Wakefit Innovations IPO Launches on December 8, 2025

Wakefit Innovations, an Indian home furnishings company based in Bengaluru, is preparing to launch its initial public offering (IPO) on 8 December 2025. This public offering aims to attract investments through a fresh issue of equity shares and an offer for sale component. The IPO is set to close on 10 December 2025, giving investors a three-day window to participate.

Key Details of the IPO

The company intends to raise approximately ₹377.17 crore through the issuance of new equity shares, each with a face value of Re 1. The specific total amount targeted from the market has not yet been disclosed, as stated in the company's red herring prospectus (RHP) filed with the Securities and Exchange Board of India (SEBI).

Company Overview

Wakefit Innovations has emerged as one of the fastest-growing brands in India's home furnishings industry, with total income reaching ₹1,000 crore as of 31 March 2024. The company offers a diverse range of products, including mattresses, furniture, and various home accessories, available through its own sales platforms as well as partnerships with e-commerce sites and multi-brand retailers.

Structure of the Offer

The upcoming IPO features a combination of a fresh issue and an offer for sale. The offer for sale will involve a total of 4,67,54,405 equity shares, equating to over 4.67 crore shares being sold by existing shareholders, including the company’s promoters, Ankit Garg and Chaitanya Ramalingegowda.

Use of Proceeds

The funds raised from the IPO will be allocated to several key areas. An estimated ₹30.84 crore will be dedicated to capital expenditure for establishing 117 new retail stores across India. Additionally, ₹161.46 crore is planned for rental expenses associated with the company-owned stores. Wakefit will also invest ₹15.40 crore in new machinery and equipment, while ₹108.40 crore will support marketing and advertising efforts to enhance brand visibility. The remaining funds will be directed towards general corporate purposes.

Important Dates

The company will conduct its anchor investor round on 5 December 2025, shortly before the public bidding opens. Following the closure of the IPO on 10 December, shares are expected to be allocated to investors on 11 December, with a listing on the stock exchanges anticipated by 15 December 2025.

Allocation Details

In terms of share reservations: 75% of the shares are allocated for Qualified Institutional Buyers (QIB), up to 15% for Non-Institutional Investors (NII), and 10% for retail investors. This structure aims to ensure a broad participation base.

Financial Performance

According to the data presented in the RHP, Wakefit Innovations reported a net profit of ₹35.57 crore for the quarter ending September 2025. However, the company also experienced net losses of ₹35 crore and ₹15.05 crore for the fiscal years ending 2024 and 2023, respectively. As of the second quarter of the fiscal year 2025-26, Wakefit's total income stood at ₹741.30 crore, with an annual income of ₹1,305.42 crore for the fiscal year ending March 2025.

Market Context

The IPO comes at a time when the Indian stock market is witnessing various public offerings, reflecting growing investor interest in the retail sector. Analysts advise potential investors to conduct thorough research and consider consulting financial advisors prior to participation in the IPO.

Wakefit Innovations' IPO is positioned to attract a wide array of investors, particularly as the company seeks to expand its footprint in the competitive home furnishings market in India. The upcoming public offering highlights the potential growth opportunities within this vibrant sector, supported by increasing consumer demand for quality home products.