengaluru-based direct-to-consumer (D2C) company will open its maiden share sale for subscription on December 8, closing on December 10, with anchor allocation scheduled for December 5.
The offering comprises a fresh issue of up to ₹377
.18 crore and an Offer for Sale (OFS) of 4,67,54,405 equity shares amounting to approximately ₹912 crore at the upper price band. The total issue size values the company at nearly ₹6,400 crore. Investors can bid in lots of 76 shares and in multiples thereof.
Promoters Ankit Garg and Chaitanya Ramalingegowda, along with selling shareholders Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest SA, SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I, will divest part of their holdings through the OFS route.
According to the company’s filing, the fresh issue proceeds will be deployed towards:
• ₹31 crore for setting up 117 new COCO-Regular Stores
• ₹15.4 crore for new equipment and machinery
• ₹161.4 crore for lease, sub-lease rent and licence fee payments for existing stores
• ₹108.4 crore for marketing and brand visibility initiatives
• Remaining funds for general corporate purposes
The IPO comes on the heels of Wakefit securing ₹56 crore from DSP India Fund and 360 ONE Equity Opportunities Fund in a pre-IPO round.
Incorporated in 2016, Wakefit has emerged as one of the fastest-growing organised players in India’s home and furnishings industry, crossing a ₹1,000 crore income milestone as of March 31, 2024. Its portfolio spans mattresses, furniture and home décor sold via its website, COCO stores, e-commerce marketplaces and multi-brand outlets.
Wakefit operates five manufacturing facilities — two in Bengaluru, two in Hosur and one in Sonipat — equipped with advanced automation including robotic arms and high-efficiency roller belts, helping streamline production and reduce waste.
The company has reserved 75% of the IPO for Qualified Institutional Buyers, 15% for Non-Institutional Investors, and 10% for retail investors.
For the six months ending September 30, 2025, the company reported ₹724 crore in revenue and ₹35.5 crore profit
Listing
The Equity Shares of the Company are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited.
BRLMs
Axis Capital, IIFL Capital Services and Nomura Financial Advisory and Securities (India) are the book-running lead managers for the issue.
