Wakefit Innovations IPO

Wakefit Innovations Limited is India’s largest D2C home and furnishings company by revenue in FY24, offering a variety of products across mattresses, furniture, and furnishings through an omnichannel presence. Founded in 2016, the business has expanded quickly, growing at a CAGR of 24.87% between FY22 and FY24, roughly 1.6× faster than its organised peers. The company operated 1,107 multi-brand stores in 24 states and 3 union territories as of December 31, 2024, in addition to 98 company-owned stores and 4 locations spread across 35 cities in 18 states and 2 UTs.

The company ranks among the top three organised mattress brands and one of the top two D2C players in flat-pack furniture in India. It launched 3,070 and 2,333 SKUs across all its categories in FY25 and FY24, respectively. The company has introduced advanced sleep tech products like Regul8 and Track8. Its supply chain network included 1 mother warehouse in Hosur, 7 inventory holding points (INHPs), and 14 points of delivery (PODs) as of December 31, 2024. It operates five manufacturing facilities, of which two are situated in Karnataka, two at Hosur, Tamil Nadu and one in Sonipat, Haryana.

The company received SEBI approval for the IPO in October 2025. The company wants to raise ₹468.22 crore through book building, which includes fresh issues worth ₹468.22 crores and an offer for sale of up to 58,399,085 Equity Shares of face value of ₹1 each. Axis Capital Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited are book-building lead managers.