IPO
Mattress seller Wakefit’s Rs.1,289-Cr IPO subscribed 60%
Bengaluru-based Wakefit Innovations ' INR 1,288.89-crore initial public offering (IPO) was subscribed 60%, with bids for 2.09 crore shares against the 3.63 crore shares offered. Retail Individual Investors (RIIs) subscribed 2.36 times while Non-Institutional Investors’ (NIIs) quota saw 40% subscription. Qualified Institutional Buyers’s (QIBs) portion received 7% bids. The price band for the issue was fixed at INR 185 - 195 per share.The company sells mattresses, furniture, and home decor products and plans to expand its offline presence through company-owned experience stores.
Between Dec-18 and Jun-25, Wakefit had attracted about USD 108.71 M from Peak XV Partners, Susquehanna Asia VC, Verlinvest, InvestCorp Group, Paramark Ventures, Elevation Capital, and others.For FY25, Wakefit had reported about INR 1,273.69 Cr in Operating Income and about INR 35 Cr in Net Loss.
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