Wakefit Innovations IPO: Key Details & Company Overview
Wakefit Innovations, India's largest direct-to-consumer (D2C) home and furnishings company, is gearing up for its Initial Public Offering (IPO). The company received approval from the Securities and Exchange Board of India (SEBI) on October 3, 2025, and is expected to announce the IPO dates soon. The public issue will consist of a fresh issue of shares worth Rs 468.22 crore and an Offer for Sale (OFS) of up to 5.84 crore equity shares by existing shareholders.?
About Wakefit Innovations Ltd.
Founded in 2016, Wakefit has rapidly grown to become a leading omnichannel brand in India's home solutions market. The company operates a full-stack, vertically integrated business, controlling everything from product design and manufacturing to distribution and customer experience.?
Key Business Highlights
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Product Portfolio: Wakefit offers a comprehensive range of home products across three main categories:?
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Mattresses: Including memory foam, latex, and smart sleep technology products.
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Furniture: Featuring beds, sofas, wardrobes, dining sets, and office furniture.
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Furnishings: Comprising pillows, home essentials, decor, and kitchenware.
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Market Position: The company is recognized as India's largest D2C home and furnishings company by revenue in fiscal year 2024. It is also one of the top three organized mattress brands and a leading D2C player in flat-pack furniture.?
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Omnichannel Presence: As of December 2024, Wakefit operated 98 company-owned stores and had a presence in 1,107 multi-brand stores across 24 states. This is supported by a robust supply chain network with five manufacturing facilities and multiple warehouses and delivery points.?
Wakefit Innovations IPO Details
While the IPO dates and price band are yet to be announced, key details from the Draft Red Herring Prospectus (DRHP) are as follows:
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IPO Dates: To be announced
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Listing Date: To be announced
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Issue Size: A combination of a fresh issue and an OFS.
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Fresh Issue: Rs 468.22 crore.?
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Offer for Sale (OFS): Up to 5.84 crore equity shares.?
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Listing: The shares are proposed to be listed on both the BSE and NSE.?
IPO Structure & Promoters
The OFS component will see promoters Ankit Garg and Chaitanya Ramalingegowda, along with key investors like Peak XV Partners (formerly Sequoia Capital) and Verlinvest S.A., offloading a portion of their stakes. The issue is being managed by Axis Capital, IIFL Capital Services, and Nomura Financial Advisory and Securities, with MUFG Intime India acting as the registrar.?
Use of IPO Proceeds
The net proceeds from the fresh issue of shares will be utilised for the company's aggressive expansion and growth plans:?
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Retail Expansion: A significant portion, Rs 82.16 crore, will be used as capital expenditure to set up 117 new company-owned stores.
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Store Operations: Rs 145.20 crore is allocated for lease and rent payments for existing stores.
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Marketing and Branding: Rs 108.40 crore will be used for marketing and advertising expenses to enhance brand visibility.
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Equipment Purchase: Rs 15.41 crore will be invested in new equipment and machinery.
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General Corporate Purposes: The remaining funds will be used for general corporate purposes.
Financial Highlights
Wakefit has demonstrated strong growth, with its revenue growing at a CAGR of 24.87% between FY22 and FY24. The company reported revenue of over Rs 800 crore in fiscal year 2024. While the company has incurred losses in the past, a common trait for high-growth D2C brands, it has also achieved profitability, showcasing its operational efficiency and strong market acceptance.?
Frequently Asked Questions (FAQs) about Wakefit Innovations IPO
Q1: What does Wakefit Innovations do?
Wakefit is India's largest D2C company specialising in home and furnishing solutions, including mattresses, furniture, and home decor, sold through an omnichannel model.?
Q2: What is the size of the Wakefit IPO?
The IPO comprises a fresh issue of shares worth Rs 468.22 crore and an Offer for Sale of up to 5.84 crore shares by existing shareholders.?
Q3: When will the Wakefit IPO open?
The IPO dates, along with the price band and lot size, are yet to be announced. The company received SEBI approval for the IPO on October 3, 2025.?
Q4: How will the IPO funds be used?
The proceeds from the fresh issue will be primarily used for expanding the company's retail footprint, marketing, and funding operational expenses for its stores.