Wakefit Innovations, a leading Indian home-furnishing and sleep solutions company, is set to launch its Initial Public Offering (IPO) on 8 December 2025, which will remain open for subscription until 10 December. The company aims to raise ₹377.17 crore through fresh shares, while existing investors are expected to sell over 4.67 crore shares via an Offer-for-Sale (OFS), taking the total issue size close to ₹1,400 crore.
Promoters Ankit Garg and Chaitanya Ramalingegowda, along with early investors and private equity funds, are participating in the OFS. An anchor investor round is scheduled for 5 December. Allotments are expected on 11 December, with the shares listing on stock exchanges around 15 December.
The IPO allocation will see 75% reserved for institutional investors, 15% for non-institutional investors, and 10% for retail investors.
Wakefit plans to expand its retail footprint by opening 117 new company-owned stores across India. Funds will also be used for equipment, store leases, marketing, and general corporate purposes to support growth.
For the six months ending September 2025, Wakefit reported a net profit of ₹35.57 crore on revenue of around ₹724–₹741 crore. For FY 2024–25, total revenue exceeded ₹1,300 crore, though the company posted a net loss of ₹35 crore. In FY 2023–24, Wakefit had a net loss of ₹15 crore.
The IPO is expected to help Wakefit strengthen its brand presence, expand retail operations, and continue growing in the competitive home-furnishing market.