A new consumer brand is heading to the primary market, and this one comes from the home and furnishings space. Wakefit Innovations, known for its mattresses and furniture products, is preparing to open its Initial Public Offering on December 8.
Ahead of its opening, let’s take a look at the key factors to watch out for the issue –
Wakefit IPO: Opening, closing, allotment and listing
Wakefit Innovations will open its public issue on December 8 and keep it open until December 10. The company will also conduct its one-day anchor book round on December 5.
After the bidding closes, Wakefit will finalise the allotment of shares on December 11. Thereafter, the shares will be listed on the Bombay Stock Exchange and the National Stock Exchange on December 15.
Wakefit IPO: What the IPO includes
The company plans to raise money through two components – a fresh issue of shares and an Offer for Sale, often called OFS. In the fresh issue, Wakefit is looking to raise about Rs 377 crore, while existing investors and promoters will sell a part of their stake through the OFS, which adds up to several crore shares being offered to the public.
Among the selling shareholders are Peak XV Partners Investments, Redwood Trust, Verlinvest, SAI Global India Fund, and Paramark KB Fund. The promoters, Ankit Garg and Chaitanya Ramalingegowda, will also offload a portion of their holdings.
Wakefit IPO: Shareholding snapshot
Before the IPO, Ankit Garg holds the highest stake at a little over 33%. Peak XV Partners Investments owns more than 22%, while Verlinvest, Investcorp, and co-founder Chaitanya Ramalingegowda hold single-digit stakes.
The company recently raised about Rs 56 crore by issuing shares to DSP India Fund and 360 ONE Equity Opportunities Fund, which took part in the pre-IPO placement.
Wakefit IPO: How the company plans to use the funds
Wakefit intends to use a part of the fresh issue proceeds to expand its network of COCO (Company-Owned, Company-Operated) stores. Around Rs 30 crore is planned for setting up 117 new stores, and more than Rs 160 crore will go toward rent and related payments for existing stores.
Another chunk has been placed for new equipment and machinery, estimated at about Rs 15 crore. The company is also setting aside more than Rs 100 crore for marketing and advertising to strengthen brand visibility. Any remaining amount will be used for general corporate purposes.
Wakefit IPO: Business overview
Wakefit started in 2016 as a sleep-solutions company but has now positioned itself as a broader home and furniture brand. Its range includes mattresses, furniture, furnishings, and décor items. In the six-month period ending September 2025, Wakefit reported a profit of Rs 35.5 crore on revenue of Rs 724 crore.
Axis Capital, IIFL Capital Services (India Infoline Finance), and Nomura Financial Advisory and Securities (India) are handling the issue as the lead managers.
