Wakefit Innovations is a Bengaluru-based D2C (Direct-to-Consumer) company that’s shaking up India’s home and sleep solutions market. Founded in 2016 by Ankit Garg and Chaitanya Ramalingegowda, they started with mattresses and have expanded into furniture and home décor, with a mission to make quality sleep affordable.- What they offer: Over 3,000 SKUs across mattresses (57.5% of FY24 revenue), furniture (30.5%), and home essentials (12%). Think memory foam, latex, orthopedic mattresses, beds, sofas, and more.- How they operate: Fully integrated model controlling design, manufacturing, logistics, and retail. They have 125+ COCO (company-owned, company-operated) stores across 62 cities and sell online via their website, Amazon, Flipkart.- Growth: ₹1,305 crore revenue in FY25, up 28% YoY. Turned EBITDA positive (₹90.83 crore in FY25) and posted a net profit of ₹35.5 crore in H1 FY26.- Plans: Expanding to 220+ stores by FY28, boosting marketing, and enhancing tech. Their IPO, opening today (Dec 8, 2025), aims to raise ₹1,288.89 crore for these growth pushes.
– IPO Details: – Price Band ₹185 to ₹195 per share – Issue Size: ₹1,288.89 crore, with a fresh issue of ₹377.18 crore and an Offer for Sale (OFS) of ₹911.71 crore – Lot Size: 76 shares, requiring a minimum investment of ₹14,820 – IPO Dates: Opens today, December 8, 2025, and closes on December 10, 2025 – Listing Date: Expected on December 15, 2025, on BSE and NSE- Grey Market Premium (GMP): – As of December 8, 2025, the GMP is ₹5, indicating a projected listing price of ₹200, with an expected gain of 2.56% – Earlier this morning, the GMP was ₹36, suggesting an 18.46% premium over the upper price band. – Note that GMP is an unofficial indicator and subject to market volatility.
