Wakefit Innovations Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹195
Per ShareLot Size
76 Shares
Minimum Investment
₹14,820
Issue Size
₹1,288.89 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Wakefit Innovations Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
43.01%
Promoter Holding (Post-Issue)
37.39%
Issue Type
Book Building
ISIN
INE0E7301029
About the Company
We are a home and furnishings company in India, offering a wide range of products, including mattresses, furniture, and furnishings, through our omnichannel presence, ensuring a seamless customer experience across all touchpoints. We sell our products both through our own channels (comprising our website and our COCO Stores) and external channels (comprising various marketplaces, such as major e-commerce platforms and multi-branded outlets). We are a full-stack vertically integrated Company, enabling us to control every aspect of our operations, from conceptualizing, designing and engineering our products to manufacturing, distributing and providing customer experience and engagement.
Industry Overview
India's home and furnishings market which is broadly classified into three key categories, namely, furniture, mattresses and furnishings, including décor, is estimated to be worth Rs. 2.8 to Rs. 3.0 trillion as of calendar year 2024, projected to grow to reach Rs. 5.2 to 5.9 trillion by calendar year 2030. The growth in this market is primarily driven by rising disposable income, urbanization, and homeownership, a focus on comfort, functionality, and wellness, rise in consumption of organized players offerings, easy financing and affordability-driven premiumization, and an increasing frequency of home makeovers and seasonal buying.
Company History
Our Company was incorporated as `Wakefit Innovations Private Limited' at Bengaluru, Karnataka as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated March 1, 2016, issued by the Registrar of Companies, Karnataka at Bengaluru ("RoC"). Subsequently, our Company was converted from a private limited company to a public limited company and the name of our Company changed from `Wakefit Innovations Private Limited' to `Wakefit Innovations Limited' pursuant to a Shareholders' resolution dated June 5, 2025 and a fresh certificate of incorporation dated June 16, 2025 was issued by the RoC.
Products & Services
- The Company is a home and furnishings company in India, offering a wide range of products, including mattresses, furniture, and furnishings, through its omnichannel presence, ensuring a seamless customer experience across all touchpoints.
Growth Strategy
- Strategic expansion of COCO - Regular Stores and enhance sales on our website.
- Synergistic, data-driven product category expansion with a focus on scaling our operations.
- Continue to develop, invest and increase brand salience and brand awareness.
- Leverage technology to enhance customer experience and drive operational efficiencies.
- Increase customer lifetime value.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 66,096,866 equity shares of face value of Re.1/- each ("equity shares") of Wakefit Innovations Limited ( "company") for cash at a price of Rs.195.00 per equity share (including a share premium of Rs.194.00 per equity share) ("offer price") aggregating to Rs.1288.89 crores comprising a fresh issue of 19,342,461 equity shares of face value of Re.1/- each aggregating to Rs. 377.18 crores by the company ("fresh issue") and an offer for sale of 46,754,405 equity shares of face value of Re.1/- each aggregating to Rs.911.71 crores by the selling shareholders, consisting of 7,729,488, equity shares of face value of Re.1/- each aggregating Rs.150.73 crores by Ankit Garg, 4,452,185 equity shares of face value of Re.1/- each aggregating to Rs.86.82 crores by Chaitanya Ramalingegowda (collectively "the promoter selling shareholders"), 899,205 equity shares aggregating to Rs.17.53 crores by Nitika Goel, 20,374,774 equity shares aggregating to Rs.397.31 crores by Peak XV Partners Investments VI, 138,047 equity shares aggregating to Rs.2.69 crores by redwood trust, 10,193,506 equity shares aggregating to Rs.198.77 crores by Verlinvest S.A., 413,150 equity shares aggregating to Rs.8.06 crores by Sai Global India Fund i, LLP, and 2,554,050 equity shares aggregating to Rs.49.80 crores by Paramark KB Fund I (collectively the "other selling shareholders") (the promoter selling shareholders and the other selling shareholders, collectively reffered to as the "selling shareholders" and such equity shares so offered by the selling shareholders, the "offered shares" and such offer, the "offer for sale" and together with the fresh issue, the "offer". The company, in consultation with the book running lead managers, undertook a private placement of 2,871,794 equity shares at an issue price of Rs.195.00 per equity share of face value of Re.1/- (including a premium of Rs.194.00 per equity share of face value of Re.1 each) aggregating to Rs.56.00 crores. The size of the fresh issue has been adjusted to Rs.377.18 crores . The company had intimated the subscribers to the pre-ipo placement that the company is contemplating the offer and that there is no guarantee that the company may proceed with the offer, or that the offer may be successful and will result into listing of the equity shares on the stock exchanges, and the investment was done solely at their own risk.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Largest and fastest growing D2C home and furnishing solutions destination.
- Comprehensive home and furnishing solutions brand with a core focus on product innovation.
- Full-stack vertically integrated operations with differentiated processes and technical capabilities.
- Omnichannel sales presence and strategically located store network.
- The Company's multi-faceted marketing approach enhancing its brand image.
- The company business and results of operations are significantly dependent on its "Wakefit" brand, under which the company offer a wide range of products, including mattresses, furniture, and furnishings, and any impairment, dilution or damage to the company brand in any manner may adversely affect its business reputation, results of operations, financial condition and cash flows.
- The company's derives a significant portion of the company revenue from its mattress product category. The company revenue from the sale of mattresses accounted for 60.65%, 61.35%, 57.54% and 63.50%, of its revenue from operations in six months period ended September 30, 2025 and Fiscals 2025, 2024 and 2023, respectively. Any shifts in consumer preferences, any disruption in the supply chain, or heightened competition could adversely affect its business, results of operations, financial condition and cash flows.
- A significant portion of Its revenues is derived from the sale of products through the company own channels. its sales from the company own channels (i.e., website and COCO - Regular Stores) accounted for 64.91%, 56.97%, 58.30% and 57.50%, of its revenue from operations in six months period ended September 30, 2025 and Fiscals 2025, 2024 and 2023, respectively. Any disruption to the company website, whether due to technical issues, cyber-attacks, or changes in consumer behavior or any disruption to the operations of the company stores or limitations on its ability to expand and grow these stores may adversely affect the company sales, business, results of operations, financial condition and cash flows.
- The company has incurred losses in the past and its may continue to incur losses in the future.
- The Company, Directors, Promoters, Key Managerial Personnel and Senior Management are and may be involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may has an adverse effect on its business, financial condition, cash flows and results of operations.