Wakefit Innovations, a Bengaluru-based direct-to-consumer home and furnishings company, will launch its IPO for subscription from 8 December to 10 December 2025.

Wakefit IPO to open on December 8; check price band, issue size, key dates & other details

Wakefit Innovations Launches Rs 1,288.89 Crore IPO for Subscription

Wakefit Innovations, a Bengaluru-based direct-to-consumer home and furnishings company, is set to launch its Rs 1,288.89 crore initial public offering (IPO) for subscription from 8 December to 10 December 2025.

IPO Details

Price Band: Rs 185 - Rs 195 per equity share with a face value of Rs 1 each
Minimum Lot Size: Retail investors - 76 shares, Non-institutional investors (NII) - 1,064 shares, Big Non-institutional investors (bNII) - 5,168 shares
Minimum Investment: Retail investors - Rs 14,820, Non-institutional investors (NII) - Rs 2,07,480, Big Non-institutional investors (bNII) - Rs 10 lakh

The IPO consists of a fresh equity issue worth up to Rs 377.1 crore and an offer for sale (OFS) of 4.67 crore shares by existing shareholders, including key promoters Ankit Garg and Chaitanya Ramalingegowda, as well as other early backers such as Peak XV Partners, Redwood Trust, and Verlinvest S.A.

Investor Allocation

Retail Investors: 10% of the IPO
Qualified Institutional Buyers (QIBs): 75% of the IPO
Non-Institutional Investors (NIIs): 15% of the IPO

Book Running Lead Managers

Axis Capital
IIFL Capital Services
Nomura Financial Advisory and Securities (India)

Net Proceeds Allocation

Opening new COCO stores: Rs 30.8 crore (117 new stores)
Acquiring new equipment and machinery: Rs 15.4 crore
Lease, sub-lease, and licence fee payments: Rs 161.4 crore
Marketing, advertising, and general corporate purposes: Rs 108.4 crore

Financial Highlights

Revenue from operations (FY25): Rs 1,273 crore
Revenue for six months ended 30 September 2025: Rs 724 crore
Profit for six months ended 30 September 2025: Rs 35.5 crore

About Wakefit

Wakefit is one of the fastest-growing homegrown companies in India's organised home and furnishings segment, surpassing Rs 1,000 crore in total income by March 2024. The company operates as a full-stack, vertically integrated entity, overseeing design, manufacturing, distribution, and customer engagement in-house.

Manufacturing Facilities

Wakefit operates five manufacturing facilities: two in Bengaluru, two in Hosur, and one in Sonipat. These sites feature advanced automation, including robotic arms and roller belts, aimed at streamlining production and minimising waste.