Wakefit Innovations IPO opens December 8: Here's a look at objectives, key dates, financials and more

Wakefit Innovations IPO: The initial public offering of home and furnishings company Wakefit Innovations Ltd will launch on December 8. The issue will conclude on December 10, while bidding for anchor investors will occur on December 5. The price band has not been announced yet.

The initial share sale consists of a fresh issue of equity shares worth ₹377.1 crore and an offer-for-sale (OFS) of 4.67 crore shares by the selling shareholders, according to the red herring prospectus (RHP).

Under the OFS, promoters Ankit Garg and Chaitanya Ramalingegowda and other selling shareholders Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, SAI Global India Fund I LLP, Verlinvest S.A. and Paramark KB Fund I will divest shares.

The company will use fresh issue proceeds worth ₹31 crore for establishing 117 new COCO-Regular Stores; ₹15.4 crore to purchase new equipment and machinery; ₹161.4 crore for expenditure on lease and sub-lease rent and license fee payments for existing stores.

Additionally, ₹108.4 crores will be used towards marketing and advertisement expenses, and the remainder of funds for general corporate purposes.

In the pre-IPO funding round earlier this month, Wakefit raised ₹56 crores from DSP India Fund and 360 ONE Equity Opportunities Fund.

Wakefit Innovations IPO: Timeline

Wakefit Innovations IPO: Financials

For the six-month period ended September 2025, Wakefit posted revenue from operations of ₹724 crore and profit after tax of ₹35.57 crore.

About the company

Incorporated in 2016, Wakefit 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 operates five manufacturing facilities, of which two are situated at Bengaluru, Karnataka, two at Hosur, Tamil Nadu, and one at Sonipat, Haryana.

Its facilities are equipped with imported machinery and automation technologies, such as robotic arms and roller belts, which streamline the production process and reduce waste.