Wakefit Innovations IPO will open for subscription on December 8, 2025, and close on December 10, 2025. The company aims to raise around ₹1,288.89 crores through a combination of fresh issue worth ₹377.18 crores and an offer for sale of up to 4,67,54,405 equity shares at a face value of ₹1 each.
The Wakefit Innovations IPO price band is set at ₹185 to ₹195 per share. The allotment will be finalized on December 11, 2025, and the shares are expected to list on BSE and NSE on December 15, 2025.
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Wakefit Innovations IPO Details
| Parameter | Details |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Face Value | ₹1 per equity share |
| IPO Price Band | ₹185 – ₹195 per share |
| Issue Size | Approx ₹1,288.89 crores |
| Fresh Issue | Approx ₹377.18 crores |
| Offer for Sale | 4,67,54,405 equity shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Wakefit Innovations IPO
Open: 8-10 Dec
Issue Size: ₹1,288.89 Cr.
Objective: Fund expansion, open new stores, upgrade stores, buy machinery & boost marketing
Exchange: BSE NSE
Wakefit Innovations IPO GMP Today
Wakefit Innovations IPO continues to attract attention in the grey market. The latest Grey Market Premium (GMP) is ₹2 as of December 10, 2025, indicating a modest upward potential.
With a price band of ₹195, the IPO’s estimated listing price stands at ₹197, reflecting a potential gain of 1.03% per share. Retail investors can expect Subject to Sauda rates of ₹100, while small HNI investors see ₹1,400.
Analyzing the last 11 sessions, GMP showed a declining trend from a high of ₹36 to ₹2, signaling cautious sentiment among investors.
Early December saw strong optimism, with GMP peaking at ₹36 and estimated listing gains reaching over 18%. However, in the last two days, the GMP has reduced, suggesting a more subdued market reaction as the IPO date approaches.
Wakefit Innovations IPO GMP Trend:
| Date | GMP | Estimated Listing Price | Expected Gain |
|---|---|---|---|
| 10-12-2025 | ₹2 (No Change) | ₹197 | 1.03% |
| 09-12-2025 | ₹2 (Down) | ₹197 | 1.03% |
| 08-12-2025 | ₹5 (Down) | ₹200 | 2.56% |
| 07-12-2025 | ₹36 (No Change) | ₹231 | 18.46% |
| 06-12-2025 | ₹36 (No Change) | ₹231 | 18.46% |
| 05-12-2025 | ₹36 (No Change) | ₹231 | 18.46% |
| 04-12-2025 | ₹36 (No Change) | ₹231 | 18.46% |
| 03-12-2025 | ₹36 (No Change) | ₹231 | 18.46% |
| 02-12-2025 | ₹36 (Up) | ₹231 | 18.46% |
| 01-12-2025 | ₹0 (No Change) | — | 0.00% |
| 30-11-2025 | ₹0 (No Change) | — | — |
Overall, Wakefit Innovations IPO GMP has shown a mixed trend, peaking early in December and moderating as the listing date approaches.
Investors should watch the daily GMP movement closely for potential short-term gainns. Observing daily GMP movements provides a useful indication of investor sentiment ahead of the official listing.
Disclaimer: GMP is based on grey market news. We do not trade or recommend trading in the grey market or Subject to Sauda (sub2) rates.
Wakefit Innovations IPO Review
Wakefit Innovations IPO is structured as a book-building issue with 10% reserved for retail investors, 15% for HNIs, and 75% for QIBs.
The minimum lot size for retail investors is 76 shares, amounting to ₹14,820, while the maximum is 13 lots or 988 shares totaling ₹1,92,660. Anchor investors will bid on December 5, 2025, with an anchor allocation of 5,74,800 shares worth ₹11.09 crores.
Wakefit Innovations IPO Market Lot & Application Amount
| Investor Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 76 | ₹14,820 |
| Retail Maximum | 13 | 988 | ₹1,92,660 |
| S-HNI Minimum | 14 | 1,064 | ₹2,07,480 |
| S-HNI Maximum | 67 | 5,092 | ₹9,92,940 |
| B-HNI Minimum | 68 | 5,168 | ₹10,07,760 |
- Also Read: Aequs IPO: Apply or Avoid?
IPO Reservation
| Investor Category | Share Offered | % Shares |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Ex. Anchor) | – | 75% |
| NII | – | 15% |
| Retail | – | 10% |
Anchor Investor Details
| Parameter | Details |
|---|---|
| Anchor Bidding Date | December 5, 2025 |
| Shares Offered | 5,74,800 Shares |
| Anchor Size | ₹11.09 Cr |
| Lock-in Period 50% | January 10, 2026 (30 Days) |
| Lock-in Period 50% | March 11, 2026 (90 Days) |
| Anchor Investors List | View PDF |
Wakefit Innovations IPO Dates
| Event | Date |
|---|---|
| IPO Open | December 8, 2025 |
| IPO Close | December 10, 2025 |
| Basis of Allotment | December 11, 2025 |
| Refunds | December 12, 2025 |
| Credit to Demat Account | December 12, 2025 |
| IPO Listing | December 15, 2025 |
Promoters & Holding Pattern
The promoters of Wakefit Innovations are Ankit Garg and Chaitanya Ramalingegowda.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 30,74,86,214 | 43.01% |
| Promoter Holding Post Issue | 32,68,28,675 | 36.83% |
Objects of the Issue
The IPO proceeds will be primarily used for setting up 117 new COCO – Regular stores with a capital expenditure of ₹30.84 crores, paying lease and license fees of existing stores worth ₹161.47 crores, and purchasing new machinery for ₹15.41 crores.
Additionally, ₹108.40 crores will be allocated for marketing and brand visibility campaigns, with the remaining funds used for general corporate purposes.
About Wakefit Innovations Company
Founded in 2016, Wakefit Innovations Ltd is a leading provider of affordable home and sleep solutions. The company is well-known for its memory foam mattresses sold directly to customers online, keeping costs low.
Wakefit has also expanded its product portfolio to include pillows, beds, sofas, study tables, wardrobes, and other furniture to cater to modern Indian homes.
Company Financials (₹ in Crores)
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 820.01 | 965.69 | 145.68 | 791.80 |
| 2024 | 1,017.33 | 1,032.39 | 15.05 | 928.30 |
| 2025 | 1,305.43 | 1,340.43 | 35.00 | 1,050.75 |
| Sep 2025 | 741.30 | 705.73 | 35.57 | 1,220.34 |
IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | (6.72)% |
| ROCE | (0.68)% |
| EBITDA Margin | 7.13% |
| PAT Margin | (2.75)% |
| EPS | ₹(1.15) (Basic) |
| P/E Ratio | N/A |
| RoNW | (6.72)% |
| NAV | ₹16.96 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Sheela Foam Ltd | 8.84 | 77.26 | 2.98% | 278.35 | 3,439.19 Cr |
IPO Lead Managers
Axis Capital Ltd., IIFL Capital Services Ltd., Nomura Financial Advisory & Securities (India) Pvt. Ltd.
Company Address
| Parameter | Details |
|---|---|
| Address | Umiya Emporium, 97-99, 2nd & 4th Floor, Adugodi, Tavarekere, Opp. Forum Mall, Hosur Road, Bengaluru, Karnataka – 560029 |
| Phone | 080 67335544 |
| investorscompliance@wakefit.co | |
| Website | www.wakefit.co |
IPO Registrar
MUFG Intime India Pvt. Ltd., Phone: +91-22-4918 6270, Email: wakefitinnovations.ipo@in.mpms.mufg.com
Expert Comment
Wakefit Innovations IPO offers an opportunity to invest in a well-known direct-to-consumer home solutions brand. While the company has reported losses in FY2025, its growing revenue, expanding product line, and strong online presence make it an attractive long-term investment.
Retail investors should consider applying based on risk appetite and holding horizon.
