Wakefit IPO to open for bidding next week; price band, subscription dates; all you need to know

Wakefit shares are slated to list on the stock exchanges on December 15.

Wakefit Innovations initial public offering (IPO) will open for public subscription on Monday, with the issue size pegged at Rs 1,289 crore.

The home and furnishings company has set a price band of Rs 185–195 per share for its maiden share sale, valuing the Bengaluru-based firm at nearly Rs 6,400 crore. The IPO will close on December 10, while allocation to anchor investors is scheduled for December 5.

According to the company, proceeds from the fresh issue will be deployed towards setting up 117 new COCO-Regular Stores (Rs 31 crore), purchase of equipment and machinery (Rs 15.4 crore), and lease-related payments for existing stores (Rs 161.4 crore). A further Rs 108.4 crore has been earmarked for marketing and advertising to strengthen brand visibility, with the balance to be used for general corporate purposes.

Wakefit has revised the size of its fresh issue to up to Rs 377 crore (previously Rs 468 crore).

The price band was finalised on Tuesday. The grey market premium is currently flat.

Incorporated in 2016, Wakefit is among the fastest-growing homegrown players in the organised home and furnishings segment to cross Rs 1,000 crore in total income as of March 31, 2024.

The company offers a range of mattresses, furniture and furnishings through its own online platform, COCO-Stores and external channels, including major e-commerce marketplaces and multi-brand outlets.

Wakefit operates as a vertically integrated company involved in designing, manufacturing, distribution and customer engagement. It runs five manufacturing facilities — two in Bengaluru, two in Hosur and one in Sonipat — equipped with imported machinery and automation systems.

For the six months ended September 30, 2025, the company reported revenue from operations of Rs 724 crore and a profit of Rs 35.5 crore.

Wakefit shares are expected to be allotted by December 11, while listing is schedule to take place on December 15.

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