India’s leading sleep and home solutions brand, Wakefit Innovations Ltd., is all set to make its debut on the stock market with a highly anticipated Initial Public Offering (IPO). Known for its direct-to-consumer model and innovative product line, Wakefit’s IPO is expected to attract strong investor interest.
🗓️ Launch Date & Structure
While the exact IPO launch date is yet to be announced, Wakefit has received SEBI approval and is preparing for listing in late 2025. The IPO will include both a Fresh Issue and an Offer for Sale (OFS).
- Fresh Issue: ₹468.22 crore
- Offer for Sale: 5.84 crore equity shares by promoters and early investors
💰 Price Band & Lot Size
The price band and lot size have not been disclosed yet. These details will be finalized closer to the launch date based on market conditions and investor appetite.
🧾 Key Selling Shareholders
The OFS will see shares offloaded by:
- Co-founders Ankit Garg and Chaitanya Ramalingegowda
- Investors including Peak XV Partners, Verlinvest S.A., Investcorp, Redwood Trust, and others
🏪 Use of Proceeds
Wakefit plans to utilize the IPO proceeds for:
- Opening 117 new COCO (Company-Owned, Company-Operated) Regular Stores and 1 Jumbo Store
- Equipment and machinery purchases
- Lease and rental payments for existing stores
- Marketing and brand visibility campaigns
- General corporate purposes
📈 Company Snapshot
Founded in 2016, Wakefit has become a household name in India’s sleep and home furniture segment. With a strong online presence and expanding offline footprint, the company offers products ranging from mattresses and pillows to ergonomic furniture and home décor.
As Wakefit prepares to go public, investors are eyeing this IPO as a gateway into India’s booming consumer goods and lifestyle sector. With solid fundamentals and ambitious expansion plans, Wakefit’s IPO could be one of the standout listings of the year.
