Wakefit Innovations IPO to Open on December 8: Check Issue Size, Price Band & Key Details

Wakefit Innovations Ltd is opening its Initial Public Offering (IPO) on December 8, 2025. The bidding window for public subscription will be open from December 8 to December 10, 2025.

The allotment process for the Wakefit IPO is expected to be finalised on December 11, 2025. The shares of Wakefit Innovations Ltd will be listed on both NSE and BSE, with a tentative listing date set for December 15, 2025.  The company filed its Red Herring Prospectus (RHP) on November 29, 2025, for its IPO.

Founded in 2016 by Ankit Garg, Wakefit Innovations designs, manufactures, and sells mattresses, furniture, and home furnishings. Its product range also includes memory foam, latex, and spring mattresses with options such as dual comfort, roll-up, and foldable models. 

Wakefit IPO Details

• Issue Structure: As per the RHP, the Wakefit IPO is a book-building issue of ₹1,288.89 crores, comprising a fresh issue of 1.93 crore shares aggregating to ₹377.18 crores and an offer-for-sale of 4.68 crore shares aggregating to ₹911.71 crores.
• Price Band: The price band is set between ₹185 and ₹195 per share.
• Lot Size (for retail investors): 76 shares per lot
• Minimum Investment (for retail investors): ₹14,820 per lot as per the upper band
• Allotment & Listing: The basis of allotment will be finalised by December 11, 2025, and the tentative listing on BSE and NSE is scheduled for December 15, 2025.
• Book-running Lead Managers: Axis Capital Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), and Nomura Financial Advisory and Securities (India) Private Limited are the book-running lead managers for the Wakefit Innovations IPO.
• Registrar: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited).

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Use of Proceeds

The Company will utilise the net proceeds from the fresh issue towards the following purposes:

• Capital expenditure to be incurred by the Company for setting up 117 new COCO – Regular Stores;
•  Expenditure for lease, sub-lease rent and license fee payments for the existing COCO – Regular Stores;
• Capital expenditure to be incurred by the Company for the purchase of new equipment and machinery;
• Marketing and advertising expenses towards enhancing the awareness and visibility of the brand; and
• General corporate purposes.

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About Wakefit Innovations Ltd

Wakefit Innovations Ltd is a Bengaluru-based “sleep & home solutions” company that began in 2016, offering mattresses and has since expanded into furniture and home-furnishing products. The company sells directly to consumers (D2C) through its website and also operates offline stores. As of September 30, 2025, it has expanded its retail presence to 125 company-owned stores and 1,504 multi-brand outlets across multiple states.

Wakefit’s offerings include mattresses, beds, sofas, wardrobes, tables, seating, kids’ furniture, pillows, rugs, curtains, kitchenware, décor items, and other household essentials. Its mattress product range also includes memory foam, latex, and spring mattresses with options such as dual comfort, roll-up, and foldable models.

Wakefit’s total operating revenue rose to nearly ₹1,274 crore in FY25 from ₹986 crore in FY24, nearly a 30% year-on-year growth, and its total income for FY25 came to around ₹1,305 crore. 

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