Wakefit shares are slated to list on the stock exchanges on December 15.

Wakefit IPO to open for bidding next week; price band, subscription dates-here’s all you need to know

Wakefit Innovations' Maiden IPO Opens for Public Subscription

The highly anticipated initial public offering (IPO) of Wakefit Innovations is set to begin on Monday, with a massive issue size pegged at Rs 1,289 crore.

The Bengaluru-based home and furnishings company has fixed a price band of Rs 185–195 per share for its maiden share sale, valuing the firm at nearly Rs 6,400 crore. The IPO will close on December 10, while allocation to anchor investors is scheduled for December 5.

Objectives of the IPO Proceeds

Setting up 117 new COCO-Regular Stores (Rs 31 crore)
Purchase of equipment and machinery (Rs 15.4 crore)
Lease-related payments for existing stores (Rs 161.4 crore)
Marketing and advertising to strengthen brand visibility (Rs 108.4 crore)
General corporate purposes (balance)

Key Highlights of Wakefit's IPO

The company has revised the size of its fresh issue to up to Rs 377 crore (previously Rs 468 crore).
The price band was finalised on Tuesday.
The grey market premium is currently flat.

About Wakefit Innovations

Incorporated in 2016, Wakefit is among the fastest-growing homegrown players in the organised home and furnishings segment to cross Rs 1,000 crore in total income as of March 31, 2024.

Business Operations

The company operates as a vertically integrated entity involved in designing, manufacturing, distribution, and customer engagement.
Wakefit runs five manufacturing facilities — two in Bengaluru, two in Hosur, and one in Sonipat — equipped with imported machinery and automation systems.