#WakefitIPO #AnchorBook #D2C #HomeFurnishings #StockMarket #IPOIndia #PeakXVPartners #AnkitGarg #ChaitanyaRamalingegowda #DalalStreet #Dec8IPO
Mumbai: Bengaluru-based Direct-to-Consumer (D2C) home and furnishings major, Wakefit Innovations, has successfully concluded its anchor book placement, raising ₹580 crore from institutional investors. The strong institutional interest was confirmed with the allotment of 2.97 crore equity shares at the upper end of the price band, ₹195 per share, on December 5.
The anchor book placement, which saw participation from 33 institutional investors, is a significant confidence booster just days before the company’s Initial Public Offering (IPO) opens for public subscription.
Key IPO Details and Timeline
The ₹1,289-crore IPO by Wakefit Innovations is a blend of a fresh issue of shares worth ₹377.2 crore and an Offer-for-Sale (OFS) of 4.67 crore shares worth ₹911.7 crore by existing promoters and investors.
The public subscription for the home and sleep solutions provider, founded by Ankit Garg and Chaitanya Ramalingegowda, will open on December 8 and close on December 10.
| IPO Event | Date |
| Anchor Book (Completed) | December 5 |
| IPO Open Date | December 8 |
| IPO Close Date | December 10 |
| Allotment Finalisation | December 11 |
| Listing (BSE & NSE) | December 15 |
| Price Band | ₹185 to ₹195 per share |
Investor Confidence and Shareholding
The anchor investor list showcased a mix of prominent domestic and global institutions. Domestic mutual funds were particularly dominant, picking up 1.61 crore equity shares—equivalent to ₹315 crore—across 21 schemes. Major participating domestic mutual funds included HDFC Mutual Fund, Axis MF, Nippon Life India, Mirae Asset, Tata MF, and HSBC MF. Global participants included Prudential Hong Kong, Amundi Funds, Steadview Capital, and Ashoka WhiteOak.
The OFS component will facilitate a partial exit for key investors and promoters. Selling shareholders include co-founders Ankit Garg and Chaitanya Ramalingegowda, along with institutional backers such as Peak XV Partners, Redwood Trust, Verlinvest, and SAI Global India Fund.
Post-issue, Peak XV Partners, which currently holds a 22.47 percent stake, will remain a large public shareholder in the company, alongside Verlinvest (9.79 percent) and Investcorp (9.9 percent).
Utilisation of Fresh Issue Proceeds
The capital raised through the fresh issue will be strategically deployed to fuel Wakefit’s aggressive expansion in the organised home and furnishings market:
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Retail Store Expansion: ₹30.8 crore is earmarked for establishing 117 new Company-Owned, Company-Operated (COCO) Regular Stores. The company has rapidly scaled its store network from 23 in FY23 to 125 as of September 2025.
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Operating Costs: ₹161.4 crore will cover lease, sub-lease rent, and license fee payments for the existing COCO stores, ensuring stable retail operations.
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Manufacturing and Brand Building: A sum of ₹15.4 crore is allocated for purchasing new equipment and machinery, while a significant ₹108.4 crore will be used for marketing and advertisement expenses to enhance brand visibility.
Wakefit Innovations, which competes with listed peers in the home solutions space, is strategically positioned to leverage its full-stack, vertically integrated model and expanding omnichannel presence. The listing is expected to be finalized on December 15, 2025.
#WakefitIPO #AnchorBook #D2C #HomeFurnishings #StockMarket #IPOIndia #PeakXVPartners #AnkitGarg #ChaitanyaRamalingegowda #DalalStreet #Dec8IPO
