Wakefit Innovations Ltd., India's largest direct-to-consumer (D2C) home and furnishings brand, has launched its Initial Public Offering (IPO) today, December 8, 2025. This mainboard issue marks a significant milestone for the Bengaluru-based company as it seeks to raise capital for expansion and provide a partial exit for early investors.
Here are five essential details investors need to know before subscribing to the issue:
1. Issue Dates and Listing Details
The Wakefit IPO window is open for three days:
- Opening Date: Monday, December 8, 2025
- Closing Date: Wednesday, December 10, 2025
- Tentative Listing Date: Monday, December 15, 2025
- Exchanges: The shares are proposed to be listed on both the BSE and NSE.
2. Price Band and Minimum Investment (Lot Size)
The company has fixed a competitive price band and a standard lot size for retail investors:
- Price Band: ₹185 to ₹195 per equity share.
- Face Value: ₹1 per share.
- Minimum Bid Lot: Retail investors must apply for a minimum of 76 shares (one lot).
- Minimum Retail Investment: At the upper price band, the minimum investment required is ₹14,820.
3. Total Issue Size and Structure (Fresh Issue vs. OFS)
The total size of the IPO is approximately ₹1,289 crore. The issue is a combination of two components:
| Component | Value (Approx.) | Purpose |
| Fresh Issue | ₹377.18 Crore | The proceeds go directly to the company for business expansion. |
| Offer for Sale (OFS) | ₹911.71 Crore | The proceeds go to the selling promoters and existing institutional investors (like Peak XV Partners, Verlinvest) for a partial exit. |
4. Grey Market Premium (GMP) Indicator
As of the latest available update, the Grey Market Premium (GMP) suggests moderate enthusiasm for the issue:
- Latest GMP: Around ₹36 per share (This is based on market speculation and is subject to change).
- Estimated Listing Price: If the GMP holds, the shares are estimated to list around ₹231 (16$195 + 36$) which translates to an expected listing gain of approximately 18.5% over the upper price band.
Note: GMP is an unofficial indicator and not a guaranteed measure of the actual listing price.
5. Utilisation of Funds (Objectives of the Fresh Issue)
The net proceeds raised from the Fresh Issue component (₹377.18 crore) are primarily earmarked for aggressive expansion:
- Store Network Expansion: Capital expenditure for setting up 117 new COCO (Company-Owned, Company-Operated) stores.
- Lease Payments: Funding the lease, sub-lease, rent, and licence fee payments for existing stores.
- Marketing & Advertising: Significant allocation towards marketing expenses to enhance brand visibility.
- Equipment: Purchase of new equipment and machinery.
Wakefit at a Glance:
Founded in 2016, Wakefit is a full-stack vertically integrated D2C company. It started with mattresses and has successfully expanded its portfolio to include a wide range of furniture and home furnishing products. The company reported a revenue from operations of ₹724 crore and a profit of ₹35.5 crore for the six months ended September 30, 2025.
