Wakefit IPO Price Band Fixed At Rs 185-195, Issue Opens Next Week: Should You Apply?

Wakefit IPO Price Band: Wakefit Innovations has announced the price band for its initial public offering (IPO). The bidding window for the public issue is scheduled to open next week. The mattress and furniture manufacturer plans to raise Rs 1,288.89 crore through its public issue. Here’s a look at some of the key details related to the direct-to-customer (D2C) company’s public issue:

Wakefit Innovations IPO: Offer Size and Price Band

Wakefit’s Rs 1,288.89 crore fundraise consists of a fresh issue of 19.30 million shares aggregating to Rs 377.18 crore and an offer for sale (OFS) of 46.80 million shares amounting to Rs 911.71 crore. The price band for Wakefit IPO has been fixed at Rs 185-195 per share. The minimum lot size to apply for retail investors has been set at one lot consisting of 76 shares aggregating to a minimum investment of Rs 14,820.

Wakefit IPO: Subscription Window, Allotment Date, Listing Date

The subscription window for Wakefit Innovations’ IPO is scheduled to open on December 8 and close on December 10. The basis of allotment for shares is expected to be determined on December 11, with successful bidders receiving the shares in their demat accounts on December 12. The shares are slated to list on the BSE and NSE on December 15.

Wakefit Innovations IPO: Key Financials

Wakefit Innovations posted a total income of Rs 741.30 crore, the company’s profit-after-tax (PAT) stood at Rs 35.57 crore and net worth stood at Rs 557.34 crore.

Wakefit Innovations’ total income increased by over 28 per cent to Rs 1,305.43 crore in the financial year ending March 31, 2025, compared to Rs 1,017.33 crore in the preceding fiscal. The company turned profitable in FY 2024-25, with its net profit recorded at Rs 35.57 crore compared to a net loss of Rs 35 crore in FY 2023-24.

Wakefit Innovations: Business Model

Wakefit Innovations manufactures and sells products within the home decor and furnishings category. The company sells its products, such as mattresses, furniture, and furnishings, through its omni-channel presence catering to both online and offline customers. The company is a full-stack player as it claims to do the conceptualisation, design, manufacturing and distribution of its products by itself. The company caters to the mass, masstige, and premium segments. The company generates revenue vis-a-vis the sale of its goods through its omni-channel presence.

Wakefit Innovations: Competitors

Wakefit Innovations mentioned in its red herring prospectus (RHP) that the home and furnishings industry in India is competitive, fragmented and largely unorganised. The barriers in the market are low. As such, a significant proportion of the home solutions industry in India is unorganised and competitors run unbranded and smaller scale operations. The company competes with smaller unorganised players and with large players, such as Lifestyle International, Godrej and Boyce Manufacturing, Sheela Foam, IKEA India, Duroflex, D’Décor Home Fabrics and Royaloak Incorporation.

Wakefit Innovations IPO: Should You Apply?

Here’s a look at the strengths and risks mentioned by the D2C company which investors must consider before applying for the public issue.

Wakefit Innovations: Key Risks

Here’s a look at some of the key risks related to Wakefit Innovations business according to the company’s RHP.

• Wakefit Innovations derives a major portion of its revenue from its mattress sales. The company’s revenue from the sale of mattresses accounted for 60.65 per cent of its revenue from operations in the six-month period ending September 30, 2025. Thus, any shifts in consumer preferences or supply chain disruptions can adversely affect the company’s financial condition and cash flows.

• It disclosed that it has experienced negative cash flows from operating activities in Fiscal 2023 and may continue to have negative cash flows in the future which can adversely impact the financial condition of the company.

• The company said in the RHP that it relies on third party logistics service providers to transport its products, and any disruption in its transportation arrangements or increase in transportation costs can adversely affect its results of operations.

Wakefit Innovations: Key Strengths

Here’s a look at some of the key strengths of Wakefit Innovations, according to the company’s RHP.

• Wakefit Innovations claims it is a comprehensive home and furnishing solutions brand, as it is the only D2C home and furnishings company in India to have scaled across core product categories for the segment; mattresses, furniture, and furnishings and décor, according to the RedSeer report.

• Wakefit Innovations has full-stack vertically integrated operations with differentiated processes which enable it to control all aspects of its operations.

• The company claims to have a business model with a track record of delivering financial growth led by operating leverage and optimisation of process efficiencies.

Wakefit Innovations IPO: Objective

Wakefit Innovations plans to use the funds for the setting up of 117 new co-owned, co-operated (COCO) regular stores. The proceeds will also be used for the leasing of the COCO stores and for license fee payments related to existing COCO stores. In addition, the company also plans to use the funds for purchasing new equipment and machinery, marketing and advertisement expenses, and general corporate purposes.