Wakefit Innovations IPO GMP Hints At Tepid Listing, Issues Sees Muted Demand On Second Day Of Subscription

Wakefit Innovations IPO GMP: The public issue of Wakefit Innovations witnessed weak demand on the second day of subscription. The grey market premium (GMP) for the mattress and furniture maker’s shares continued to decline on the second day of subscription.

Wakefit Innovations IPO: Subscription Update

Wakefit Innovations IPO has been booked 27 per cent across categories on the second day of subscription. Applicants cumulatively bid for 9.95 million shares of the mattress maker's public issue compared to the 36.35 million shares offered for subscription.

The direct-to-consumer (D2C) furniture retailer’s public issue has been booked 1.31 times by retail individual investors (RIIs) as they applied for 8.65 million shares against the 6.6 million shares set aside for the retail category.

Wakefit Innovations IPO has been subscribed to 13 per cent in the non-institutional investor (NIIs) category. NIIs have applied for more than 1.28 million shares so far, compared to the 9.91 million shares reserved for the category. Qualified institutional buyers placed bids for 10,488 shares against the 19.82 million shares reserved for them.

Wakefit Innovations IPO GMP

Wakefit Innovations shares are commanding a grey market premium of Rs 5 per share. Based on the trends in grey market premium, shares of Wakefit Innovations are expected to make a muted debut at Rs 200 per share with gains of 2.56 per cent.

Wakefit Innovations IPO: Issue Size and Price Band

The initial public offering of Wakefit Innovations has a total offer size of Rs 1,288.89 crore. Wakefit’s Rs 1,288.89 crore consists of a fresh issuance of 19.3 million shares aggregating to Rs 377.18 crore and an offer for sale of 46.8 million shares aggregating to Rs 911.71 crore. The price band for Wakefit Innovations IPO has been fixed at Rs 185 to Rs 195 per share.

Wakefit Innovations IPO: Anchor Investors

Wakefit Innovations raised Rs 186 crore from three investors, Steadview Capital, WhiteOak Capital, InfoEdge and Temasek-backed Capital 2B, selling 9.557 million shares at Rs 195 per share. The mattress manufacturer also saw participation from HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong, 360 One, Steadview Capital, Amundi Funds New Silk Road, HDFC Mutual Fund, and Axis Mutual Fund in its anchor investment round, as the company raised Rs 580 crore.

Wakefit Innovations IPO: Lot Size and Minimum Investment

Retail investors interested in applying for Wakefit Innovations IPO can place bids for a minimum of 76 shares, which aggregates to an investment of Rs 14,820.

Wakefit Innovations IPO: Subscription Window, Listing Date, Allotment Date

Wakefit Innovations' IPO subscription window opened on December 8 and is scheduled to close tomorrow, on December 10. The book-building issue’s share allotment status will be decided on December 11.

After the finalisation of the share allotment status of the public issue, refunds will be initiated for unsuccessful bidders on December 12. Successful bidders will receive shares of Wakefit Innovations in their demat accounts on December 12 as well. Wakefit Innovations shares will be listed on the NSE and BSE. The tentative listing date for Wakefit Innovations’ shares is December 15.

Wakefit Innovations: Key financials

In the three months ended September 30, 2025, the mattress maker posted a total income of Rs 741.30 crore, the net profit of the company stood at Rs 35.57 crore, and the networth of the company aggregated to Rs 557.34 crore.

Wakefit Innovations’ revenue for FY25 stood at Rs 1,305.43 crore, increasing by over 28 per cent from Rs 1,017.33 crore in FY24. The D2C company’s net loss widened to Rs 35 crore in FY25 from a net loss of Rs 15.05 crore in FY24.

Wakefit Innovations IPO: Registrar

The book running lead manager for Wakefit Innovations IPO is Axis Capital, and the registrar for the issue is MUFG Intime India.

Wakefit Innovations: Promoters

The promoters of Wakefit Innovations include Ankit Garg and Chaitanya Ramalingegowda. The shareholding of Wakefit Innovations will reduce from 43.01 per cent prior to the public issue to 36.83 per cent post the issue.

Wakefit Innovations IPO: Objective

Wakefit Innovations will use Rs 30.84 crore out of the money generated via the public issue for setting up 117 new co-owned co-operatives (COCO) stores. As much as Rs 161.47 crore from the proceeds will be used for license fee payments for leasing, sub-leasing and license fee payments for the company’s existing COCO stores. As much as Rs 15.41 crore out of the proceeds will be used for buying new equipment and machinery, and Rs 108.4 crore will be used for funding marketing and advertisement expenses. A portion of the proceeds will also be utilised by the company for general corporate purposes.

About Wakefit Innovations

Wakefit Innovations was incorporated in 2016. The company operates a D2C brand which sells mattresses, furniture, and home décor products. The company’s product portfolio includes pillows, beds, sofas, study tables, wardrobes, and other furniture items. The company deploys multiple channels to sell its products. Presently, the company sells its goods across 700 districts spread across 28 states and 6 union territories.