Wakefit Innovations Ltd., one of India’s largest D2C home and sleep solutions brands, is coming out with a ₹1,288.89 crore IPO. The issue includes a fresh issue worth ₹377.18 crore and an offer for sale of ₹911.71 crore.
With a strong presence across mattresses, furniture and home décor, and a fast-growing omnichannel network of 125+ stores, this IPO has generated strong interest among retail investors.
The Wakefit Innovations IPO opens on December 8, 2025 and closes on December 10, 2025, with allotment expected on December 11, 2025 and listing tentatively on December 15, 2025.
The company has fixed a price band of ₹185–₹195 per share, and the minimum lot size is 76 shares, requiring ₹14,820 at the upper band.
Now let’s discuss Wakefit Innovations IPO in detail so you can make an informed investment decision.
Wakefit Innovations IPO Key Details
The following are some of the important and key details about the Wakefit Innovations IPO.
Particular
Details
IPO Date
December 8, 2025 to December 10, 2025
Listing Date
December 15, 2025 (Tentative)
Face Value
₹1 per share
Price Band
₹185 to ₹195 per share
Lot Size
76 shares
Issue Size
6,60,96,866 shares (₹1,288.89 Cr)
Fresh Issue
1,93,42,461 shares (₹377.18 Cr)
Offer for Sale
4,67,54,405 shares (₹911.71 Cr)
Issue Type
Book Building
Listing At
BSE, NSE
Pre-Issue Shares
30,74,86,214
Post-Issue Shares
32,68,28,675
Wakefit Innovations IPO Reservation
The following table shows the IPO quota reserved for each investor category:
Investor Category
Shares Offered
QIB
Not less than 75% of the net offer
Retail
Not more than 10% of the net offer
NII
Not more than 15% of the net offer
Wakefit Innovations IPO Timeline
The following table shows the complete timeline of important IPO events:
Event
Date
IPO Opens
Mon, Dec 8, 2025
IPO Closes
Wed, Dec 10, 2025
Allotment
Thu, Dec 11, 2025
Refunds
Fri, Dec 12, 2025
Shares in Demat
Fri, Dec 12, 2025
Listing
Mon, Dec 15, 2025
UPI Mandate Cut-Off
5 PM on Dec 10, 2025
Wakefit Innovations IPO Lot Size
The following table shows the minimum and maximum investments for retail and HNI investors:
Application
Lots
Shares
Amount
Retail (Min)
1
76
₹14,820
Retail (Max)
13
988
₹1,92,660
S-HNI (Min)
14
1,064
₹2,07,480
S-HNI (Max)
67
5,092
₹9,92,940
B-HNI (Min)
68
5,168
₹10,07,760
Promoters of Wakefit Innovations Ltd.
Below are the promoters of Wakefit Innovations Ltd.:
Ankit Garg
Chaitanya Ramalingegowda
Wakefit Innovations Promoter Holding
The following table shows the promoter holding before and after the IPO:
Particular
Percentage
Promoter Holding Pre-Issue
43.01%
Promoter Holding Post-Issue
36.83%
Wakefit Innovations Ltd. Business Operations
This section highlights the company’s business, history, and operations.
Wakefit Innovations Ltd., founded in 2016, is one of India’s biggest D2C brands in the home and sleep solutions category. The company is widely known for its memory foam mattresses, ergonomic furniture, and home décor products designed to meet the needs of modern Indian households.
Wakefit began as an online-first mattress brand but has expanded into a full-stack home solutions provider with product categories such as:
Mattresses
Furniture
Home furnishings
The company serves customers across 700 districts, covering 28 states and 6 UTs, and operates 125 stores in 62 cities.
Wakefit Product Portfolio
The following are the major product segments offered by Wakefit:
Mattresses
Furniture (beds, sofas, wardrobes)
Furnishings & home décor
Wakefit Competitive Strengths
These points highlight what gives Wakefit Innovations an edge in the industry.
One of the largest and fastest-growing D2C home solutions brands
Strong omnichannel network with high online revenue share
Vertically integrated operations with in-house manufacturing
Efficient supply chain and pan-India logistics
Strong marketing strategy and brand positioning
Wakefit Innovations Financials
The following table shows the financial performance of Wakefit Innovations Ltd:
Period Ended
30 Sep 2025
31 Mar 2025
31 Mar 2024
31 Mar 2023
Assets
1,220.34
1,050.75
928.3
791.8
Total Income
741.3
1,305.43
1,017.33
820.01
Profit After Tax
35.57
-35
-15.05
-145.68
EBITDA
103.19
91
65.85
-85.75
Net Worth
557.34
521
543.61
505.08
Reserves
522.34
500.27
523.33
486.99
Total Borrowing
—
—
7.36
—
Amount in ₹ crore.
Key Performance Indicators (KPI)
The following are the key business ratios of Wakefit Innovations Ltd.
KPI
Value
ROE
-6.58%
ROCE
-0.68%
Debt/Equity
0.53
RoNW
-6.72%
PAT Margin
-2.75%
EBITDA Margin
7.13%
Market Cap
₹6,373.16 Cr
Objects of the Issue
The following table shows how the IPO proceeds will be utilised:
Objective
Amount (₹ Cr)
Setting up 117 new COCO stores
30.84
Lease / license fee for existing stores
161.47
Purchase of new equipment and machinery
15.41
Marketing & advertising
108.4
General corporate purposes
—
Along with the Wakefit IPO, several other companies are coming up with public issues—see the full List of IPOs in December 2025 for details.
Conclusion
Wakefit is a well-recognised consumer brand with strong digital presence, high brand recall and integrated manufacturing. Revenue growth is positive, but profitability has been inconsistent with losses in FY24 and FY25. The company is spending heavily on offline expansion and marketing, which may affect short-term margins.
The valuation will play a major role in determining listing performance. Investors should evaluate risks around negative ROE/ROCE, debt, and competitive pressure from Pepperfry, Urban Ladder, IKEA, Amazon, and Flipkart.
Investors looking for long-term exposure to India’s home improvement sector may consider applying selectively. Conservative or risk-averse investors may wait until clearer profitability trends emerge.
Frequently Asked Questions
Q. What is the Wakefit Innovations Ltd. IPO?
It is a ₹1,288.89 crore book-built IPO consisting of a fresh issue and an OFS.
Q. When does the Wakefit Innovations Ltd. IPO open?
It opens on December 8, 2025 and closes on December 10, 2025.
Q. What is the price band of Wakefit Innovations Ltd. IPO?
The price band is ₹185 to ₹195 per share.
Q. What is the lot size for Wakefit Innovations Ltd. IPO?
The lot size is 76 shares.
Q. How much is the minimum investment for Wakefit Innovations Ltd. IPO?
A retail investor needs ₹14,820.
Q. When will allotment happen for Wakefit Innovations Ltd. IPO?
The allotment is expected on December 11, 2025.
Q. When will Wakefit Innovations Ltd. list on the stock exchanges?
The tentative listing date is December 15, 2025.
Q. Who are the promoters of Wakefit Innovations Ltd.?
The promoters are Ankit Garg and Chaitanya Ramalingegowda.
Q. Where can I check the financials of Wakefit Innovations Ltd.?
You can refer to the company’s RHP for complete restated financial statements.
Q. Is Wakefit Innovations Ltd. IPO good to invest?
It may suit long-term investors who understand the D2C retail market; however, profitability risks should be considered.
Author: Diwakar Singh
Diwakar Kumar Singh is a certified SEO content writer and finance specialist with 7+ years of experience in the BFSI industry. He has written 1,000+ finance articles, published books across seven countries and authored research papers.
In 2018, he was awarded a Gold Medal in Marketing and Finance from IMT Hyderabad. He combines analytical strength with clear communication. Diwakar simplifies complex financial concepts, decodes unlisted shares, analyses IPOs, ratios and company profiles and delivers evidence-backed insights that help investors make informed decisions. communication.
Beyond finance, Diwakar is a dedicated fitness enthusiast and the founder of TheFitnessJournal. He also holds a nutrition certification from ISSA, USA, and writes about health, nutrition and science-backed wellness in a simple and approachable style. His ability to excel in two demanding fields makes him a versatile creator committed to clarity, accuracy and meaningful impact.