Wakefit Innovations IPO

Wakefit Innovations IPO is a public issue of a leading D2C home and sleep solutions brand, opening for subscription on December 8, 2025 and closing on December 10, 2025, with listing scheduled on December 15, 2025. The issue combines a strong brand-led growth story with recent improvement in profitability, but investors should note the relatively modest margins and negative return ratios as key risk factors.

Issue snapshot

• Business: Wakefit is a 2016-founded omni-channel brand in mattresses and home furniture, with a strong online presence and an expanding COCO (company-owned, company-operated) store network across India.
• Use of proceeds: Key objects include store expansion, lease and license payments for existing stores, new equipment and machinery, and brand-building/marketing, along with general corporate purposes.
• Promoters: Ankit Garg and Chaitanya Ramalingegowda; promoter holding declines from 43.01% pre-issue to 36.83% post issue, indicating meaningful but not excessive dilution.

Key IPO timelines

• IPO open: December 8, 2025
• IPO close: December 10, 2025
• Basis of allotment: December 11, 2025
• Refunds & credit to Demat: December 12, 2025
• Listing date: December 15, 2025
• Anchor bidding: December 5, 2025, with 5,74,800 shares allotted worth about ₹11.09 crore.

Financials and valuation snapshot

Wakefit Innovations Ltd.'s revenue increased by 28% and profit after tax (PAT) dropped by 133% between the financial year ending with March 31, 2025 and March 31, 2024.

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 Performance Indicator (KPI)

KPI as of Mon, Mar 31, 2025.

 

KPI	Values
ROE	-6.58%
ROCE	-0.68%
Debt/Equity	0.53
RoNW	-6.72%
PAT Margin	-2.75%
EBITDA Margin	7.13%
Market Capitalization	₹6,373.16 Cr.

 

IPO Lot size:-

Retail investors can apply in a minimum market lot of 76 shares, which requires an application amount of about ₹14,820; the retail maximum is 13 lots (988 shares) for approximately ₹1,92,660. The S-HNI bucket ranges from 14 to 67 lots, while B-HNI applications start from 68 lots upwards, signifying targeted participation across investor classes.

IPO Reservations :-

As per the reservation structure, 75% of the net issue is earmarked for QIBs (excluding anchor), 15% for NIIs and 10% for retail investors, in line with a typical mainboard IPO with institutional focus. This mix underlines the expectation of strong institutional participation, especially given the consumer-brand and discretionary spending theme.

 

Objective of the IPO :-

S.No.	Objective of the Issue	Expected Amount (₹ in crores)
1	. Capital expenditure to be incurred by our Company for setting up of 117 new COCO – Regular Stores	30.84
2	Expenditure for lease, sub-lease rent and license fee payments for our existing COCO – Regular Stores	161.47
3	Capital expenditure to be incurred by our Company for purchase of new equipment and machinery	15.41
4	Marketing and advertisement expenses toward enhancing the awareness and visibility of our brand	108.40
5	General corporate purposes

 

Key Strengths:-

• • Leading D2C home brand with strong growth
  • Vertically integrated, full‑stack model
  • Strong brand and omnichannel presence
  • Large and expanding addressable market
  • Improving operating metrics and low leverage

 

Key Risks:-

• • Profitability still volatile; net losses continue
  • High dependence on mattresses and the Wakefit brand
  • Input cost and supply‑chain sensitivity
  • Capital‑intensive expansion and lease commitments
  • Intense competition in home & furniture
  • Channel and logistics dependence

 

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs on Wakefit Innovations IPO

Q1. What does Wakefit Innovations do?
Wakefit is a home and sleep solutions company offering mattresses, pillows and an expanding range of furniture such as beds, sofas, wardrobes, study tables and other home products, sold through a D2C online model and COCO stores.

Q2. What are the Wakefit IPO dates?
The IPO opens on December 8, 2025 and closes on December 10, 2025, with allotment on December 11 and listing on December 15, 2025.

Q3. What is the minimum lot size and investment for retail investors?
The minimum application is 1 lot of 76 shares, requiring an investment of about ₹14,820; retail investors can apply for up to 13 lots.

Q4. How is the issue reserved across investor categories?
Approximately 75% of the net issue is reserved for QIBs, 15% for NIIs and 10% for retail investors, as per the disclosed reservation pattern.

Q5. How have Wakefit’s financials trended recently?
Revenue has grown steadily from ₹820.01 crore (FY23) to ₹1,305.43 crore (FY25), while profitability remains modest with a PAT of ₹35 crore in FY25 and negative ROE and PAT margin metrics on FY25 valuation data.

Q6. How can JM Financial Services help with this IPO?
JM Financial Services can assist with IPO research, application routing via their broking platform, funding solutions for HNIs where appropriate, and post-listing strategy as part of an overall equity and consumer-sector allocation.