Wakefit shares list flat at IPO price on NSE at Rs 195; should you buy, sell or hold?

Wakefit shares list at stock exchanges.

Wakefit shares listed flat on the stock exchanges at its initial public offering (IPO) price on Monday, following more than 2 times subscription to its issue between December 8-10 in the primary market.

Shares of Wakefit Innovations listed at Rs 195 per share on the National Stock Exchange (NSE). The Rs 1,289-crore issue had a price band of Rs 185-195 per share.

On the BSE, the shares of the company were listed at Rs 194.10, a discount of 0.46 percent. The company's market capitalization post listing of shares stood at Rs 6,343.74 crore.

Earlier, the home and furnishings company collected Rs 580 crore from anchor investors.

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Wakefit share listing: Should you buy, sell or hold?

Mahesh M Ojha, VP – Research & Business Development at Kantilal Chhaganlal Securities, said the IPO valuation had been "rerated" on metrics such as price-to-sales, which were higher than some peers. "The view remains neutral; monitor after listing. Profits can be booked if there are any listing gains," he said.

Wakefit share listing; analysts recommend profit booking on possible listing gains

Wakefit proposes to utilise the proceeds from the fresh issue worth Rs 31 crore for setting up 117 new COCO-Regular Stores; Rs 15.4 crore towards purchase of new equipment and machinery, Rs 161.4 crore for expenditure for lease and sub-lease rent and license fee payments for existing stores.

Additionally, Rs 108.4 crore will be used towards marketing and advertisement expenses for enhancing the awareness and visibility of the brand, and the remaining amount will be used for general corporate purposes.

Incorporated in 2016, Wakefit is one of the fastest homegrown players in the home and furnishings market in India among organised peers to achieve a total income of more than Rs 1,000 crore as of March 31, 2024.

Wakefit reported a revenue from operations of Rs 724 crore and a profit of Rs 35.5 crore for the six months ending September 2025.