Wakefit Innovations was incorporated on March 1, 2016. The company is India’s largest D2C home and furnishings brand by revenue in FY24, offering mattresses, furniture, and furnishings via an omnichannel model. Its full-stack, vertically integrated setup allows end-to-end control from product design to customer engagement
| Bidding Dates |
|---|
| 08 Dec 2025 - 10 Dec 2025 |
| Subscription |
|---|
| 2.52x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,060 | 1 | 13 | 76 | 66.1 M | ₹185 - ₹195 | 37.39 % | ₹12227.9 M - ₹12888.9 M | RHP DOC |
Wakefit Innovations IPO SUBSCRIPTION STATUS
10 Dec '25Wakefit Innovations IPO overall subscription rate was 2.52 times the total available shares
Wakefit Innovations IPO retail subscription rate was 3.17 times in the retail segment
Wakefit Innovations IPO non-institutional investor subscription rate was 1.05 times in the non-institutional investor category
Wakefit Innovations IPO Qualified Institutional Bidder subscription rate was 3.04 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
10 Dec 2025 (Day 3) | 3.17x | 1.05x | 3.04x |
09 Dec 2025 (Day 2) | 1.77x | 0.25x | 0x |
08 Dec 2025 (Day 1) | 0.73x | 0.07x | - |
Wakefit Innovations FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 724.0 | 35.6 | 78.8 | 63.4 | 14.3% |
| FY25 | 1,273.7 | -35.0 | 76.7 | 25.9 | 7.1% |
| FY24 | 986.4 | -15.1 | 80.6 | 52.0 | 6.7% |
| FY23 | 812.6 | -145.7 | -20.5 | -60.3 | -10.6% |
Wakefit Innovations IPO SUBSCRIPTION STATUS DETAILS
Wakefit Innovations had 66.1 M shares on offer
Wakefit Innovations IPO offer price was in the range ₹185 - ₹195
Wakefit Innovations IPO minimum Investment was ₹14060
Wakefit Innovations IPO issue size was ₹ 12227.9 M - ₹ 12888.9 M
Wakefit Innovations had a minimum lot size of 76 Shares per application
Wakefit Innovations NUMBER OF SHARES ON OFFER
Wakefit Innovations IPO IMPORTANT DATES
| Issue Open Date | 08 Dec 2025 |
| Issue close Date | 10 Dec 2025 |
| Allotment Date | 11 Dec 2025 |
| Refund Date | 12 Dec 2025 |
| Demat Account Credit Date | 12 Dec 2025 |
| Listing Date | 15 Dec 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Wakefit Innovations Allotment Status | Exchange/ Registrar |
Wakefit Innovations IPO subscription opened on 08 Dec 2025, and closed on 10 Dec 2025
IPO allotment for Wakefit Innovations was finalized on Thursday, 11 Dec 2025
IPO listing for Wakefit Innovations was on NSE and BSE on Monday, 15 Dec 2025
Wakefit Innovations IPO LISTING GAINS
| Issue Price (adjusted) | 195.0 |
| Listing Open Price | 195.0 |
| Listing Close Price | 192.3 |
| Listing Gain% | 0.0% |
| Current Gain% | -34.5% |
Wakefit Innovations Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Wakefit Innovations Ltd. | 127.8 | 4175.6 | 21.9 | 0 | 2.7 | 16.7 | 10.8 | 1534.4 | 17.5 | 189.2 | 640.4 | 5.8 | -643.7 |
| Sheela Foam Ltd. | 677.4 | 7397.4 | 34.5 | 0.1 | 1.8 | 4.9 | 3.1 | 3875.1 | 8.5 | 159.6 | 66.1 | 19.6 | 273.1 |
| Greenlam Industries Ltd. | 273.7 | 6983.4 | 75.1 | 0.4 | 2.2 | 4.8 | 1.9 | 3054.3 | 18.4 | 56.3 | -19.3 | 3.6 | 172.9 |
| Responsive Industries Ltd. | 169.4 | 4517.4 | 30.4 | -1.2 | 3.2 | 9.5 | 8 | 1404.2 | -1.6 | 148.4 | -25.4 | 5.6 | -25.4 |
| Euro Pratik Sales Ltd. | 314.1 | 3210.1 | 41.6 | 85.9 | 9.6 | 24.9 | 19.4 | 343 | 17.7 | 77.1 | 0.5 | 7.5 | 0.5 |
| Stanley Lifestyles Ltd. | 149.9 | 856.4 | 70.8 | -1.2 | 2 | 2.6 | 1.4 | 442.1 | -0.3 | 12.1 | -58.4 | 2.1 | -58.4 |
Wakefit Innovations INFORMATION ON IPO ISSUE
About Wakefit Innovations
Wakefit Innovations was incorporated on March 1, 2016. The company is India’s largest D2C home and furnishings brand by revenue in FY24, offering mattresses, furniture, and furnishings via an omnichannel model. Its full-stack, vertically integrated setup allows end-to-end control from product design to customer engagement
Object of the Issue
- Capital expenditure to be incurred by the company for setting up of 117 new COCO – Regular Stores and one COCO – Jumbo Store
- Expenditure for lease, sub-lease rent and license fee payments for their existing COCO – Regular Stores
- Capital expenditure to be incurred by their company for purchase of new equipment and machinery
- Marketing and advertisement expenses towards enhancing the awareness and visibility of their brand
- General corporate purposes
Wakefit Innovations - PROMOTERS
| Name |
|---|
| Ankit Garg |
| Chaitanya Ramalingegowda |
Wakefit Innovations - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ankit Garg | Chairperson, Chief Executive Officer & Executive Director |
| Chaitanya Ramalingegowda | Executive Director |
| Sakshi Vijay Chopra | Non-Executive Nominee Director |
| Mukul Arora | Non-Executive Nominee Director |
| Alok Chandra Misra | Non-Executive Independent Director |
| Gunender Kapur | Non-Executive Independent Director |
| Sandhya Pottigari | Non-Executive Independent Director |
| Sudeep Nagar | Non-Executive Independent Director |
| Arindam Paul | Non-Executive Independent Director |
Wakefit Innovations Book Running Lead Manager
Axis Capital Limited
wakefit.ipo@axiscap.in
IIFL Capital Services Limited
wakefit.ipo@iiflcap.com
Nomura Financial Advisory and Securities (India) Private Limited
wakefitipo@nomura.com
Wakefit Innovations Registrar to the Offer
MUFG Intime India Private Limited
wakefitinnovations.ipo@in.mpms.mufg.com
Wakefit Innovations Strengths
D2C home & furnishings brand
The company is a one-stop D2C home and furnishings brand in India, with each of its mattress, furniture, and decor categories generating over Rs 1,000 million in revenue in FY24. It ranks among the top three organized mattress players and leads in online mattress sales, leveraging a strong multi-category platform to drive cross-sell, up-sell, and repeat purchases
Vertically integrated model
The company’s full-stack vertically integrated model allows end-to-end control from design to customer engagement, enhancing efficiency, brand loyalty, and competitive advantage
Sales network
The company has built an extensive sales network combining its own website and COCO stores with external marketplaces and MBOs. It ensures consistent brand discovery and a seamless, integrated customer experience across digital and physical channels
Wakefit Innovations Risks
Operational risks
The company’s operations rely heavily on its “Wakefit” brand, and any harm to its reputation could negatively impact its business performance, financial condition, and cash flows
Inaccurate demand analysis
The company uses data analytics to forecast demand and guide decisions across inventory, manufacturing, and product design. Inaccurate data or forecasting may lead to overstocking or shortages, affecting sales, customer satisfaction, and profitability
Depend on third party logistics
The company relies on third-party logistics for product transport, and disruptions like strikes, accidents, or delays can impact timely delivery and customer satisfaction. Such issues may harm business operations, financials, and customer relationships, with insurance potentially covering only part of the losses
IPO FAQs
This IPO consists of an offer for sale of up to Rs 911.7 crore, of 46,754,405 shares. It also consists of a fresh issue of Rs 377.2 crore.
The promoters of the company are Ankit Garg and Chaitanya Ramalingegowda.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 185.0 - 195.0.
The IPO application opens on Dec 08, 2025 and closes on Dec 10, 2025.
The minimum lot size for the IPO is 76. The maximum lot size for the IPO is 988.
For all category investors, the minimum application amount for this IPO is Rs. 14,060.0, the maximum value for this IPO is Rs 192,660.0.
This IPO will be allotted on Dec 11, 2025.
The refund will be credited to your account on Dec 12, 2025.
The allotted shares will be credited to your demat on Dec 12, 2025.
Wakefit Innovations Ltd.’s shares listed on the stock exchanges on Dec 15, 2025.