Wakefit Innovations IPO: The much-awaited Wakefit Innovations IPO is finally coming, it’s opening for public registration from December 8 to December 10! If you have always wanted to have a piece of the pie of India’s rapidly growing home and furnishing market, this is your chance. The price range is fixed at ₹185- ₹195 per share which estimates the Bengaluru-based company to be worth an astonishing ₹6,400 crore. A retail investor will need to take a minimum lot size of 76 shares, and if your demand is larger, you can buy in multiples of 76.
With high-speed growth, trendy home items, and a market noise around, Wakefit is revolutionizing, are you ready to ride on this wave?
Wakefit Innovations IPO: Key Details
| Category | Details |
|---|---|
| Issue Size | ₹1,289 crore |
| Fresh Issue | ₹377.18 crore |
| Offer for Sale (OFS) | ₹912 crore (4,67,54,405 shares) |
| Selling Shareholders | Promoters Ankit Garg, Chaitanya Ramalingegowda, Peak XV Partners, Redwood Trust, Verlinvest SA, SAI Global India Fund I LLP |
| Promoter Stake Post-IPO | 37% (down from 43.7%) |
| Fund Utilization | ₹31 crore – 117 new COCO-Regular stores ₹15.4 crore – new equipment & machinery ₹161.4 crore – lease/sub-lease/license fees ₹108.4 crore – marketing & advertising Remaining – general corporate purposes |
| IPO Subscription & Allocation | QIBs – 75% NII – 15% Retail Investors – 10% |
| Basis of Allotment | Thursday, December 11 |
| Refunds & Share Credit | Friday, December 12 |
| Listing Date | Monday, December 15 (BSE & NSE) |
| Merchant Bankers | Axis Capital, IIFL Capital Services, Nomura Financial Advisory and Securities (India) |
| Registrar | MUFG Intime India Pvt. Ltd |
Wakefit IPO: GMP (Grey Market Premium)
The Wakefit IPO has already drawn considerable interest, and the Grey Market Premium (GMP) is indicating that investors are in a good mood. Currently, on December 8, the GMP is showing a healthy ₹36, which implies a listing price of ₹231 per share, this is a remarkable 18.46% premium over the IPO’s upper price band of ₹195. So, what does this say? In simple terms, the investors want to buy at a higher price than the issue price, which indicates very strong market confidence in Wakefit’s story of growth. The GMP has been rising for the last nine trading sessions, which is a good sign for the IPO as it may have a great debut when it becomes available on BSE and NSE.
For individual investors, this is more than just digits, it is an opportunity to get a glimpse of market sentiment and measure the thrill that accompanies one of India’s fastest-growing home and furnishings companies. Are you willing to check whether Wakefit really deserves all the praise?
Wakefit Innovations
Wakefit Innovations, established in 2016, has rapidly transformed into a prominent brand in the home and furnishings segment of India. The company has revealed a revenue figure of over ₹1,000 crore for FY24, along with an operational revenue of ₹724 crore and a profit of ₹35.5 crore in the first half of FY26. Wakefit provides an extensive selection of products consisting of mattresses, furniture, and home accessories intended for various customer types.
The company’s sales are not limited to its own retail stores but also include the official website, top e-commerce platforms, and multi-brand outlets. The firm has five cutting-edge manufacturing plants, two in Bengaluru, two in Hosur, and one in Sonipat, whereby quality production and timely delivery are assured.
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