Wakefit Innovations IPO
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Wakefit Innovations IPO details
Schedule of Wakefit Innovations
| Issue open date | 08 Dec 2025 |
| Issue close date | 10 Dec 2025 |
| UPI mandate deadline | 10 Dec 2025 (5 PM) |
| Allotment finalization | 11 Dec 2025 |
| Refund initiation | 12 Dec 2025 |
| Share credit | 12 Dec 2025 |
| Listing date | 15 Dec 2025 |
| Mandate end date | 25 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 10 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 11 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Wakefit Innovations
Wakefit is a D2C brand specialising in home and sleep solutions, known for its memory foam mattresses, furniture, and décor products. With a vertically integrated model, the company controls design, manufacturing, and delivery, ensuring quality while reducing costs. Operating through a digital-first approach, Wakefit has built a strong PAN-India presence across online and offline channels, supported by in-house production and an omnichannel distribution network.
Financials of Wakefit Innovations
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 1288.89 |
| Fresh Issue – Proceeds go to the company | 377.18 |
| Offer for sale – Proceeds go to the existing investors | 911.71 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure to set up 117 stores | 30.84 (8.17%) |
| Expenditure for lease or sublease rent for existing stores | 161.47 (42.81%) |
| Capital expenditure for the purchase of new equipment and machinery | 15.41 (4.08%) |
| Marketing and advertising expenses | 108.40 (28.75%) |
| General corporate purposes | 61.06 (16.19%) |
Strengths
- The company has a strong brand recall
- Wide D2C product portfolio
- Vertically integrated operations with an omnichannel presence
- Largest D2C home and furnishings company in India by revenue, with 2M+ customers
- 55% revenue from owned channels (website and stores) reduces marketplace dependency
Risks
- The company faces intense competition
- Exposure to fluctuations in raw material prices
- Costs associated with store expansion
- Dependence on the mattresses category, which contributes 62% of total revenue
Subscription Figures for Wakefit Innovations
As per media reports (Link), the Grey Market Premium (GMP) of Wakefit Innovations is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on December 10, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 198.29 | 602.46 | 3.04x |
| NII | 99.15 | 10.52 | 1.05x |
| Retail | 66.10 | 209.75 | 1.41x |
| Total | 363.53 | 916.73 | 2.52x |