Wakefit IPO to Open Next Week: Price Band, Dates, Subscription Details & Key Highlights

The IPO market is set to witness another major listing as Wakefit Innovations, one of India’s fastest-growing home and furnishings brands, gears up to launch its Rs 1,289-crore initial public offering (IPO) next week. The public issue will open for subscription on Monday and will remain open until December 10, marking one of the most awaited offerings of the month.

The Bengaluru-based company, known for its mattresses and home-furnishing products, is preparing to make its market debut at a time when investor appetite for consumer-focused businesses remains strong. The company has also confirmed that Wakefit shares will be allotted on December 11, while the listing is scheduled for December 15.

IPO Price Band and Size

Wakefit has set a price band of Rs 185–195 per share, valuing the company at nearly Rs 6,400 crore at the upper end. The IPO includes a combination of a fresh issue and an offer for sale, with the total size pegged at Rs 1,289 crore.

In a key revision, Wakefit has reduced the size of its fresh issue to Rs 377 crore, down from the earlier planned Rs 468 crore. The price band was officially finalised on Tuesday.

Market observers noted that the IPO’s grey market premium (GMP) is currently flat, indicating a stable but cautious sentiment among retail participants ahead of the opening.

Utilisation of IPO Proceeds

According to the company’s filing, proceeds from the fresh issue will be channelled towards expansion and operational enhancements. The breakup includes:

• Rs 31 crore for establishing 117 new COCO-Regular Stores

• Rs 15.4 crore for the purchase of equipment and machinery

• Rs 161.4 crore for lease-related payments for existing stores

• Rs 108.4 crore dedicated to marketing and advertising to strengthen brand visibility

• The remaining amount will be used for general corporate purposes

These investments underline Wakefit’s aggressive expansion strategy as it strengthens its presence across India’s growing home and décor market.

Also Read: Rupee Hits New Record Low of 89.92 Against US Dollar: What Lies Ahead?

Company Background and Business Model

Founded in 2016, Wakefit has emerged as one of India’s fastest-growing homegrown brands in the organised home and furnishings segment. As of March 31, 2024, the company crossed Rs 1,000 crore in total income, highlighting strong operational and financial growth within just a few years of inception.

Wakefit offers a wide product portfolio that includes:

• Mattresses

• Furniture

• Furnishings

The company sells through a hybrid model, comprising:

• Its own online platform

• COCO (Company-Owned, Company-Operated) stores

• Major e-commerce marketplaces

• Multi-brand outlets in key markets

Vertically Integrated Operations

A key strength of Wakefit’s business model is its end-to-end vertical integration, covering:

• Product design

• Manufacturing

• Distribution

• Customer engagement

This structure gives the company greater control over quality, efficiency, and customer satisfaction.

Manufacturing Capabilities

Wakefit currently operates five manufacturing facilities, equipped with imported machinery and automation systems. These units are located in:

• Bengaluru (two facilities)

• Hosur (two facilities)

• Sonipat (one facility)

The well-distributed manufacturing footprint helps Wakefit meet its growing demand while shortening delivery timelines across regions.

Financial Performance

For the six months ended September 30, 2025, Wakefit reported:

• Revenue from operations: Rs 724 crore

• Net profit: Rs 35.5 crore

The performance demonstrates consistent growth in both revenue and profitability as consumer demand for home and furnishing products remains robust.

Subscription Schedule and Listing Timeline

Here are the key dates investors need to track:

Wakefit IPO Dates

• Opens: Monday

• Closes: December 10

• Anchor Investor Allocation: December 5

• Share Allotment: December 11

• Listing Date: December 15

The listing will take place on both major stock exchanges, marking Wakefit’s official entry into the public markets.

What Investors Should Know?

As one of the largest consumer-facing IPOs in the home and furniture category, Wakefit’s offering is drawing attention for its brand strength, distribution capabilities, and scale-up potential. With a presence across both online and offline channels and a vertically integrated model, the company has positioned itself strongly in a competitive segment.

The unchanged grey market premium indicates steady interest but suggests investors are awaiting subscription trends before setting stronger expectations.

Disclaimer

The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Investors are advised to consult certified financial advisors before making investment decisions.

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