Wakefit IPO Price Band, Dates, & Analysis: Should You Apply?

Wakefit IPO Price Band: Everything You Need to Know

Wakefit Innovations has announced the price band for its initial public offering (IPO), which is scheduled to open next week. The company, a leading manufacturer of mattresses and furniture, plans to raise Rs 1,288.89 crore through its public issue.

Wakefit Innovations IPO: Offer Size and Price Band

• Offer Size: Rs 1,288.89 crore
• Price Band: Rs 185-195 per share
• Minimum Lot Size: One lot consisting of 76 shares aggregating to a minimum investment of Rs 14,820
• Offer for Sale (OFS): 46.80 million shares amounting to Rs 911.71 crore
• Fresh Issue: 19.30 million shares aggregating to Rs 377.18 crore

Wakefit IPO: Subscription Window, Allotment Date, Listing Date

The subscription window for Wakefit Innovations’ IPO is scheduled to open on December 8 and close on December 10. The basis of allotment for shares is expected to be determined on December 11, with successful bidders receiving the shares in their demat accounts on December 12. The shares are slated to list on the BSE and NSE on December 15.

Wakefit Innovations’ Financial Performance

Wakefit Innovations’ total income increased by over 28 per cent to Rs 1,305.43 crore in the financial year ending March 31, 2025, compared to Rs 1,017.33 crore in the preceding fiscal. The company turned profitable in FY 2024-25, with its net profit recorded at Rs 35.57 crore compared to a net loss of Rs 35 crore in FY 2023-24.

Wakefit Innovations: Business Model

Wakefit Innovations manufactures and sells products within the home decor and furnishings category. The company sells its products, such as mattresses, furniture, and furnishings, through its omni-channel presence catering to both online and offline customers. The company is a full-stack player as it claims to do the conceptualisation, design, manufacturing and distribution of its products by itself.

Wakefit Innovations: Competitors

Wakefit Innovations mentioned in its red herring prospectus (RHP) that the home and furnishings industry in India is competitive, fragmented and largely unorganised. The company competes with smaller unorganised players and with large players, such as Lifestyle International, Godrej and Boyce Manufacturing, Sheela Foam, IKEA India, Duroflex, D’Décor Home Fabrics and Royaloak Incorporation.

Wakefit Innovations IPO: Should You Apply?

Wakefit Innovations plans to use the funds for the setting up of 117 new co-owned, co-operated (COCO) regular stores. The proceeds will also be used for the leasing of the COCO stores and for license fee payments related to existing COCO stores. In addition, the company also plans to use the funds for purchasing new equipment and machinery, marketing and advertisement expenses, and general corporate purposes.