Wakefit Innovations, a well-known name in mattresses and furniture, is set to enter the stock market.
Its Initial Public Offering (IPO) will open on December 8, 2025, giving investors a chance to buy shares in this growing home and furnishings brand.
Let’s break down everything you need to know about Wakefit’s IPO.
IPO Dates, Allotment, and Listing
Opening Date: December 8, 2025
Closing Date: December 10, 2025
Anchor Book Round: December 5, 2025
Allotment Date: December 11, 2025
Listing Date: December 15, 2025, on BSE and NSE
This short window means investors need to plan quickly if they want to subscribe.
IPO Structure: Fresh Issue and OFS
Wakefit’s IPO has two components:
Fresh Issue: The company aims to raise Rs 377 crore for growth and expansion.
Offer for Sale (OFS): Existing investors and promoters will sell a portion of their shares, including Peak XV Partners, Redwood Trust, Verlinvest, SAI Global India Fund, and Paramark KB Fund.
Promoters Ankit Garg and Chaitanya Ramalingegowda will also offload some holdings.
Shareholding Snapshot
Before the IPO:
Ankit Garg: 33%+ stake
Peak XV Partners: 22%+ stake
Verlinvest, Investcorp, Chaitanya Ramalingegowda: Single-digit stakes
Wakefit also raised around Rs 56 crore through a pre-IPO placement with DSP India Fund and 360 ONE Equity Opportunities Fund.
How Wakefit Plans to Use the Funds
The company will use the fresh issue proceeds to strengthen and expand its business:
New Stores: Rs 30 crore to set up 117 COCO (Company-Owned, Company-Operated) stores
Existing Store Expenses: Rs 160+ crore for rent and related payments
Equipment & Machinery: Rs 15 crore for upgrades
Marketing & Advertising: Over Rs 100 crore to boost brand visibility
General Corporate Purposes: Remaining funds
Business Overview
Founded in 2016, Wakefit started as a sleep-solutions company and has grown into a full-fledged home and furniture brand.
Its offerings include mattresses, furniture, décor, and furnishings.
In the six months ending September 2025, Wakefit reported:
Revenue: Rs 724 crore
Profit: Rs 35.5 crore
Lead Managers for the IPO: Axis Capital, IIFL Capital Services, and Nomura Financial Advisory and Securities.
