Wakefit Raises ₹56 Crore in Pre-IPO Round, Valued at ₹6,408 Crore

Wakefit Innovations has strengthened its pre-IPO funding pipeline by raising ₹56 crore at a valuation of ₹6,408 crore. The Bengaluru-based home and furnishings company, backed by notable global investors, is progressing towards a public offering planned for later this year. 

Pre-IPO Funding Details and Investor Participation 

Wakefit carried out a private placement of 28,71,794 equity shares at ₹195 per share, raising ₹56 crore. DSP India Fund acquired 20,51,282 shares for ₹40 crore, while 360 ONE Equity Opportunities Fund picked up 8,20,512 shares for ₹16 crore.  

The placement forms part of a wider ₹93.6 crore pre-IPO plan approved earlier in November. Based on the expected upper price band of ₹195, the total IPO size could be about ₹1,607 crore. 

IPO Structure and Planned Utilisation of Proceeds 

The IPO will include a fresh issue worth ₹468.22 crore and an offer-for-sale of 5.8 crore shares by promoters and existing investors. Peak XV Partners, Redwood Trust, Verlinvest, SAI Global India Fund and Investcorp will be among the sellers.  

Proceeds from the fresh issue will support the rollout of 117 new COCO Regular Stores and one COCO Jumbo Store, rental payments for existing outlets, purchases of machinery and equipment, and marketing initiatives, with the remainder allocated to general corporate needs. 

Read More: Upcoming IPOs This Week (17–21 Nov, 2025): Check Full List Here! 

Conclusion 

With regulatory approvals in place and fresh capital secured, Wakefit is gearing up for a substantial public issue as it looks to accelerate its nationwide expansion in the home and furnishings segment. 

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