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InvestmentsIPOWakefit Innovations IPO

Wakefit Innovations IPO

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Open Date

8 Dec 2025

Close Date

10 Dec 2025

Min Investment

₹ 14,820

Lot Size

76

Issue Size

₹ 1288.89 Cr

Price Range

₹ 185 - ₹ 195

Subscribed

2.5 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
8 Dec 2025
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IPO Offer Ends
10 Dec 2025
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Allotment Finalisation
11 Dec 2025
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Refund Initialisation
12 Dec 2025
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Non-Institutional Buyers (sHNI)
12 Dec 2025
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Listing of Shares
15 Dec 2025
IPO Subscription Details as on 4 Apr 2026, 10:44 PM
Qualified Instituational Buyers (QiB)
3.04 x
Retail
3.06 x
Total
2.5 x
Non-Institutional Buyer (bHNI)
0.88 x
Non-Institutional Buyer (sHNI)
1.38 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
The company is the largest D2C home and furnishings company in India in terms of revenue in Fiscal 2024, offering a wide range of products including mattresses, furniture, and furnishings through omnichannel presence. The company operates as a full-stack vertically integrated business, controlling every aspect from conceptualizing and designing products to manufacturing, distributing and providing customer experience. The company has evolved from a sleep solutions player into a one-stop destination for comprehensive home and furnishing solutions, being the only D2C company in India that has scaled across all three product categories (mattresses, furniture, and furnishings & d?cor), each generating over ₹1,000 million in revenue in Fiscal 2024.
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Founded In

2016

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CEO

Ankit Garg

Financials of Wakefit Innovations IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue812.62986.351,273.69
Other Income7.3930.9831.74
Total Income
820.011,017.331,305.43
Total Expenses
965.691,032.391,340.43
Profit Before Tax-145.68-15.05-35.00
Total Profit
-145.68-15.05-35.00

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to establish new company-owned company-operated regular stores across multiple cities and districts in India to expand its offline presence and provide customers with hands-on product experience.31
The company intends to fund lease, sub-lease rent and license fee payments for all existing company-owned company-operated regular stores for the financial years 2026, 2027, 2028 and 2029.161
The company plans to purchase new machinery and equipment including beam saw, automatic edge banding machine, drilling center and hot melt adhesive machine to enhance existing manufacturing capabilities at its Hosur facility.15
The company proposes to fund marketing and advertisement campaigns through various platforms including social media, search engines, over-the-top platforms and celebrity collaborations to enhance brand visibility and customer engagement.108
The company intends to deploy the balance net proceeds towards general corporate purposes including strategic initiatives, funding growth opportunities, meeting exigencies and supporting general corporate expenses, subject to not exceeding 25% of gross proceeds.-
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  • Largest and fastest growing D2C home and furnishing solutions destination: The company is the largest D2C home and furnishings company in India in terms of revenue in Fiscal 2024, achieving total income of over ₹10,000 million with revenue growth CAGR of 24.87% from Fiscal 2022 to 2024.
  • Comprehensive home and furnishing solutions brand with a core focus on product innovation: The company is the only D2C home and furnishings company in India that has scaled across all three product categories (mattresses, furniture, and furnishings), each generating over ₹1,000 million in revenue in Fiscal 2024.
  • Full-stack vertically integrated operations with differentiated processes and technical capabilities: The company controls every aspect of operations from conceptualizing, designing and engineering products to manufacturing, distribution and customer experience, operating five manufacturing facilities with advanced automation technologies.
  • Omnichannel sales presence and strategically located store network: The company operates through comprehensive sales network including website and 125 COCO Regular Stores as of September 2025, plus 1,504 MBO stores across 395 cities, reaching customers in over 700 districts.
  • Multi-faceted marketing approach enhancing brand image: The company employs community engagement initiatives like 'Sleep Internship' garnering 40.99 million views, strategic marketing campaigns, celebrity collaborations, and cultural integration to build strong brand relationships and customer loyalty.
  • Business model with a track record of delivering financial growth: The company achieved profit of ₹355.74 million in six months ended September 2025 with PAT margin of 4.91% and EBITDA margin of 14.25%, demonstrating consistent financial growth through operating leverage.

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