| Event | Date |
|---|---|
| Open Date | 08-12-2025 , Monday |
| Close Date | 10-12-2025 , Wednesday |
| Tentative Allotment | 11-12-2025 , Thursday |
| Tentative Listing Date | 15-12-2025 , Monday |
| Retail Appl. Cut Off Time | 10-12-2025 , Wednesday 05:00 PM |
| Non Retail Appl. Cut Off Time | 10-12-2025 , Wednesday 04:00 PM |
| Anchor Allotment | 05-12-2025 , Friday |
| Initiation Of Refund | 12-12-2025 , Friday |
| Credit Of Share To Demat | 12-12-2025 , Friday |
Wakefit Innovations Limited is a D2C and omnichannel home and furnishings company operating across mattresses, furniture and furnishings. The company started as a mattress-focused brand and later expanded into broader home solutions such as beds, sofas, recliners, wardrobes, dining tables, pillows, cushions, home essentials and home décor.
Wakefit sells through online channels as well as offline channels, including its website, marketplaces, COCO stores and MBOs. For retail investors, Wakefit should be studied as a D2C home and furnishing brand, omnichannel retail expansion and profitability turnaround story.
Wakefit is not only a mattress company anymore. It is trying to become a broader home solutions platform. However, mattresses still remain the largest revenue contributor.
| Business Area | Meaning |
|---|---|
| Mattresses | Memory foam, latex, grid and high-resilience foam mattresses |
| Furniture | Beds, sofas, recliners, wardrobes, dining tables and other furniture |
| Furnishings | Pillows, cushions, home décor and home essentials |
| Online sales | Sales through website and marketplaces |
| Offline sales | COCO stores and MBO stores |
| Logistics | Warehousing, delivery and last-mile support |
| Installation | Furniture installation and replacement support |
| Returns management | Re-sale, refurbishment and scrap handling for returned products |
IPORupee View: Wakefit’s strategy is to use one brand to sell multiple home-related products. A customer buying a mattress can later buy a bed, sofa, pillow, wardrobe or furnishing item. This creates cross-sell and up-sell opportunities.
But furniture and furnishings are more operationally complex than mattresses because they require inventory, delivery, installation, returns handling and after-sales service.
| Product Category | H1 FY2026 Amount | % of Revenue | FY2025 Amount | % of Revenue | FY2024 Amount | % of Revenue | FY2023 Amount | % of Revenue |
|---|---|---|---|---|---|---|---|---|
| Mattresses | Rs. 4,390.78 mn | 60.65% | Rs. 7,813.73 mn | 61.35% | Rs. 5,675.18 mn | 57.54% | Rs. 5,159.77 mn | 63.50% |
| Furniture | Rs. 2,118.60 mn | 29.25% | Rs. 3,516.89 mn | 27.61% | Rs. 3,012.20 mn | 30.54% | Rs. 1,951.10 mn | 24.01% |
| Furnishings | Rs. 730.65 mn | 10.09% | Rs. 1,406.29 mn | 11.04% | Rs. 1,176.15 mn | 11.92% | Rs. 1,015.33 mn | 12.49% |
| Total | Rs. 7,240.03 mn | 100.00% | Rs. 12,736.91 mn | 100.00% | Rs. 9,863.53 mn | 100.00% | Rs. 8,126.20 mn | 100.00% |
IPORupee View: Mattresses remain the largest category, contributing 61.35% of FY2025 revenue and 60.65% of H1 FY2026 revenue. This confirms that Wakefit is still mattress-led.
Furniture is the second-largest category, contributing 27.61% in FY2025 and 29.25% in H1 FY2026. This shows that Wakefit’s expansion beyond mattresses is working, but the company is still not fully diversified.
Wakefit is shifting from an online-heavy D2C model to a more balanced omnichannel model.
| Particulars | H1 FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue from operations | Rs. 7,240.03 mn | Rs. 12,736.91 mn | Rs. 9,863.53 mn | Rs. 8,126.20 mn |
| Online revenue | Rs. 4,306.74 mn | Rs. 8,491.36 mn | Rs. 7,466.08 mn | Rs. 7,269.92 mn |
| Online revenue as % of revenue | 59.49% | 66.67% | 75.69% | 89.46% |
| Offline revenue | Rs. 2,933.29 mn | Rs. 4,245.55 mn | Rs. 2,397.45 mn | Rs. 856.28 mn |
| Offline revenue as % of revenue | 40.51% | 33.33% | 24.31% | 10.54% |
IPORupee View: This is one of the most important changes in Wakefit’s business model. Online revenue share reduced from 89.46% in FY2023 to 66.67% in FY2025 and further to 59.49% in H1 FY2026.
Offline revenue share increased from 10.54% in FY2023 to 33.33% in FY2025 and 40.51% in H1 FY2026. Wakefit is no longer just an online mattress brand. It is now building a serious offline retail presence through stores and multi-brand outlets.
| Sales Channel | Meaning |
|---|---|
| Own website | Direct digital channel controlled by Wakefit |
| Marketplaces | Online e-commerce platforms |
| COCO stores | Company-owned, company-operated physical retail stores |
| MBOs | Multi-brand outlets where Wakefit products are sold |
IPORupee View: Home and furniture products often need touch-and-feel experience. Online channels help reach digitally active customers, while offline stores build trust and support higher-value purchases. The key thing to monitor is whether offline expansion improves profitability or increases fixed costs too much.
| Particulars | H1 FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue from operations | Rs. 7,240.03 mn | Rs. 12,736.91 mn | Rs. 9,863.53 mn | Rs. 8,126.20 mn |
| Profit / loss for the period / year | Rs. 355.74 mn | Rs. (350.04) mn | Rs. (150.53) mn | Rs. (1,456.83) mn |
| PAT margin | 4.91% | (2.75%) | (1.53%) | (17.93%) |
| EBITDA | Rs. 1,031.94 mn | Rs. 908.30 mn | Rs. 658.49 mn | Rs. (857.52) mn |
| EBITDA margin | 14.25% | 7.13% | 6.68% | (10.55%) |
| Adjusted EBITDA | Rs. 1,039.04 mn | Rs. 1,025.71 mn | Rs. 788.69 mn | Rs. (785.62) mn |
| Adjusted EBITDA margin | 14.35% | 8.05% | 8.00% | (9.67%) |
| ROCE | 6.04% | (0.68%) | 0.27% | (20.50%) |
| Net working capital days | 1.04 days | 3.84 days | 6.89 days | 20.44 days |
IPORupee Financial Insight: Revenue increased from Rs. 8,126.20 million in FY2023 to Rs. 12,736.91 million in FY2025 and further to Rs. 7,240.03 million in H1 FY2026.
The profitability turnaround is the biggest positive. EBITDA improved from a loss of Rs. 857.52 million in FY2023 to positive EBITDA of Rs. 908.30 million in FY2025 and Rs. 1,031.94 million in H1 FY2026. PAT also turned positive in H1 FY2026 at Rs. 355.74 million.
Net working capital days improved from 20.44 days in FY2023 to 1.04 days in H1 FY2026, which shows better working capital discipline.
Wakefit’s primary raw materials include chemicals, natural wood, processed wood, fabrics, glue and metal goods. The company procures raw materials from India and outside India and monitors market trends, geopolitical situations, shipping costs and regulatory changes to adjust sourcing strategy.
| Raw Material | Used For |
|---|---|
| Chemicals | Foam and mattress-related manufacturing |
| Natural wood | Furniture manufacturing |
| Processed wood | Furniture and panels |
| Fabrics | Mattress covers, sofas and furnishings |
| Glue | Furniture and mattress production |
| Metal goods | Furniture structures and fittings |
| Particulars | H1 FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Cost of materials consumed | Rs. 3,382.33 mn | Rs. 5,817.61 mn | Rs. 4,639.71 mn | Rs. 4,717.11 mn |
| Cost of materials consumed as % of total expenses | 47.93% | 43.40% | 44.94% | 48.85% |
IPORupee View: Raw material cost is a major cost component for Wakefit. Cost of materials consumed was 47.93% of total expenses in H1 FY2026 and 43.40% in FY2025. Since mattresses and furniture are raw-material-heavy categories, procurement efficiency is very important.
| Particulars | H1 FY2026 Cost | % of Raw Materials Procured | FY2025 Cost | % of Raw Materials Procured | FY2024 Cost | % of Raw Materials Procured | FY2023 Cost | % of Raw Materials Procured |
|---|---|---|---|---|---|---|---|---|
| Domestic procurement | Rs. 2,517.41 mn | 61.62% | Rs. 4,418.86 mn | 73.47% | Rs. 3,732.30 mn | 78.10% | Rs. 3,407.66 mn | 77.52% |
| Import procurement | Rs. 1,567.95 mn | 38.38% | Rs. 1,596.01 mn | 26.53% | Rs. 1,046.29 mn | 21.90% | Rs. 988.38 mn | 22.48% |
| Total | Rs. 4,085.36 mn | 100.00% | Rs. 6,014.87 mn | 100.00% | Rs. 4,778.59 mn | 100.00% | Rs. 4,396.04 mn | 100.00% |
The import share increased sharply to 38.38% in H1 FY2026 from 26.53% in FY2025 and around 22% in FY2023-FY2024. This creates exposure to currency fluctuation, shipping cost changes, global supply disruption, geopolitical risk and import duty or regulatory changes.
| Particulars | H1 FY2026 Cost | % of Total Purchases | FY2025 Cost | % of Total Purchases | FY2024 Cost | % of Total Purchases | FY2023 Cost | % of Total Purchases |
|---|---|---|---|---|---|---|---|---|
| Chemicals | Rs. 1,797.32 mn | 43.92% | Rs. 2,415.58 mn | 40.16% | Rs. 1,942.88 mn | 40.66% | Rs. 1,997.21 mn | 45.43% |
| Fabrics | Rs. 577.17 mn | 14.10% | Rs. 1,031.03 mn | 17.14% | Rs. 761.74 mn | 15.94% | Rs. 702.47 mn | 15.98% |
| Particle Boards | Rs. 191.12 mn | 4.67% | Rs. 356.62 mn | 5.93% | Rs. 266.31 mn | 5.57% | Rs. 260.54 mn | 5.93% |
Chemicals are the largest key raw material, contributing 40% to 45% of total purchases across periods. This is expected because foam and mattress production depend heavily on chemicals. If chemical prices rise, gross margin can be affected unless Wakefit passes the cost to customers or improves procurement efficiency.
As of September 30, 2025, Wakefit’s distribution network included one mother warehouse, seven inventory holding points and eighteen points of delivery in India.
| Logistics Asset | Count / Details |
|---|---|
| Mother warehouse | 1 in Hosur, Tamil Nadu |
| Inventory Holding Points | 7 |
| Points of Delivery | 18 |
| Installation team | Supports furniture installation and customer service |
| Logistics Capability | Importance |
|---|---|
| Hired transport services | Used mainly for mattress deliveries |
| Own network in available areas | Supports control over delivery experience |
| Third-party logistics providers | Used for furniture and beyond-reach areas |
| Flat-pack packaging | Reduces furniture logistics cost |
| Roll-pack packaging | Helps mattress transportation efficiency |
| In-house Order Management System | Directs orders to optimal delivery routes |
| Logistics management platform | Supports last-mile route planning |
| Technology and analytics | Supports inventory management and delivery planning |
IPORupee View: Logistics is a core business capability for Wakefit. Mattresses and furniture are bulky products. Delivery delays, damages, installation issues and returns can directly affect customer satisfaction. Flat-pack furniture and roll-pack mattress packaging are important because they can reduce logistics cost and improve delivery efficiency.
Wakefit has a structured process to reduce cost and maximise value from returned products. For furniture, Wakefit sends replacement parts instead of replacing the entire product where possible.
| Mattress Return Category | Meaning |
|---|---|
| Re-sale | If the mattress remains unopened and packaging is intact, it may be classified as eligible for re-sale |
| Refurbishment | If opened but foam core is undamaged, outer covers are removed, laundered and reused after quality approval |
| Scrap | If the foam core is damaged, it is scrapped or used for upcycling into rebonded foam, where possible |
| Particulars | H1 FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Return and refund ratio | 8.50% | 8.30% | 8.65% |
Return and refund ratio is important for D2C and online-heavy businesses. Wakefit’s return and refund ratio is around 8% to 9% for mattresses. Returns can affect revenue quality, logistics cost, refurbishment cost, customer satisfaction, inventory handling and product quality perception.
Wakefit is mainly India-focused but has started pilot projects outside India. The company has sold products in Japan, Nepal, United Arab Emirates and United States of America through marketplaces, currently involving a limited range of SKUs including mattresses and furnishings.
| Country | H1 FY2026 Amount | % of Revenue | FY2025 Amount | % of Revenue | FY2024 Amount | % of Revenue | FY2023 Amount | % of Revenue |
|---|---|---|---|---|---|---|---|---|
| India | Rs. 7,156.39 mn | 99.81% | Rs. 12,526.92 mn | 99.73% | Rs. 9,661.15 mn | 99.82% | Rs. 7,967.86 mn | 100.00% |
| UAE | Rs. 10.36 mn | 0.14% | Rs. 30.12 mn | 0.24% | Rs. 16.76 mn | 0.17% | Nil | NA |
| USA | Rs. 0.52 mn | 0.01% | Rs. 3.44 mn | 0.03% | Nil | NA | Nil | NA |
| Japan | Nil | NA | Nil | NA | Rs. 0.74 mn | 0.01% | Nil | NA |
| Nepal | Rs. 2.83 mn | 0.04% | Rs. 0.01 mn | 0.00% | Nil | NA | Nil | NA |
| Total | Rs. 7,170.10 mn | 100.00% | Rs. 12,560.49 mn | 100.00% | Rs. 9,678.65 mn | 100.00% | Rs. 7,967.86 mn | 100.00% |
IPORupee View: Wakefit is still almost fully India-focused. India contributed 99.81% of H1 FY2026 revenue and 99.73% of FY2025 revenue in this table. International sales are only pilot-level. Investors should not value Wakefit as an export growth story at this stage.
| Particulars | Details |
|---|---|
| IPO Opening Date | December 8, 2025 |
| IPO Closing Date | December 10, 2025 |
| Price Band | Rs. 185 to Rs. 195 per share |
| Fresh Issue | Rs. 377.2 crore |
| Offer for Sale | Rs. 911.7 crore at upper price band |
| Total Issue Size | Rs. 1,288.9 crore at upper price band |
| Face Value | Rs. 1 per share |
| Bid Lot | 76 shares and multiples thereof |
| QIB Reservation | 75% |
| NII Reservation | 15% |
| Retail Reservation | 10% |
| Listing | BSE and NSE |
IPORupee View: The IPO includes both fresh issue and OFS. The fresh issue can support business needs, while the OFS gives partial exit to selling shareholders. The OFS portion is larger than the fresh issue, so retail investors should separate money going to the company from money going to selling shareholders.
| Use of Net Proceeds | Estimated Utilisation |
|---|---|
| Capex for setting up 117 new COCO regular stores | Rs. 30.8 crore |
| Lease, sub-lease rent and license fee payments for existing COCO stores | Rs. 161.5 crore |
| Purchase of new equipment and machinery | Rs. 15.4 crore |
| Marketing and advertisement expenses | Rs. 108.4 crore |
| General corporate purposes | Balance / as per final prospectus |
IPORupee View: The objects of the issue show that Wakefit is investing in offline retail expansion, store lease payments, equipment and marketing. This supports growth, but the company needs to spend continuously to build brand and store presence. Investors should track whether these spends generate profitable growth.
Wakefit has built a recognisable D2C brand in mattresses and home furnishing products.
The company sells mattresses, furniture and furnishings under one brand.
Wakefit sells through website, marketplaces, COCO stores and MBOs.
Offline revenue share increased from 10.54% in FY2023 to 40.51% in H1 FY2026.
Furniture contributed 29.25% of H1 FY2026 revenue.
The company moved from PAT losses to profit of Rs. 355.74 million in H1 FY2026.
EBITDA margin improved from negative 10.55% in FY2023 to 14.25% in H1 FY2026.
One mother warehouse, 7 inventory holding points and 18 points of delivery support distribution.
Net working capital days reduced from 20.44 days in FY2023 to 1.04 days in H1 FY2026.
Wakefit Innovations Limited is a D2C and omnichannel home and furnishings company operating across mattresses, furniture and furnishings. The company started with mattresses and has gradually expanded into broader home solutions.
Mattresses remain the core category, contributing 61.35% of FY2025 revenue and 60.65% of H1 FY2026 revenue. Furniture has become the second major category, contributing 27.61% of FY2025 revenue and 29.25% of H1 FY2026 revenue.
Wakefit’s channel mix is changing significantly. Online revenue share declined from 89.46% in FY2023 to 59.49% in H1 FY2026, while offline revenue share increased from 10.54% to 40.51% during the same period. This confirms that Wakefit is no longer only a digital-first brand; it is now building a serious offline retail presence.
Financially, the company has shown a sharp turnaround. Revenue increased from Rs. 8,126.20 million in FY2023 to Rs. 12,736.91 million in FY2025. EBITDA improved from a loss of Rs. 857.52 million in FY2023 to positive EBITDA of Rs. 908.30 million in FY2025 and Rs. 1,031.94 million in H1 FY2026. PAT also turned positive at Rs. 355.74 million in H1 FY2026.
Mattresses contributed more than 60% of revenue in FY2025 and H1 FY2026. This shows strong brand recall in mattresses, but also creates category concentration.
Furniture contributed 29.25% of H1 FY2026 revenue. This is the key category for Wakefit’s broader home solutions strategy.
Offline revenue share increased from 10.54% in FY2023 to 40.51% in H1 FY2026, showing the shift toward omnichannel retail.
Online revenue remains the largest channel at 59.49% of H1 FY2026 revenue.
PAT turned positive in H1 FY2026 with Rs. 355.74 million profit and 4.91% PAT margin.
Net working capital days reduced from 20.44 days in FY2023 to 1.04 days in H1 FY2026.
Cost of materials consumed was 47.93% of total expenses in H1 FY2026.
Import procurement increased to 38.38% of raw material procurement in H1 FY2026.
Chemicals contributed 43.92% of total purchases in H1 FY2026, creating chemical price volatility risk.
Mother warehouse, inventory holding points, delivery points, roll-pack mattresses and flat-pack furniture support delivery efficiency.
Mattress return and refund ratio was 8.50% in H1 FY2026, 8.30% in FY2025 and 8.65% in FY2024.
India contributes more than 99% of revenue. International sales are currently very small.
The IPO includes fresh issue and OFS, but OFS is larger. Retail investors should understand where IPO money goes.
Investors must compare valuation with sustainable margins, cash flow, store economics and listed peers.
Wakefit Innovations Limited is a fast-scaling D2C and omnichannel home and furnishings company with a strong mattress brand, growing furniture presence, expanding offline channel, improving EBITDA margin and recent PAT turnaround.
The key positives are revenue growth, offline expansion, furniture category growth, strong logistics network, packaging efficiency, working capital improvement and profitability turnaround in H1 FY2026.
The key concerns are mattress category dependence, sustainability of profitability, raw material volatility, rising import exposure, return and refund ratio, offline store execution risk, logistics complexity, competition and valuation.
This IPO should be studied as a D2C home and furnishing brand + omnichannel retail expansion + profitability turnaround story, not simply as a mattress IPO.
| Short Form | Full Form |
|---|---|
| IPO | Initial Public Offering |
| RHP | Red Herring Prospectus |
| D2C | Direct-to-Consumer |
| COCO | Company-Owned Company-Operated |
| MBO | Multi-Brand Outlet |
| INHP | Inventory Holding Point |
| POD | Point of Delivery |
| SKU | Stock Keeping Unit |
| EBITDA | Earnings Before Interest, Tax, Depreciation and Amortization |
| PAT | Profit After Tax |
| ROCE | Return on Capital Employed |
| OFS | Offer for Sale |
| QIB | Qualified Institutional Buyer |
| NII | Non-Institutional Investor |
| BRLM | Book Running Lead Manager |
| BSE | Bombay Stock Exchange |
| NSE | National Stock Exchange |
This content is prepared by IPORupee for educational and informational purposes only. It is based on IPO-related disclosures and information shared for understanding the company’s business model, product portfolio, operating metrics, financial performance, industry position and key risks.
This is not a recommendation to apply, avoid, buy, sell or hold any IPO or security. IPORupee is not a SEBI-registered investment adviser, research analyst, broker, consumer durables consultant or portfolio manager.
Consumer brands and retail businesses are subject to competition, raw material price changes, demand cycles, inventory risk, store expansion risk, logistics risk, marketing spend risk, return risk and valuation risk. Investors should read the Red Herring Prospectus, risk factors, financial statements, objects of the issue, peer comparison, valuation details and official disclosures carefully and consult their financial advisor before making any investment decision.
| Category | Percentage | No. of Shares Offered | Amount |
|---|---|---|---|
QIB | 75.00 % | 4,95,72,651 | 966.67 Cr |
Retail | 10.00 % | 66,09,686 | 128.89 Cr |
Total HNI | 15.00 % | 99,14,529 | 193.33 Cr |
SHNI | 5.00 % | 33,04,843 | 64.44 Cr |
BHNI | 10.00 % | 66,09,686 | 128.89 Cr |
Wakefit Innovations Ltd allotted 2,97,43,590 equity shares to anchor investors at ₹195 per share on 05 Dec 2025 before the IPO opening. The total anchor allocation stood at 580.00 Cr across 33 anchor investors.
Mutual funds received 1,61,54,332 shares worth 315.01 Cr, representing 54.31% of the total anchor investor allocation. Within the mutual fund portion, HDFC Mutual Fund had the highest fund-house level allocation with 31,79,536 shares worth 62.00 Cr across 2 schemes. Other leading fund houses by allocation included Axis Mutual Fund, Mirae Asset Mutual Fund, Tata Mutual Fund and HSBC Mutual Fund.
At scheme level, the largest mutual fund allocations included HDFC MUTUAL FUND - HDFC CHILDRENS FUND, MIRAE ASSET MIDCAP FUND, TATA MUTUAL FUND - TATA ELSS FUND, NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA CONSUMPTION FUND and BANDHAN SMALL CAP FUND.
The largest anchor investor received 7.80% of the anchor portion. The top five anchor investors together received 1,00,24,248 shares, representing about 33.70% of the total anchor allocation.
| Rank | Anchor Investor Name | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|
| 1 | HDFC MUTUAL FUND - HDFC CHILDRENS FUND | 23,31,680 | 7.80 % | 45.47 Cr |
| 2 | MIRAE ASSET MIDCAP FUND | 21,53,916 | 7.20 % | 42.00 Cr |
| 3 | HDFC LIFE INSURANCE COMPANY LIMITED | 21,53,916 | 7.20 % | 42.00 Cr |
| 4 | BAJAJ LIFE INSURANCE LIMITED | 16,92,368 | 5.70 % | 33.00 Cr |
| 5 | PRUDENTIAL HONG KONG LIMITED - PHKL ASIA PACIFIC ACTIVE GROWTH EQUITY PORTFOLIO - AHAPAG - EASTSPRING GROWTH EQUITIES TEAM | 16,92,368 | 5.70 % | 33.00 Cr |
| Rank | Mutual Fund Scheme | AMC | Shares Allocated | Allocation % | Allocation Amount |
|---|---|---|---|---|---|
| 1 | HDFC MUTUAL FUND - HDFC CHILDRENS FUND | HDFC Mutual Fund | 23,31,680 | 7.80 % | 45.47 Cr |
| 2 | MIRAE ASSET MIDCAP FUND | Mirae Asset Mutual Fund | 21,53,916 | 7.20 % | 42.00 Cr |
| 3 | TATA MUTUAL FUND - TATA ELSS FUND | Tata Mutual Fund | 15,38,544 | 5.20 % | 30.00 Cr |
| 4 | NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA CONSUMPTION FUND | Nippon India Mutual Fund | 12,82,120 | 4.30 % | 25.00 Cr |
| 5 | BANDHAN SMALL CAP FUND | Bandhan Mutual Fund | 11,79,520 | 4.00 % | 23.00 Cr |
The figures are based on the company’s stock exchange anchor allotment intimation. Anchor allocation is only an informational disclosure and does not indicate future listing performance.
| Application | Discount | Qty (Lot) | Total |
|---|---|---|---|
Retail MIN | - | 76 (1) | ₹ 14,820 |
Retail MAX | - | 988 (13) | ₹ 1,92,660 |
SHNI MIN | - | 1064 (14) | ₹ 2,07,480 |
SHNI MAX | - | 5092 (67) | ₹ 9,92,940 |
BHNI MIN | - | 5168 (68) | ₹ 10,07,760 |
| Objective | No Of Shares | Amount |
|---|---|---|
Fresh Issue | - | 377.18 Cr |
Offer for Sale | - | 911.71 Cr |
| Name | Contact Person | Telephone | Website | |
|---|---|---|---|---|
Axis Capital Limited | Simran Gadh | +91 22 4325 2183 | wakefit.ipo@axiscap.in | www.axiscapital.co.in |
IIFL Capital Services Limited | Dhruv Bhavsar / Pawan Kumar Jain | +91 22 4646 4728 | wakefit.ipo@iiflcap.com | www.iiflcapital.com |
Nomura Financial Advisory and Securities (India) Pvt Ltd | Vishal Kanjani / Kshitij Thakur | +91 22 4037 4037 | wakefitipo@nomura.com | www.nomuraholdings.com/company/group/asia/india/index.html |
Understand company details, IPO size, price band, lot size, exchange listing, fresh issue and Offer for Sale (OFS) in simple language for retail investors.
This IPO is of Wakefit Innovations Ltd. The issue is scheduled to open on Monday, 08 December 2025 and closes on Wednesday, 10 December 2025.
After the IPO process is completed, the shares are proposed to be listed on both NSE and BSE.
IPO size means the total amount offered to investors through the public issue.
For Wakefit Innovations Ltd IPO, the total issue size is Rs 1,288.89 crore, consisting of a fresh issue of Rs 377.18 crore and an Offer for Sale (OFS) of Rs 911.71 crore.
Price band is the price range within which investors can bid for shares in a book-built IPO.
For this IPO, the lower price band is Rs 185 per share and the upper price band is Rs 195 per share.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Wakefit Innovations Ltd IPO, the minimum lot size is 76 shares. At the upper price band of Rs 195 per share, the minimum application amount is Rs 14,820. Applications must be made in multiples of 76 shares.
Fresh Issue means the company issues new shares to investors and receives money from that part of the IPO.
For Wakefit Innovations Ltd IPO, the Fresh Issue size is Rs 377.18 crore. The company can use these funds for purposes mentioned in the IPO documents, such as business growth, repayment of borrowings, working capital, capital expenditure, or general corporate purposes.
Offer for Sale (OFS) means existing shareholders sell their shares to the public through the IPO.
For Wakefit Innovations Ltd IPO, the Offer for Sale (OFS) size is Rs 911.71 crore. In an OFS, the selling shareholders receive the money, and the company usually does not receive funds from that portion.
Understand the important IPO dates, allotment process, refund schedule and listing timeline in a retail-friendly format.
The IPO opening date is the first day on which investors can apply for the public issue.
For Wakefit Innovations Ltd IPO, the IPO opens on Monday, 08 December 2025.
The IPO closing date is the last day on which investors can submit, modify, or cancel their IPO applications.
Wakefit Innovations Ltd IPO closes on Wednesday, 10 December 2025.
The tentative allotment date is the expected date on which the registrar finalizes the share allotment for valid IPO applications.
For Wakefit Innovations Ltd IPO, the tentative allotment date is Thursday, 11 December 2025.
The tentative listing date is the expected date on which IPO shares begin trading on the stock exchanges.
Wakefit Innovations Ltd IPO is expected to list on Monday, 15 December 2025.
After allotment, funds are unblocked or refunds are initiated for non-allotted investors, while allotted shares are credited to investors' demat accounts before listing.
For Wakefit Innovations Ltd IPO, refund initiation is expected on Friday, 12 December 2025, and credit of shares to demat accounts is expected on Friday, 12 December 2025.
Understand IPO category-wise reservation, QIB quota, retail quota, HNI allocation, shareholder reservation and the meaning of structure columns in a simple format.
IPO structure shows how shares are divided among different categories of investors, such as QIB, Retail, NII/HNI, Employees, and Shareholders.
For Wakefit Innovations Ltd IPO, the available categories in the structure table include QIB, Retail, Non-Institutional Investors (NII/HNI). The NII/HNI category includes SHNI and BHNI sub-categories. Investors can use this table to understand category-wise allocation before applying.
QIB stands for Qualified Institutional Buyers. This category includes mutual funds, banks, insurance companies, and other large financial institutions.
In Wakefit Innovations Ltd IPO, 75% shares are reserved under the QIB category, with 4,95,72,651 shares offered, and an allocation amount of ₹966.67 crore.
The Retail category is reserved for individual investors and HUFs applying for up to Rs 2 lakh within the retail investment limit allowed under IPO rules.
In Wakefit Innovations Ltd IPO, 10% shares are reserved under the Retail category, with 66,09,686 shares offered, and an allocation amount of ₹128.89 crore.
NII/HNI stands for Non-Institutional Investors / High Net-Worth Individuals. This category generally includes investors applying for more than Rs 2 lakh, above the retail investment limit.
In Wakefit Innovations Ltd IPO, 15% shares are reserved under the NII/HNI category, with 99,14,529 shares offered, and an allocation amount of ₹193.33 crore.
SHNI stands for Small HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 2 lakh but not exceeding Rs 10 lakh.
In Wakefit Innovations Ltd IPO, 5% shares are reserved under the SHNI sub-category, with 33,04,843 shares offered, and an allocation amount of ₹64.44 crore.
BHNI stands for Big HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 10 lakh.
In Wakefit Innovations Ltd IPO, 10% shares are reserved under the BHNI sub-category, with 66,09,686 shares offered, and an allocation amount of ₹128.89 crore.
Understand retail lot size, HNI application limits, employee category, shareholder category and investment amount calculations using the IPO lot table.
Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.
For Wakefit Innovations Ltd IPO, the minimum lot size is 76 shares. At the upper price band of Rs 195 per share, the minimum application amount is Rs 14,820. Applications must be made in multiples of 76 shares.
Retail minimum application shows the minimum application size for retail investors.
For Wakefit Innovations Ltd IPO, the Retail minimum application is 76 shares (1 lot) for about Rs 14,820.
Retail maximum application shows the maximum application size generally available under the retail category.
For Wakefit Innovations Ltd IPO, the Retail maximum application is 988 shares (13 lots) for about Rs 1,92,660.
SHNI minimum application shows the minimum application size for the Small HNI category.
For Wakefit Innovations Ltd IPO, the SHNI minimum application is 1,064 shares (14 lots) for about Rs 2,07,480.
SHNI maximum application shows the maximum application size available under the Small HNI category, when provided.
For Wakefit Innovations Ltd IPO, the SHNI maximum application is 5,092 shares (67 lots) for about Rs 9,92,940.
BHNI minimum application shows the minimum application size for the Big HNI category.
For Wakefit Innovations Ltd IPO, the BHNI minimum application is 5,168 shares (68 lots) for about Rs 10,07,760.
Understand important financial figures in simple language using the financial statement data available for the IPO.
Financial Highlights show important numbers from the company's financial statements. These may include income, expenses, profit, assets, liabilities, cash flow and other financial information, depending on the data available for the IPO.
The table displays available financial data based on the IPO information currently available. Fields may differ from company to company depending on disclosures and reporting format.
Investors should read the table to understand the company's financial performance and financial position over different periods.
The table may help users review income, expenses, profitability, balance sheet position, cash movement or other financial information, depending on the available data.
Financial statement line items may differ because companies operate in different industries and may follow different reporting formats.
Some companies may provide detailed financial breakup, while others may present broader financial categories.
Investors should review income, expenses, profitability, debt position, asset base, liabilities and cash flow position together.
A single financial figure should not be used alone to judge the company.
Profit is important, but it does not show the full financial picture.
Investors should also review revenue quality, expenses, debt, assets, liabilities, cash flow, valuation and business risks.
Cash flow helps investors understand how money moves in and out of the business.
A company may report profit but still face cash flow pressure, so cash flow should be reviewed along with profit, debt and balance sheet information.
No. Financial Highlights are useful, but investors should also review valuation, peer comparison, KPI data, business risks, IPO pricing, management discussion and official offer documents such as the RHP or DRHP.
Understand how the company may be compared with similar businesses using the peer comparison data available for the IPO.
Peer Comparison means comparing the IPO company with businesses operating in a similar sector or industry.
It helps investors understand the company in a broader industry context.
Peer Comparison helps investors understand how the company can be compared with similar businesses using available financial or valuation metrics.
It is useful for context, but it should not be treated as a final investment conclusion.
Peer comparison metrics may differ depending on the companies selected, accounting format, business model and available public information.
Investors should compare only relevant and similar metrics.
Investors should use the peer comparison table as a reference point.
Available metrics should be read together with business model, scale, profitability, margins, debt, growth, valuation and IPO pricing.
No. Peer Comparison does not directly decide whether an IPO is good or bad.
It only provides context for comparison. Final analysis should include financial statements, KPI data, valuation, risk factors and official offer documents.
No. Peer Comparison is only one part of IPO analysis.
Investors should also review financial statements, KPI data, business risks, valuation, IPO pricing and company fundamentals.
Understand important KPI metrics in simple language using the key performance indicator data available for the IPO.
Key Performance Indicators, or KPIs, are financial and valuation metrics used to understand profitability, efficiency, leverage, return-based ratios and earnings performance.
They help investors understand the company beyond basic financial figures.
KPIs help investors assess profitability, capital efficiency, leverage, valuation and earnings quality.
They should be reviewed together with financial statements, peer comparison and IPO pricing.
KPI data may differ depending on the company, industry, financial disclosures and available offer document information.
Not every IPO may provide every KPI, and some metrics may not be applicable to every business.
Investors should read KPI metrics together instead of relying on one ratio.
A single KPI may not give the full picture unless it is reviewed with financial statements, peer comparison, business model and valuation.
No. High or low KPI values need context.
The meaning of a ratio may differ depending on industry, business model, debt level, growth stage, profitability and IPO valuation.
No. KPI data is useful, but it should not be used alone.
Investors should also review financial statements, peer comparison, business risks, valuation, IPO pricing and official offer documents such as the RHP or DRHP.