Wakefit Innovations' IPO opened for subscription on December 8. The company will raise ₹1,288.9 crore, including ₹377.18 crore from fresh shares and ₹911.71 crore from OFS. The funds will be utilized for expansion and operational plans.
Wakefit Innovations IPO: Direct-to-consumer (D2C) home and sleep solutions company Wakefit Innovations' Initial Public Offering (IPO) opened for public subscription on Monday, December 8, 2025. The company plans to raise a total of ₹1,288.9 crore through this IPO. Out of this amount, ₹377.18 crore will be raised through a fresh issue of new shares, and ₹911.71 crore will be raised through an Offer for Sale (OFS). The funds raised from the IPO will be used for the company's expansion and operational plans.
Prior to the IPO, Wakefit Innovations had raised approximately ₹580 crore under the anchor booking from 33 institutional investors. Prominent among the anchor investors are major mutual funds and investment entities, including HDFC MF, Axis MF, Nippon Life India, Mirae Asset, Tata MF, HSBC MF, Edelweiss, Mahindra Manulife, Prudential Hong Kong, Amundi Funds, Steadview Capital, Ashoka WhiteOak, HDFC Life Insurance, 360 ONE, and Bajaj Life Insurance. A total of 29.7 lakh shares have been allocated to these investors at the upper price band of ₹185 to ₹195 per share.
Objectives of Wakefit Innovations IPO
The primary objective of the IPO is to fulfill the company's expansion and operational plans. This includes ₹30.8 crore for opening new COCO regular stores, ₹161.5 crore for lease, sublease, and license fee payments for existing COCO stores, ₹15.4 crore for purchasing new equipment and machinery, and ₹108.4 crore will be spent on marketing and advertising.
Additionally, the remaining funds will be used for general corporate purposes. This plan is considered a significant step towards the company's business expansion and strengthening its market presence.
Financial Performance of Wakefit Innovations
According to SBI Securities, Wakefit Innovations has recorded a revenue CAGR of approximately 25 percent over the last three years. The company reported positive EBITDA in FY24 and positive PAT in H1FY26. However, according to the brokerage house, the IPO's EV/Sales at the upper price band of ₹195 is 4.7x, which appears expensive compared to listed peer companies. Due to this, SBI Securities has advised investors to refrain from investing in the IPO for now and track the company's performance after listing.
Grey Market Premium (GMP) and Market Conditions
According to unofficial market sources, Wakefit Innovations' unlisted shares were trading at ₹231, which is ₹36 or 18.5 percent higher than the upper price band of ₹195. This Grey Market Premium indicates early enthusiasm among investors and potential listing gains. However, GMP is always an unofficial indicator, so the final investment decision should be made after considering the company's performance and market conditions.
Key Information of Wakefit IPO
The important details of the Wakefit Innovations IPO are as follows. The subscription opening date is December 8, 2025, and the closing date is set for December 10, 2025. Share allocation will be announced by December 11, 2025, and the listing date will be on December 15, 2025, on NSE and BSE.
The IPO's price band is ₹185 to ₹195 per share, and the lot size is fixed at 76 shares. MUFG Intime India will act as the registrar, while the lead managers include Axis Capital, IIFL Capital Services, and Nomura Financial Advisory & Securities (India).
