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₹195 - 195
Wakefit Innovations Ltd
TextilesIPO
₹195 - 195
We are a home and furnishings company in India, offering a wide range of products, including mattresses, furniture, and furnishings, through our omnichannel presence, ensuring a seamless customer experience across all touchpoints. We sell our products both through our own channels (comprising our website and our COCO Stores) and external channels (comprising various marketplaces, such as major e-commerce platforms and multi-branded outlets). We are a full-stack vertically integrated Company, enabling us to control every aspect of our operations, from conceptualizing, designing and engineering our products to manufacturing, distributing and providing customer experience and engagement.
Lot76Min Invest₹14,820Face Value₹1Issue Size₹1,289 CrFresh Issue₹377 CrOffer for Sale₹912 CrCMP₹152
Timeline
8 Dec
Bidding opens
10 Dec
Bidding closes
11 Dec
Allotment
12 Dec
Refund & demat credit
15 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹1,289 Cr6.61 Cr shares
Fresh Issue₹377 Cr
Offer for Sale₹912 Cr
Face Value₹1
Lot Size76 shares
ReservationQIB 75% · NII 15% · RETAIL 10%
Application Sizes
Retail₹14,8201-13 lots
sNII₹2,07,480from 14 lots
bNII₹10,07,760from 68 lots
Managers & Registrar
Lead ManagerAxis Capital Limited
Co-ManagerIIFL Capital Services Limited, Nomura Financial Advisory & Securities (I) Pvt Ltd
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrAnkit GargPRMTR77,29,488150.73Chaitanya RamalingegowdaPRMTR44,52,18586.82Nitika GoelOTH8,99,20517.53Peak XV Partners Investments VIOTH2,03,74,774397.31Redwood TrustOTH1,38,0472.69Verlinvest S.A.OTH1,01,93,506198.77SAI Global India Fund I, LLPOTH4,13,1508.06Paramark KB Fund IOTH25,54,05049.80Total4,67,54,405911.71
Shareholding
CategoryPre IPOPost IPOPromoter Group43.01%37.39%Public56.99%62.61%
Objects of the Issue
- Capital expenditure to be incurred by our Company for setting up of 117 new COCO - Regular Stores
- Expenditure for lease, sub-lease rent and license fee payments for its existing COCO - Regular Stores
- Capital expenditure to be incurred by its Company for purchase of new equipment and machinery
- Marketing and advertisement expenses toward enhancing the awareness and visibility of our brand
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 813 | 986 | 1,274 | 1,489 | 1,547 |
| Operating ProfitCr | -93 | 35 | 59 | 182 | 193 |
| OPM% | -11.5 | 3.5 | 4.6 | 12.2 | 12.5 |
| PBTCr | -146 | -15 | -35 | 91 | 108 |
| PATCr | -146 | -15 | -35 | 189 | 193 |
| EPS | -144 | -1 | -1 | 6 | 6 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | 33 | - |
| ReservesCr | 487 | 523 | 500 | 1,099 | - |
| BorrowingsCr | 0 | 190 | 273 | 272 | - |
| Fixed AssetsCr | - | - | 415 | 389 | - |
| Total AssetsCr | 792 | 928 | 1,051 | 1,751 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -20 | 81 | 76 | 245 | - |
| Investing Cash FlowCr | -201 | -147 | -2 | -499 | - |
| Financing Cash FlowCr | 275 | 9 | -71 | 336 | - |
| Net Cash FlowCr | 53 | -58 | 3 | 81 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Largest and fastest growing D2C home and furnishing solutions destination.
- Comprehensive home and furnishing solutions brand with a core focus on product innovation.
- Full-stack vertically integrated operations with differentiated processes and technical capabilities.
- Omnichannel sales presence and strategically located store network.
- The Company's multi-faceted marketing approach enhancing its brand image.
- Business model with a track record of delivering financial growth.
Strategies · as stated in the DRHP
- Strategic expansion of COCO - Regular Stores and enhance sales on our website.
- Synergistic, data-driven product category expansion with a focus on scaling our operations.
- Continue to develop, invest and increase brand salience and brand awareness.
- Leverage technology to enhance customer experience and drive operational efficiencies.
- Increase customer lifetime value.
Risks · as stated in the DRHP
- The company business and results of operations are significantly dependent on its "Wakefit" brand, under which the company offer a wide range of products, including mattresses, furniture, and furnishings, and any impairment, dilution or damage to the company brand in any manner may adversely affect its business reputation, results of operations, financial condition and cash flows.
- The company's derives a significant portion of the company revenue from its mattress product category. The company revenue from the sale of mattresses accounted for 60.65%, 61.35%, 57.54% and 63.50%, of its revenue from operations in six months period ended September 30, 2025 and Fiscals 2025, 2024 and 2023, respectively. Any shifts in consumer preferences, any disruption in the supply chain, or heightened competition could adversely affect its business, results of operations, financial condition and cash flows.
- A significant portion of Its revenues is derived from the sale of products through the company own channels. its sales from the company own channels (i.e., website and COCO - Regular Stores) accounted for 64.91%, 56.97%, 58.30% and 57.50%, of its revenue from operations in six months period ended September 30, 2025 and Fiscals 2025, 2024 and 2023, respectively. Any disruption to the company website, whether due to technical issues, cyber-attacks, or changes in consumer behavior or any disruption to the operations of the company stores or limitations on its ability to expand and grow these stores may adversely affect the company sales, business, results of operations, financial condition and cash flows.
- The company has incurred losses in the past and its may continue to incur losses in the future.
- The Company, Directors, Promoters, Key Managerial Personnel and Senior Management are and may be involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may has an adverse effect on its business, financial condition, cash flows and results of operations.
- The company has experienced negative cash flows from operating activities in Fiscal 2023. Its may continue to has negative cash flows in the future.