Wakefit Innovations, a home and sleep solutions provider, made a muted entry into the Indian equity markets on December 15, 2025, following the completion of its initial public offering. The company’s shares began trading at ₹195 per share on the National Stock Exchange, matching the IPO issue price, while listing marginally lower on the Bombay Stock Exchange.
The public issue helped Wakefit Innovations raise ₹1,288.89 crore, marking an important milestone in the company’s growth journey since its incorporation in 2016.
Listing Performance
On the NSE, Wakefit Innovations shares opened at ₹195 per share, indicating a flat debut against the issue price. On the BSE, the stock listed at ₹194.10 per share, reflecting a decline of 0.46% compared with the IPO price.
Following the listing, the company’s market capitalisation stood at approximately ₹6,343.74 crore, reflecting investor caution amid a subdued debut.
IPO Structure and Subscription Response
The Wakefit Innovations IPO comprised a fresh issue of 19.3 million equity shares amounting to ₹377.18 crore, along with an offer for sale of 46.8 million equity shares valued at ₹911.71 crore. The shares were offered within a price band of ₹185 to ₹195 per share, with a lot size of 76 shares. The issue remained open for subscription from December 8 to December 10, 2025, and the basis of allotment was finalised on December 11.
The offering received a moderate response from investors, with overall subscription standing at around 2.52 times, according to exchange data. The issue price was fixed at the upper end of the band at ₹195 per share.
Utilisation of IPO Proceeds
As outlined in the Red Herring Prospectus, Wakefit Innovations will not receive any proceeds from the offer for sale, as those funds will be distributed to the selling promoters and shareholders.
The company plans to deploy the net proceeds from the fresh issue across multiple operational priorities. This includes ₹30.8 crore for the rollout of 117 new company-owned and company-operated regular stores, and ₹161.5 crore towards lease, sub-lease rentals and licence fee payments for existing stores. Additionally, ₹15.4 crore has been earmarked for the purchase of new equipment and machinery, while ₹108.4 crore will be allocated to marketing and advertising activities. The remaining funds are intended to support general corporate requirements.
Company Overview
Founded in 2016, Wakefit Innovations has emerged as one of the fastest-growing homegrown players in India’s organised home and furnishings segment. The company crossed ₹1,000 crore in total income as of March 31, 2024. For the six months ended September 2025, Wakefit reported revenue from operations of ₹724 crore along with a profit of ₹35.5 crore, underscoring improving financial traction.
Issue Management
MUFG Intime India acted as the registrar for the Wakefit Innovations IPO. Axis Capital, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) served as the book-running lead managers for the issue.
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Conclusion
Wakefit Innovations’ flat listing reflects a cautious market response despite a reasonable subscription to its public issue. While the debut fell short of expectations, the IPO has provided the company with capital to expand its retail footprint, strengthen operational infrastructure and enhance brand visibility. As Wakefit continues to scale its presence in India’s home and furnishings market, its post-listing performance will remain closely watched by market participants.
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