Wakefit IPO Day 3: Check Latest GMP, Subscription Status & Key Highlights
The ₹1,288.89 crore initial public offering (IPO) of Wakefit enters its final day of bidding today, 10 December 2025. Till the end of day 2, the IPO received a total subscription of 0.39 times.
Wakefit IPO: Issue Details
- Issue Size: The Wakefit IPO is a book-building issue of ₹1,288.89 crore, consisting of a fresh issue of ₹377.18 crore and an offer for sale (OFS) of ₹911.71 crore.
- Price Band: The price band is set at ₹185-₹195 per share.
- Lot Size: 76 shares
- Minimum Investment: ₹14,060 per lot for retail investors
- Book-running lead managers: Axis Capital Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited.
- Registrar: MUFG Intime India Private Limited.
- Listing: The shares are proposed to be listed on the NSE and the BSE on December 15, 2025.
Wakefit IPO Day 3: Subscription Details
[10-December-2025 11:06:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.35 |
|
Retail Individual Investors (RIIs) |
2.14 |
|
Total |
0.48 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund capital expenditure towards
- Setting up of 117 new COCO - Regular Stores
- Lease, sub-lease, rent and licence fee payments for existing COCO - Regular Stores
- Purchase of new equipment and machinery
- Marketing and advertising expenses
- General corporate purposes
Wakefit IPO GMP
According to media reports, the Grey Market Premium (GMP) of the Wakefit IPO is reported at ₹2 over the IPO price. The shares are expected to list at around a 1% premium.
Wakefit Business Overview
Wakefit is India’s leading direct-to-consumer (D2C) home and sleep solutions company that offers mattresses, furniture, furnishings, and home improvement products. The company has recorded the highest revenue in FY 2024 among its peers (Source: Redseer Report) and has become the fastest homegrown player in the organised segment to surpass ₹1000 crore in total income as of March 31, 2024.
Wakefit operates as a fully integrated end-to-end company, managing everything from product design and engineering to manufacturing, logistics, customer engagement, and after-sales experience.
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