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  5. Wakefit Innovations IPO: Issue booked 39% on day 2, retail investors portion fully subscribed; check category-wise status

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Wakefit Innovations IPO: Issue booked 39% on day 2, retail investors portion fully subscribed; check category-wise status

Ahana Chatterjee - image.jpg
By Ahana Chatterjee

3 min read | Updated on December 09, 2025, 18:36 IST

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SUMMARY

Until 5 PM, the issue has received bids for 14,181,448 shares compared to 36,353,276 shares on offer, according to the NSE data

Wakefit is India's largest D2C home and furnishings company in terms of revenue in the financial year 2023-24, according to the Redseer Report.

Wakefit is India's largest D2C home and furnishings company in terms of revenue in the financial year 2023-24, according to the Redseer Report.

The initial public offering of Wakefit Industries, which specialises in home furnishings, has seen a total subscription of 0.39 by the end of its second day of subscription on Tuesday, December 9.

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Until 5 PM, the issue has received bids for 14,181,448 shares compared to 36,353,276 shares on offer, according to the NSE data.

  • Qualified Institutional Buyers (QIBs): 0.00x

  • Non-institutional Investors: 0.25x

  • Retail Individual Investors (RIIs): 1.77x

The minimum lot size for an application is 76 shares, and an investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹1,288.89 crore.

About the IPO

The IPO includes a fresh issue and an offer for sale (OFS), and the price band has been set between ₹185 and ₹195 per share.

It is a book-building issue, comprising a fresh issue of ₹377.18 crore and an offer for sale of ₹911.71 crore.

Wakefit Innovations Limited IPO Objective

The money raised from the IPO will be used towards the following objectives:

Capital expenditure (12.2%): The company will use ₹30.84 crore to set up 117 new COCO-regular stores and ₹15.41 crore towards the purchase of new equipment and machinery.
Expenditure towards lease payment (42.8%): The company will use ₹161.46 crore for lease, rent and licence fee payments for its existing stores.
Marketing and advertising expenses (28.7%): The company will use ₹108.40 crore for marketing and advertising expenses to increase brand awareness.
General corporate purposes (16.3%): Part of the IPO proceeds will be used for general corporate purposes. The amount to be utilised shall not exceed 25% of the gross proceeds.

Wakefit Innovations IPO: Important dates

Wakefit Innovations Limited IPO will close on December 10, 2025. After this, investors are expected to be updated about the allotment status on December 11, 2025. 

Investors who have been allotted shares can expect them to be credited to their demat account on December 12, 2025. The shares will be listed on the NSE and the BSE on Monday, December 15, 2025.

About Wakefit Innovations

Wakefit, which was incorporated in 2016, is one of the fastest homegrown players in the home and furnishings market in India among organised peers to achieve a total income of more than ₹1,000 crore as of March 31, 2024.

It has a wide range of mattresses, furniture, and furnishings, which it sells through both its own channels (comprising the website and COCO-Stores) and external channels (including various marketplaces, such as major e-commerce platforms and multi-branded outlets).

Wakefit Innovations IPO GMP

According to investorgain.com and media reports, Wakefit Innovation’s unlisted shares are trading at ₹195.15 per share, reflecting a grey market premium (GMP) of 2.56% over the upper price band of ₹195.
Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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