The Wakefit Innovations IPO is a mainboard IPO of 6,60,96,866 shares, with a face value of ₹1 per share. The total issue amounts to ₹1,288.89 crore. The bidding begins on December 8, 2025, and closes on December 10, 2025. The allotment is scheduled on December 11, 2025. The listing is expected on December 15, 2025, with the shares listing on both BSE and NSE.
The lot size is 76 shares. The price range is set between ₹185 and ₹195 per share. For retail investors, ₹14,820 is the minimum bid amount. The sNII category will make a minimum investment of ₹2,07,480 for 14 lots. The bNII category will invest a minimum of ₹10,07,760 for 68 lots.
Wakefit Innovations IPO Details
The important information regarding this IPO is as follows:
| Particulars | Details |
| Bidding starts on | December 8, 2025 |
| Bidding ends on | December 10, 2025 |
| Price Band | From ₹185 to ₹195 |
| Face value | ₹1 per share |
| Issue price | – |
| IPO Lot Size | 76 Shares |
| Fresh issue | 1,93,42,461 shares (₹377.18 crore) |
| Offer for sale | 4,67,54,405 shares (₹911.71 crore) |
| Type of Issue | Bookbuilding |
| Total Issue | 6,60,96,866 shares (₹1,288.89 crore) |
| Listing at | NSE, BSE |
| Minimum Investment | ₹14,820 |
Wakefit Innovations IPO Timeline
The schedule of the Wakefit Innovations IPO is given below:
| Particulars | Details |
| Bidding Starts | December 8, 2025 |
| Bidding Ends | December 10, 2025 |
| Scheduled Allotment Date | December 11, 2025 |
| Refunds Start | December 12, 2025 |
| Demat Credit of Shares | December 12, 2025 |
| Expected Listing Date | December 15, 2025 |
| UPI mandate cut-off time | 5 PM on December 10, 2025 |
Wakefit Innovations Key Performance Indicator
The Wakefit Innovations Key Performance Indicators (KPIs) are listed below:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE (%) | – | – | – |
| ROCE (%) | (20.50) | 0.27 | (0.68) |
| Debt Equity (times) | – | – | 0.53 |
| RoNW (%) | (28.84) | (2.77) | (6.72) |
| PAT Margin (%) | (17.93) | (1.53) | (2.75) |
| EBITDA margin (%) | (10.55) | 6.68 | 7.13 |
| Price Book Value | – | – | – |
Wakefit Innovations Financials
The key financials of this company are as follows:
| Particulars (in ₹ million) | 2023 | 2024 | 2025 |
| Revenue | 8,200.09 | 10,173.34 | 13,054.26 |
| Total Asset | 7,918.00 | 9,282.98 | 10,507.50 |
| Profit | (1,456.83) | (150.53) | (350.04) |
Wakefit Innovations IPO Grey Market Premium Today
The Wakefit Innovations IPO Grey Market Premium (GMP) stands at ₹36 today, indicating moderate interest from the grey market. The GMP has been steady, signalling balanced expectations.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 04-12-2025 | ₹36 | ₹231 | 18.46% | Neutral |
| 03-12-2025 | ₹36 | ₹231 | 18.46% | Neutral |
| 02-12-2025 | ₹36 | ₹231 | 18.46% | Increasing |
Note: The GMP data reflects unofficial market activity and is highly sensitive to changes in demand, subscription levels, and market conditions.
Wakefit Innovations IPO Reservation
The Wakefit Innovations IPO reservations are as follows:
| Investor Type | Reservation |
| QIB Shares | Minimum 75% shares |
| NII (HNI) Shares | Maximum 15% shares |
| Retail Shares | Maximum 10% shares |
Lot Size of Wakefit Innovations IPO
The following lot sizes are available for applying in this IPO:
| Application | No. of Lots | No. of Shares | Amount |
| Retail Investors (Minimum) | 1 | 76 | ₹14,820 |
| Retail Investors (Maximum) | 13 | 988 | ₹1,92,660 |
| S-HNI (Minimum) | 14 | 1,064 | ₹2,07,480 |
| S-HNI (Maximum) | 67 | 5,092 | ₹9,92,940 |
| B-HNI (Minimum) | 68 | 5,168 | ₹10,07,760 |
Wakefit Innovations IPO Anchor Investors Details
The details of Wakefit Innovations’ IPO Anchor Investors are listed below:
| Particulars | Details |
| Bidding Starts | December 5, 2025 |
| Shares Offered | 60% of the QIB Portion |
| Anchor Portion Size | – |
| 50% shares lock-in period (30 Days) | January 10, 2026 |
| Remaining shares lock-in (90 Days) | March 11, 2026 |
Wakefit Innovations IPO Prospectus
For additional details, you can check out the files given below:
| Wakefit Innovations IPO DRHP | |
| Wakefit Innovations IPO RHP | |
| Wakefit Innovations IPO Anchor Investors | – |
| Wakefit Innovations IPO Final Prospectus | Not Disclosed |
About Wakefit Innovations
Wakefit Innovations is a home and sleep solutions company, founded in 2016. It produces a variety of goods, including mattresses, furniture, sleep accessories, and home decor. The company is led by its promoters, Mr. Chaitanya Ramalingegowda and Mr. Ankit Garg, who have driven its rapid growth through innovation, a customer-centric approach, and strong execution.
The company has strengthened its presence through an expanding distribution network, in-house manufacturing capabilities, and deep consumer insights. It competes with players like Sheela Foam Ltd., IKEA India Pvt. Ltd., and Duroflex Pvt. Ltd. Wakefit Innovations continues to enhance its market position by scaling its retail footprint, optimising supply chain, and investing in technology, data analytics, and product diversification to increase visibility and customer engagement.
| Lead manager | Axis Capital Ltd. IIFL Capital Services Ltd. Nomura Financial Advisory & Securities (India) Pvt.Ltd. |
| Registrar of the issue | MUFG Intime India Pvt.Ltd. |
Objectives of the Wakefit Innovations
Wakefit Innovations is raising funds to meet the objectives given below:
| S.No. | Objectives | Amount (in ₹ crore) |
| 1 | New store setup | 30.84 |
| 2 | Lease & rental payments | 161.47 |
| 3 | New equipment & machinery | 15.41 |
| 4 | Marketing & advertising | 108.40 |
| 5 | General corporate purposes | – |
Strength Of Wakefit Innovations
Wakefit Innovations’ edge is a result of its innovation-led approach and fully integrated operations. The following core advantages distinguish it from the competitors:
1. Market Leadership
Wakefit is India’s largest and fastest-growing D2C home and furnishings brand, supported by strong revenue expansion and a profitable direct-channel model. Its wide market reach and high market share help to establish a leading position in the market.
2. Product Diversity & Innovation
The company delivers comprehensive home solutions across mattresses, furniture, and decor. Supported by R&D, the company is able to have rapid Stock Keeping Unit (SKU) launches. Products like Regul8 and Track8 reinforce Wakefit’s tech-enabled innovation.
3. Integrated Operations
The company has integrated manufacturing that allows complete control over the production cycle, from the design phase to final delivery. Wakefit Innovations benefits from advanced automation and efficient supply chain systems, which ensure quality, speed, and cost optimisation.
4. Experienced Management
The company’s promoters, along with the skilled management team, bring experience, vision, and structure that drive sustainable growth.
Risk of Wakefit Innovations
Wakefit faces several challenges that could hamper its performance, operational stability, and financial health.
1. Logistics Dependence
The company relies on third-party transport partners for deliveries. Delays, strikes, or product damage can disrupt operations and affect customer experience.
2. Past Losses
Wakefit has reported losses in previous years and continues to face pressure from high expansion, operating, and marketing costs.
3. Legal Exposure
Ongoing legal and regulatory proceedings involving the company, directors, or management may lead to financial or reputational impact.
4. Cybersecurity Risk
The company earns a majority of its revenue through digital channels. Crashes, glitches, or cyber attacks can disrupt operations, lowering customer trust and reducing sales.
Wakefit Innovations IPO Review
Wakefit Innovations IPO presents a solid investment opportunity backed by revenue growth, a dominant market position, and operational efficiency. However, reliance on third-party logistics, past losses, and cybersecurity risks are important factors to be considered. The GMP has been stable, indicating moderate market sentiment.
Overall, the IPO may suit investors seeking long-term opportunities in India’s home and furnishings market.
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Wakefit Innovations IPO FAQs
Wakefit Innovations IPO is a mainboard IPO consisting of 6,60,96,866 shares aggregating up to ₹1,288.89 crore.
The IPO shows strong growth potential but also carries operational and financial risks, making its suitability dependent on each investor’s risk tolerance.
The GMP value of ₹36 makes the Wakefit Innovations IPO’s expected returns around 18.46%.
The Wakefit Innovations IPO opens on December 8, 2025.
The lot size of Wakefit Innovations IPO is 76 shares.
You can apply for the Wakefit Innovations IPO through your broker app using UPI or via the ASBA facility in your bank.
The allotment for Wakefit Innovations IPO is December 11, 2025.
The Wakefit Innovations IPO will list on December 15, 2025.
