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Wakefit Innovations IPO
Price Band
₹185.0–195.0
Issue Size
₹1288.89 Cr
Lot Size
76 shares
Min Investment
₹14,820
GMP
+₹4.0 (2.05%)
Issue Price
₹195.0
Subject to Sauda
₹200
Paid only if allotted
Wakefit Innovations IPO AI Summary
- Wakefit Innovations IPO is listed on BSE, NSE in the Furniture, Home Furnishing sector.
- Price band: ₹185.0–₹195.0 per share, lot size 76 shares (min. investment ₹14,820).
- Subscription window: 08 Dec–10 Dec 2025, listing on 15 Dec 2025.
- Current GMP is +₹4.0 (2.05%), an estimated listing price of ₹199 — unofficial and can change daily.
Wakefit Innovations Limited is a growing player in the D2C home and sleep solutions sector, with a diverse product range and a strong market presence. While the company shows potential for growth, it has faced financial challenges in recent periods, which investors should consider before participating in the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Wakefit Innovations IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Dec 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Wakefit Innovations IPO Grey Market Premium (GMP) Today
GMP
+₹4.0
GMP %
+2.05%
Est. Listing
₹199.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2016, Wakefit Innovations Limited is a Indian D2C (Direct-to-Consumer) home and sleep solutions company, best known for its high-quality and affordable range of mattresses, furniture, and home décor products. The company initially gained popularity with its memory foam mattresses sold directly to customers online, eliminating middlemen and offering competitive prices. Over time, Wakefit expanded its portfolio to include pillows, beds, sofas, study tables, wardrobes, and other furniture items, catering to the evolving needs of modern Indian homes. The company operates primarily through its digital channels, supported by strong logistics and customer service, which enables it to reach customers across urban and semi-urban areas in India. Product Portfolio: Mattresses Furniture Furnishings The company sells products across 700 districts across 28 states and 6 union territories. As of Sep 30, 2025, it has 125 stores in 62 cities across 19 states and 2 union territories. Competitive Strengths: Largest and fastest growing D2C home and furnishing solutions destination Comprehensive home and furnishing solutions brand with a core focus on product innovation Full-stack vertically integrated operations with differentiated processes and technical capabilities Omnichannel sales presence and strategically located store network The multi-faceted marketing approach enhancing the brand image
Company Financials (₹ Cr)
As of 2025-09-30
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 1,220.34 | 1,050.75 | 928.30 | 791.80 |
| Total Income | 741.30 | 1,305.43 | 1,017.33 | 820.01 |
| Profit After Tax | 35.57 | -35.00 | -15.05 | -145.68 |
| EBITDA | 103.19 | 90.83 | 65.85 | -85.75 |
| NET Worth | 557.34 | 520.57 | 543.61 | 505.08 |
| Reserves and Surplus | 522.34 | 500.27 | 523.33 | 486.99 |
| Total Borrowing | 7.36 |
Key Ratios
EPS
₹-1.14
NAV
₹16.96
ROE
-6.58%
ROCE
-0.68%
RoNW
-6.72%
P/B Value
11.50
P/E Ratio
-171.29
Market Cap
₹6373.16 Cr
PAT Margin
-2.75%
Debt/Equity
0.53
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sheela Foam Ltd | 278.35 | 2.98% | 77.26 | 8.84 | 8.84 |
| Wakefit Innovations Limited This IPO | 16.96 | -6.72% | — | -1.15 | -1.15 |
Promoters
Ankit Garg and Chaitanya Ramalingegowda
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure to be incurred by the Company for setting up of 117 new COCO-Regular Stores 30.84 2 Expenditure for lease, sub-lease rent and license fee payments for existing COCO-Regular Stores 161.47 3 Capital expenditure to be incurred by Company for purchase of new equipment and machinery 15.41 4 Marketing and advertisement expenses toward enhancing the awareness and visibility of brand 108.40 5 General Corporate Purposes 33.07 6 Issue expenses 80.25 Total 429.45
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹820.01 Cr in the period ending 31 Mar 2023, increasing to ₹1,017.33 Cr by 31 Mar 2024. However, it then declined to ₹1,305.43 Cr by 31 Mar 2025, before dropping to ₹741.30 Cr in the most recent period ending 30 Sep 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
The profit after tax was a loss of ₹145.68 Cr in the period ending 31 Mar 2023, improving to a loss of ₹15.05 Cr by 31 Mar 2024. This loss continued with a profit of ₹-35.00 Cr in the period ending 31 Mar 2025, and then turned positive with a profit of ₹35.57 Cr in the most recent period ending 30 Sep 2025.
Valuation
The implied P/E ratio for Wakefit Innovations Limited at the issue price is approximately -171.29, compared to peers like Sheela Foam Ltd, which has a P/E of 77.26.
Key Risks
Potential risks include market competition, reliance on online sales channels, and the company's history of financial losses, which may affect investor confidence.
Grey Market Premium, Explained
The grey market premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market position. It is important to consider the company's financial health and market conditions before making an investment decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, profitable companies may want to avoid this IPO due to its recent history of losses and financial instability.
IPO Timeline, Explained
The IPO opens for subscription on December 8, 2025, and closes on December 10, 2025. Allotment of shares will be on December 11, 2025, with the listing date set for December 15, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit that investors can make when shares are listed on the stock exchange. However, these gains are not guaranteed, and the stock price can fluctuate significantly on the listing day, influenced by market sentiment and demand.
This evaluation is generated from Wakefit Innovations's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Wakefit Innovations IPO GMP today?
Wakefit Innovations IPO GMP today is +₹4.0 (2.05%), indicating an estimated listing price of ₹199. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Wakefit Innovations IPO?
The price band of Wakefit Innovations IPO is ₹185.0–₹195.0 per share.
When does Wakefit Innovations IPO open and close?
Wakefit Innovations IPO opens on 08 December 2025 and closes on 10 December 2025.
When does Wakefit Innovations IPO list on the stock exchange?
Wakefit Innovations IPO listed on 15 December 2025 at ₹199.0.
What is the lot size for Wakefit Innovations IPO?
The lot size for Wakefit Innovations IPO is 76 shares, requiring a minimum investment of ₹14,820.
What is the price band for the IPO?
The price band for the IPO is ₹185.0 to ₹195.0.
What is the minimum investment required?
The minimum investment required is ₹14,820.0.
What is the lot size for the IPO?
The lot size for the IPO is 76 shares.
When is the listing date?
The listing date is December 15, 2025.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected price movement of the shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Dec 2025
Close
10 Dec 2025
Allotment
11 Dec 2025
Listing
15 Dec 2025
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