Wakefit Innovations entered the Dalal Street on a muted note on Monday with its shares trading at Rs 195 on the NSE, matching its issue price. On the BSE it opened slightly lower at Rs 194.1.However, later the stock price jumped to over Rs 200 on both the benchmarks. On the Bombay Stock Exchange, Wakefit was trading at 202.20, up 4% or 8.10 points from the listing. At the NSE, the stock was up 6.92 points, or 5.55%, to reach 201.92 around 11:54 AM. The flat debut was indicated in the unofficial market as Wakefit’s grey market premium hovered around 3%, suggesting limited upside despite the company’s strong consumer-facing brand, ET reported.
Wakefit IPO
The company’s public issue comprised a fresh equity raise of Rs 377.18 crore alongside an offer for sale of Rs 911.71 crore by existing shareholders. According to the company, funds raised through the fresh issue will be directed towards expanding its physical retail footprint, meeting lease commitments for current stores, acquiring equipment and machinery, and increasing spending on marketing and brand-building. Wakefit has outlined plans to add more than 100 new offline stores, underscoring a stronger push into omnichannel retail as online customer acquisition costs remain high. The Rs 1,289 crore IPO, which concluded on December 10, received overall bids amounting to 2.52 times the shares on offer. Retail investors showed the highest interest, subscribing 3.17 times, followed closely by qualified institutional buyers at 3.04 times. Non-institutional investor participation was comparatively modest, with subscriptions at 1.05 times. Before opening the issue to the public, Wakefit had secured Rs 580 crore from anchor investors, including several prominent domestic and international funds, providing a measure of confidence to the offering amid cautious secondary market conditions, according to ET.
Financial profile
In FY25, Wakefit’s revenue climbed 28% year-on-year to Rs 1,305 crore, while the company reported a loss of Rs 35 crore, higher than the loss recorded in the previous financial year. However, the trend improved in the first half of FY26, when Wakefit posted a profit of Rs 35.6 crore for the six months ended September, supported by better operating leverage and stricter cost management. Based on the issue price, the company commands a valuation of around Rs 6,373 crore. This translates into a price-to-earnings multiple that many market participants view as demanding, given Wakefit’s relatively short profitability track record and the intensely competitive nature of the home and furnishings market. Investors, for now, appear to be waiting for more sustained earnings visibility before re-rating the stock.
About Wakefit
Founded as a digital-first brand in mattresses and sleep solutions, Wakefit played a key role in popularising the category in India through online distribution and value-driven pricing. The company has since broadened its portfolio to include furniture, furnishings and home décor, evolving into a more comprehensive home solutions business.Wakefit now operates across online platforms and a growing network of company-owned and company-operated stores. As of September 2025, it had a presence in 62 cities through 125 offline outlets.
