Wakefit Innovations IPO: Check IPO Date, Live Subscription and Key Details
Wakefit Innovations Limited, established in 2016, is a prominent Indian Direct-to-Consumer (D2C) brand specializing in home and sleep solutions, including mattresses, furniture, and furnishings. The company operates a full-stack vertically integrated model complemented by an expanding omnichannel network of 125 physical stores. After historical losses, the company achieved a major financial turnaround, reporting a significant net profit in H1 FY26.
Price Range
₹185.0 - ₹195.0
Issue Size
₹1,288.89 Cr
Lot Size
76 shares
IPO Type
Mainboard
GMP
₹4(+2.05%)
Est. Listing Price
₹199
Estimate Profit
₹304
Retail Portion
10%
Key Metrics
Check Live GMPGMPFace Value
₹1
EPS
-1.15
P/E Ratio
0
RoNW
-6.72%
ROE
-6.58%
Debt to Equity
0.01
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Timeline
IPO Opens
8 Dec
IPO Closes
10 Dec
Allotment
11 Dec
Listing
15 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 8 December 2025 | Subscription starts |
| IPO Close Date | 10 December 2025 | Subscription ends |
| Allotment Date | 11 December 2025 | Allotment |
| Listing Date | 15 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,820 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,92,660 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,07,480 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,92,940 |
BHNIAbove ₹10,00,000 | 68 | ₹10,07,760 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 75% |
| NII (Non-Institutional Investor) | 15% |
| Retail | 10% |
| Total | 100.00% |
IPO Objectives
- Capital expenditure to be incurred by our Company for setting up of 117 new COCO – Regular Stores (₹30.84 Cr).
- Expenditure for lease, sub-lease rent and license fee payments for our existing COCO – Regular Stores (₹161.47 Cr).
- Capital expenditure to be incurred by our Company for purchase of new equipment and machinery (₹15.41 Cr).
- Marketing and advertisement expenses toward enhancing the awareness and visibility of our brand (₹108.40 Cr).
- General corporate purposes.
Strengths
- The company is the Largest and fastest growing D2C home and furnishing solutions brand, with strong market positioning and brand recall.
- It benefits from full-stack vertically integrated operations, which ensure control over quality, costs, and supply chain efficiency.
- The business made a successful pivot to Omnichannel sales (online + 125 physical stores) to increase customer trust and drive conversions.
- It has demonstrated a profitability turnaround (PAT of ₹35.57 Cr in H1 FY26), indicating effective control over operating leverage and unit economics.
- The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.01 in FY25, providing high financial stability.
Weaknesses
- The company has a historical Net Loss status (FY23-FY25), and the IPO is priced at an aggressive 89.86x P/E, relying solely on recent, annualized profits.
- The high marketing expenditure (₹108.40 Cr planned) is necessary to sustain the D2C model and combat intense competition, indicating high customer acquisition costs.
- A significant cost allocation (₹161.47 Cr) toward lease/rent payments for existing stores represents a major fixed cost burden.
- The Offer for Sale (OFS) component of ₹911.71 Cr forms the majority of the issue, limiting the fresh capital available for direct business growth.
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Financial Performance
| Period Ended |
|---|
| Assets (₹ Cr.) |
| Revenue (₹ Cr.) |
| PAT (₹ Cr.) |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0x | 3.04x |
| NII | 0.07x | 0.25x | 1.05x |
| S-HNI | 0.15x | 0.48x | 1.41x |
| B-HNI | 0.03x | 0.13x | 0.88x |
| RII | 0.77x | 1.82x | 3.17x |
| Total | 0.16x | 0.4x | 2.52x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,98,29,060 | 6,02,46,188 | 1,174.8 |
| NII | 99,14,530 | 1,04,51,748 | 203.81 |
| Small NII | 33,04,843 | 46,63,664 | 90.94 |
| Big NII | 66,09,687 | 57,88,084 | 112.87 |
| RII | 66,09,687 | 2,09,74,708 | 409.01 |
| Total | 3,63,53,277 | 9,16,72,644 | 1,787.62 |
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Company Details
- Wakefit Innovations Ltd.
- Umiya Emporium, 97-99, 2nd and 4th Floor, Adugodi, Tavarekere, Opp. Forum Mall, Hosur Road, Bengaluru, Karnataka, 560029
- 080 67335544
- investorscompliance@wakefit.co
- http://www.wakefit.co/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- wakefitinnovations.ipo@in.mpms.mufg.com
- https://linkintime.co.in/Initial_Offer/public-issues.html
Frequently Asked Questions
What is the core business model of Wakefit Innovations?
Wakefit Innovations is a Direct-to-Consumer (D2C) brand offering a wide range of home and sleep solutions, including mattresses, sofas, beds, and décor, through a digital-first model supported by 125 physical stores.
When will the Wakefit Innovations IPO be open for public subscription?
The Wakefit Innovations IPO will open on December 8, 2025, and the subscription window will close on December 10, 2025.
What is the IPO price band and tentative listing date?
The price band is ₹185.00 to ₹195.00 per share, and the tentative listing date on the BSE and NSE is December 15, 2025.
What are the main objectives of the ₹377.18 Cr Fresh Issue?
The net proceeds are mainly allocated for lease/rent of existing stores (₹161.47 Cr), marketing and advertisement expenses (₹108.40 Cr), and setting up 117 new COCO stores (₹30.84 Cr).
What are the key financial metrics for the IPO valuation?
The IPO is valued at a high P/E ratio of approximately 89.86x based on the annualized profits of H1 FY26, reflecting a premium valuation for future growth.
Is the Wakefit IPO a Fresh Issue or Offer for Sale (OFS)?
It is a combination issue. The majority of the issue is an OFS (₹911.71 Cr), allowing early investors to exit, while the Fresh Issue (₹377.18 Cr) will go to the company for expansion.
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