9 months ago
Wakefit Raises ₹580 Crore Ahead of IPO
Wakefit, a company that sells mattresses, furniture, and other home items, has raised ₹580 crore from big investors before its initial public offering (IPO).
This IPO will open on December 8 and close on December 10, with shares priced between ₹185 and ₹195.
The company also received ₹186 crore from other investors in a secondary deal.
Wakefit plans to use the money to open new stores, buy new equipment, pay rent for existing stores, and spend on marketing.
Wakefit will start trading on the stock market on December 15.
The company has grown quickly and now has five factories where it makes its products using advanced technology.
Wakefit raised ₹580 crore from anchor investors ahead of its IPO, which opens on December 8 and closes on December 10, 2025.
Prominent investors include HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong, and several domestic mutual funds.
The IPO comprises a fresh issue of ₹377.18 crore and an offer for sale (OFS) of ₹912 crore, valuing the company at nearly ₹6,400 crore.
Proceeds will be used for setting up new stores, purchasing equipment, paying rent, marketing, and general corporate purposes.
Wakefit operates five manufacturing facilities and reported revenue of ₹724 crore and a profit of ₹35.5 crore for the six months ended September 30, 2025.
- Who
- Wakefit Innovations Ltd, HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong, 360 One, Steadview Capital, Amundi Funds, HDFC MF, Axis MF, Mirae Asset MF, Nippon India MF, Tata MF, HSBC MF, Bandhan MF, Edelweiss MF, Mahindra Manulife MF, Steadview Capital, WhiteOak Capital, Capital 2B, DSP India Fund, 360 ONE Equity Opportunities Fund
- What
- Wakefit raised ₹580 crore from anchor investors ahead of its IPO and received ₹186 crore in secondary investments
- Where
- Bengaluru, India
- When
- December 8-10, 2025 (IPO), December 15, 2025 (listing), December 3-4, 2025 (secondary investments)
- Why
- To raise funds for expansion, marketing, and general corporate purposes
Key facts
- Amount Raised
- ₹580 crore
- Anchor Investors
- HDFC Life, Bajaj Life, Prudential Hong Kong, 360 One, Steadview Capital, Amundi Funds, HDFC MF, Axis MF, Mirae Asset MF, Nippon India MF, Tata MF, HSBC MF, Bandhan MF, Edelweiss MF, Mahindra Manulife MF
- Shares Allotted
- 29,743,590 equity shares
- Share Price
- ₹195 per share
- IPO Size
- ₹1,289 crore
- IPO Date
- December 8-10, 2025
- Listing Date
- December 15, 2025
- Price Band
- ₹185-195 per share
- Company Valuation
- ₹6,400 crore
- Promoters' Holding Post-IPO
- 37%
- Secondary Investment
- ₹186 crore by Steadview Capital, WhiteOak Capital, and Capital 2B
- Pre-IPO Funding
- ₹56 crore from DSP India Fund and 360 ONE Equity Opportunities Fund
Timeline
OpenAI's CFO sparked IPO buzz in May 2025.
Wakefit responded, announcing sub-brands in August.
Sub-brands and expansion plans triggered anchor investment.
Wakefit secured ₹580 crore ahead of IPO.
IPO set for December 8.
Quotes
Prasenjit Paul
SEBI-registered equity analyst, long-term investor, and founder of Paul Asset
“So far in 2025, listed IPOs have already raised roughly ₹85,000 crore, making India the fourth-largest global IPO fundraising market this year despite a volatile macroeconomic backdrop. Concurrently, 118 firms filed DRHPs in just the first half of 2025 — more than double the count a year ago — signalling a solid pipeline waiting for favourable market windows”
livemint.com
Sources
Upcoming IPOs: Wakefit IPO, ICICI Prudential AMC IPO among 13 new issues to open next week; check full list
Wakefit mobilises ₹580 crore from anchor investors ahead of IPO
Wakefit Innovations IPO: High-growth Sheela Foam rival, should you subscribe?
Steadview Cap, WhiteOak, Capital 2B invest ₹186 cr in Wakefit via secondary deal ahead of IPO
Upcoming IPO between Dec 8-12: Wakefit to Corona Remedies – 4 mainboard, 5 SME issues; Meesho & 15 listings on radar
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