Wakefit Innovations—one of India’s fastest-growing sleep and home solutions companies—is gearing up for its much-awaited IPO in December 2025. The company, known for its mattresses, furniture, and sleep products, has built a strong brand presence in Indian households. But the biggest question for investors remains:
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Wakefit Innovations IPO Key Details
The Wakefit IPO is scheduled to open on December 8, 2025 and close on December 10, 2025. The company plans to raise ₹1,288.89 crores, which includes:
- Fresh issue: ₹377.18 crores
- Offer for sale (OFS): 4,67,54,405 shares
The company has fixed a price band of ₹185 to ₹195 per share. Listing is expected on BSE and NSE on December 15, 2025.
The subscription categories are divided as follows:
- Retail Investors – 10%
- QIB – 75%
- HNI – 15%
Wakefit Innovations IPO: Schedule & Timeline
| Event | Date |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Basis of Allotment | December 11, 2025 |
| Refunds | December 12, 2025 |
| Shares to Demat | December 12, 2025 |
| Listing Date | December 15, 2025 |
| Cut-Off Time | December 10, 5 PM |
Wakefit Innovations IPO Market Lot
Retail investors can apply with a minimum of 1 lot (76 shares).
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 76 | ₹14,820 |
| Retail Maximum | 13 | 988 | ₹1,92,660 |
| S-HNI Minimum | 14 | 1,064 | ₹2,07,480 |
| S-HNI Maximum | 67 | 5,092 | ₹9,92,940 |
| B-HNI Minimum | 68 | 5,168 | ₹10,07,760 |
Wakefit Innovations IPO Reservation
| Category | % Shares |
|---|---|
| QIB (Except Anchor) | 75% |
| NII/HNI | 15% |
| Retail | 10% |
Wakefit Innovations IPO Prospectus
› Wakefit Innovations IPO DRHP
› Wakefit Innovations IPO RHP
Wakefit Anchor Investors
| Particular | Details |
|---|---|
| Anchor Bidding Date | December 5, 2025 |
| Anchor Size | ₹11.09 Cr |
| Shares Offered | 5,74,800 shares |
| Lock-in (50%, 30 days) | January 10, 2026 |
| Lock-in (remaining 50%, 90 days) | March 11, 2026 |
Company Background: Wakefit Innovations Ltd
Started in 2016, Wakefit Innovations is now a well-known brand in India’s sleep solutions and home furniture market. The company disrupted the mattress industry by selling directly to consumers (D2C) and keeping prices affordable.
Their product range now includes:
- Memory foam mattresses
- Bed frames
- Sofas
- Study tables
- Wardrobes
- Home furniture
- Sleep accessories
The company’s online-first strategy and customer-driven innovations helped it emerge as a top player in a short span of time.
Wakefit Innovations: Financial Performance
While revenue has shown steady growth, Wakefit is still loss-making, which is a major concern for many new investors considering the Wakefit IPO review.
Wakefit Financial Report (₹ in Crores)
| Year | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 820.01 | 965.69 | -145.68 | 791.80 |
| 2024 | 1,017.33 | 1,032.39 | -15.05 | 928.30 |
| 2025 | 1,305.43 | 1,340.43 | -35.00 | 1,050.75 |
| Sept 2025 | 741.30 | 705.73 | 35.57 | 1,220.34 |
Key Observations
- Revenue increased from ₹1,017 Cr to ₹1,305 Cr (2024–2025).
- Net loss increased from -₹15 Cr to -₹35 Cr.
- Profitability still inconsistent.
- Despite losses, operational metrics have improved, indicating growth potential.
Wakefit IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | (6.72%) |
| ROCE | (0.68%) |
| EBITDA Margin | 7.13% |
| PAT Margin | (2.75%) |
| EPS | -₹1.15 |
| P/E | Not Applicable |
| NAV | ₹16.96 |
What This Means for Investors
- EPS negative → can’t compare P/E with peers.
- ROE and margins are weak → early-stage growth company.
- Revenue strong, but profitability remains a challenge.
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Sheela Foam (Sleepwell) | 8.84 | 77.26 | 2.98% | 278.35 | ₹3,439.19 Cr |
Wakefit is still far behind Sheela Foam in profitability but is rapidly catching up in brand presence and product expansion.
Promoter Shareholding
| Particular | Shares | % Share |
|---|---|---|
| Pre-Issue | 30,74,86,214 | 43.01% |
| Post-Issue | 32,68,28,675 | 36.83% |
The decrease in promoter holding after the IPO indicates partial dilution—normal in growth-stage IPOs.
Use of IPO Funds (Objects of the Issue)
| Purpose | Amount (Cr) |
|---|---|
| Opening 117 new COCO stores | ₹30.84 |
| Lease & rental costs for existing stores | ₹161.47 |
| Equipment & machinery | ₹15.41 |
| Marketing & brand visibility | ₹108.40 |
| General corporate purposes | – |
This clearly shows that Wakefit is aggressively focusing on expansion and brand-building, important for long-term growth.
Should You Apply for Wakefit Innovations IPO? (Expert Analysis)
Investors looking at the Wakefit Innovations IPO should evaluate both strengths and risks.
Strengths
✔ Strong Brand in D2C Mattress & Furniture
Wakefit is one of India’s top online mattress sellers, with massive trust among young buyers.
✔ Solid Year-on-Year Revenue Growth
Revenue jumped from ₹1,017 Cr to ₹1,305 Cr, proving strong demand for its products.
✔ Expanding Product Portfolio
Furniture, storage, and home accessories improve revenue stability.
✔ Huge Market Opportunity
India’s furniture and mattress market is expanding rapidly.
Risks
✖ Company is Still Loss Making
Despite revenue growth, Wakefit has not achieved consistent profitability.
✖ Competition is Intense
Sheela Foam, Pepperfry, IKEA, Urban Ladder, Sleepyhead—all major players.
✖ High Marketing & Expansion Cost
This may continue to put pressure on profits.
Final Verdict: Should You Apply?
If you are looking for listing gains only, this IPO may be moderate to high risk due to losses and high valuations.
But if you are a long-term investor, the company’s growth, expanding offline presence, and strong brand may offer substantial returns in the future.
👉 Best suited for long-term investors with moderate risk tolerance.
The “Wakefit Innovations IPO” offers strong potential but is not a guaranteed short-term win.
Wakefit Innovations IPO FAQs (Quick Answers)
1. What is Wakefit IPO?
A mainboard IPO to raise ₹1,288.89 Cr.
2. When does the Wakefit IPO open?
December 8, 2025
3. What is the price band?
₹185–₹195
4. What is the lot size?
76 shares
5. Is Wakefit profitable?
No, the company is currently loss-making.
6. Listing date?
December 15, 2025 on BSE & NSE
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