Wakefit Innovations Ltd, the home and furnishings company headquartered in Bengaluru, is set to launch its initial public offering (IPO) on December 8, 2025, to raise around ₹1,400 crore, as per the news reports.
The offering will be open for subscription until December 10, 2025, with anchor investors allocated shares on December 5, 2025, according to the red herring prospectus (RHP).
The maiden IPO consists of a fresh issue of equity shares worth ₹377.1 crore and an offer-for-sale (OFS) of 4.67 crore shares by existing shareholders.
Promoters Ankit Garg and Chaitanya Ramalingegowda, along with other shareholders including Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP and Paramark KB Fund I, will participate in the OFS.
Wakefit plans to deploy ₹31 crore for establishing 117 new COCO-Regular Stores, ₹15.4 crore for new equipment and machinery, and ₹161.4 crore towards lease and rental payments for existing stores.
A further ₹108.4 crore is allotted to marketing and advertisement expenses, while the remaining proceeds will go towards general corporate purposes.
Earlier this month, Wakefit raised ₹56 crore from DSP India Fund and 360 ONE Equity Opportunities Fund as part of its pre-IPO funding round.
Founded in 2016, Wakefit has emerged as one of the fastest-growing homegrown players in India’s organised home and furnishings market, surpassing ₹1,000 crore in total income as of March 31, 2024.
The company operates 5 manufacturing facilities across Karnataka, Tamil Nadu and Haryana, featuring automation technologies such as robotic arms and roller belts to improve efficiency.
For the 6 months ended September 30, 2025, Wakefit reported revenue from operations of ₹724 crore and a profit of ₹35.5 crore. Axis Capital, IIFL Capital Services and Nomura Financial Advisory and Securities (India) Private Ltd are acting as book-running lead managers, with the shares proposed to be listed on both the BSE and NSE.
Read More: Record-Breaking IPO Funding: India Raises ₹1.6 Lakh Crore in 2025 With More Issues Lined Up!
Wakefit’s IPO marks a strategic move to accelerate expansion, modernise manufacturing and enhance brand visibility. With strong financial traction and growing market presence, the company aims to strengthen its position in India’s organised home and furnishings sector through this public offering.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Dec 1, 2025, 2:40 PM IST
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