Due to high retail demand, Wakefit's December 10 IPO was oversubscribed 2.52 times. For the six months ending in September 2025, the company reported ₹724 crore in sales and ₹35.5 crore in profit; promoter shareholding is expected to decrease to 37%.
Wakefit Innovations IPO: Institutional and retail interest drove Wakefit Innovations' IPO through on Wednesday, December 10, the last day of the bidding process. The mainboard deal was 39% booked by the conclusion of the second day.In the meantime, amid conflicting opinions about the initial share sale, the grey market premium (GMP) for the Wakefit IPO fell precipitously.
Status of Wakefit Innovations' IPO Subscription
The ₹1,289-crore issue attracted 9,16,72,644 bids against 3,63,53,276 shares on sale, resulting in a subscription status of 2.52 times, according to BSE data.
With 3.17 times as many bids, the retail investor category maintained its high level of interest. Subscriptions to the non-institutional investors (NII) category increased by 1.05 times. By the end of the third day, the qualified institutional buyers (QIBs) quota had been subscribed 3.04 times.
IPO GMP for Wakefit Innovations
Today, Wakefit Innovations' IPO GMP fell to zero. This indicates that Wakefit Innovations' shares are trading at the top of the grey market price range, and the listing may go place at the IPO price.
The ₹1,289-crore issue attracted 9,16,72,644 bids against 3,63,53,276 shares on sale, resulting in a subscription status of 2.52 times, according to BSE data.
With 3.17 times as many bids, the retail investor category maintained its high level of interest. Subscriptions to the non-institutional investors (NII) category increased by 1.05 times. By the end of the third day, the qualified institutional buyers (QIBs) quota had been subscribed 3.04 times.
IPO GMP for Wakefit Innovations
Today, Wakefit Innovations' IPO GMP fell to zero. This indicates that Wakefit Innovations' shares are trading at the top of the grey market price range, and the listing may go place at the IPO price.
For Wakefit Innovations' IPO, the lowest GMP was ₹0, and the highest GMP for the previous 11 sessions was ₹36.
Details of Wakefit Innovations' IPO
Wakefit also raised ₹580 crore from anchor investors prior to the IPO. Steadview Capital, WhiteOak Capital, Info Edge, and Temasek-backed Capital 2B were among the notable investors.
The IPO included an offer for sale (OFS) of 4,67,54,405 equity shares, valued at approximately ₹912 crore, and a new issue of ₹377.18 crore, bringing the total size to ₹1,289 crore. Promoters Ankit Garg and Chaitanya Ramalingegowda have sold shares in the OFS, as have investors Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest SA, SAI Global India Fund I LLP, and Paramark KB Fund I.
Details of Wakefit Innovations' IPO
Wakefit also raised ₹580 crore from anchor investors prior to the IPO. Steadview Capital, WhiteOak Capital, Info Edge, and Temasek-backed Capital 2B were among the notable investors.
The IPO included an offer for sale (OFS) of 4,67,54,405 equity shares, valued at approximately ₹912 crore, and a new issue of ₹377.18 crore, bringing the total size to ₹1,289 crore. Promoters Ankit Garg and Chaitanya Ramalingegowda have sold shares in the OFS, as have investors Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest SA, SAI Global India Fund I LLP, and Paramark KB Fund I.
The IPO price range for Wakefit Innovations was set between ₹185 and ₹195 per share. The offer was available to investors in lots of 76 shares.
The company intends to use ₹15.4 crore for the purchase of new machinery and equipment, ₹161.4 crore for lease and sublease rentals and license fee payments for existing stores, ₹108.4 crore for marketing and advertising to increase brand visibility, and ₹31 crore for the establishment of 117 new COCO-Regular Stores. The remaining funds will go toward general corporate purposes.
Promoter stake is predicted to drop from the existing 43.70% to about 37% after the issue.
Wakefit, one of the fastest-growing domestic companies in India's home and furnishings market, was founded in 2016.
The company intends to use ₹15.4 crore for the purchase of new machinery and equipment, ₹161.4 crore for lease and sublease rentals and license fee payments for existing stores, ₹108.4 crore for marketing and advertising to increase brand visibility, and ₹31 crore for the establishment of 117 new COCO-Regular Stores. The remaining funds will go toward general corporate purposes.
Promoter stake is predicted to drop from the existing 43.70% to about 37% after the issue.
Wakefit, one of the fastest-growing domestic companies in India's home and furnishings market, was founded in 2016.
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