Wakefit Innovations Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹185 - ₹195
- Lot size
- 76 shares
- Issue amount
- ₹1,288.89 cr
- Total subscription
- 2.52×
- Opens
- 8 Dec 2025
- Closes
- 10 Dec 2025
- Allotment
- 11 Dec 2025
- Listing
- 15 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 6,60,96,867 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,060
- Fresh issue
- ₹377.18 cr
- Offer for sale
- ₹911.71 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,820
- Issue type
- Bookbuilding IPO
- Shares before issue
- 30,74,86,214
- Shares after issue
- 32,68,28,675
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 76 | ₹14,820 |
| sHNI | 14 | 1,064 | ₹2,07,480 |
| bHNI | 68 | 5,168 | ₹10,07,760 |
Share reservation
Subscription & GMP
Subscription by category
Reported 10 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 86,970 | 2,30,396 |
| HNIs(10L +) | 6,212 | 635 |
| HNIs (2-10L) | 3,106 | 3,940 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 386.67 | 1,174.8 |
| Others | 0 | 0.23 |
| RETAIL | 128.89 | 409.01 |
| NIB | 193.33 | 203.41 |
| HNIs 2+ | 64.44 | 90.94 |
| HNIs 10+ | 128.89 | 112.87 |
| HNIs | 193.33 | 203.81 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 1.15 | -1.15 | -0.5 | -5.62 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 6.04 | -0.68 | 0.27 | -20.5 |
| RONW | 6.38 | -6.72 | -2.77 | -28.84 |
| PRE IPO(PE) | 0 | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Wakefit Innovations Ltd | 0 | 0 | 1.00 | 16.96 | -6.72 | -1.15 |
| Sheela Foam Limited | 77.26 | 683.00 | 5.00 | 278.35 | 2.98 | 8.84 |
Company information
Company profile
Wakefit Innovations Limited, founded in 2016, is a leading Indian Direct-to-Consumer home and sleep solutions company known for offering high-quality and affordable mattresses, furniture, and home décor products. The company first became popular with memory foam mattresses sold online at competitive prices by removing middlemen and later expanded into pillows, beds, sofas, wardrobes, study tables, and furnishings to meet the needs of modern households. Wakefit primarily sells through digital platforms supported by strong logistics and customer service, delivering products to customers across 700 districts in India, and as of September 30, 2025, it also operates 125 stores in 62 cities across 19 states and 2 union territories.
Strengths
- Leading and Rapidly Expanding D2C Home Solutions Brand: Wakefit stands as India’s top D2C home and furnishings company based on FY24 revenue, supported by a strong upward growth trajectory. In less than a decade of operations, it became the fastest homegrown brand to exceed ₹10,000 million in total income, delivering a solid 24.87% CAGR—well ahead of the broader industry performance. (Source: Redseer Report)
- Diverse Home & Furnishing Portfolio with Strong Innovation Capability: The company offers a complete range of home solutions including mattresses, furniture, and furnishings—each category generating ₹1,000 million+ revenue in FY24. Wakefit is among the top three organized mattress brands in India and the largest online mattress seller, driven by continuous product innovation and effective cross-selling across its categories.
- Omnichannel Distribution Supported by Strategic Retail Network: Wakefit integrates its digital platforms with a fast-growing network of exclusive brand stores and multi-brand outlets to offer a seamless buying experience. This hybrid model improves customer accessibility, enhances brand recall, and strengthens its competitive positioning over traditional offline players.
Risk factors
- High Dependence on Brand Strength and Market Perception: Wakefit’s performance is significantly tied to the reputation and customer trust in its brand. Any negative event—such as poor service experience, adverse publicity, or ineffective promotional strategies—may weaken brand equity and directly affect demand, revenue, and profitability.
- Revenue Concentration in Owned Sales Channels: A substantial portion of Wakefit’s business comes through its proprietary channels like the company website and COCO stores. Any operational challenges—whether platform outages, cybersecurity breaches, or delays in retail expansion—can immediately impact customer orders, satisfaction, and financial outcomes.
- Legal and Regulatory Risks Impacting Business Stability: The company and key personnel, including Promoters and Directors, are subject to ongoing legal and compliance-related proceedings. Any unfavorable ruling or regulatory action may negatively influence business operations, reputation, liquidity, and overall financial health.
Promoters
Ankit Garg
Chaitanya Ramalingegowda
Registrar & documents
Lead manager
Axis Capital Limited, IIFL Capital Services Limited, Nomura Financial Advisory
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Umiya Emporium, 97-99, 2 nd and 4th Floor, Adugodi, Tavarekere, Opp. Forum Mall, Hosur Road, Bengaluru, Karnataka, 560029
080 67335544
[email protected]Company website ↗Understanding WAKEFIT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.