akefit Innovations IPO GMP day 1 highlights: The ₹1,288.89-crore issue recorded 11 per cent overall subscription by 1 pm, led by strong retail interest at 52 per cent.
- December 8, 2025 13:14
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- December 8, 2025 13:13
Wakefit IPO subscribed 11% so far
Wakefit Innovations received bids for 38,42,104 shares against 3,63,53,276 shares, translating to 0.11× overall subscription by 1 pm on Day 1.
The Retail Individual Investors (RII) segment saw significant traction, with 34,11,792 shares bid against 66,09,686 shares, reflecting 0.52× subscription.
Non-Institutional Investors (NII) bid for 4,30,312 shares, taking the category to 0.04×.
– High-value NII (₹10 lakh+): 1,07,616 shares (0.02×)
– Mid-value NII (₹2–10 lakh): 3,22,696 shares (0.10×)
The QIB portion remains unsubscribed, with zero bids against 1,98,29,061 shares reserved.
- December 8, 2025 11:46
Wakefit IPO live: Subscription status
As of 11.45 am
Total: 0.08 times
QIB: 0.00 times
NII: 0.04 times
RII: 0.38 times
Employee: NIL
- December 8, 2025 11:44
Industry outlook strengthens Wakefit’s long-term positioning
India’s home and furnishings market, valued at ₹2.8–3.0 trillion in CY2024, is projected to expand to ₹5.2–5.9 trillion by CY2030, growing at an 11–13 per cent CAGR, according to Master Capital Services Ltd. The mattress segment, currently at ₹145–160 billion, is expected to grow 10–12 per cent annually to reach ₹270–300 billion by CY2030, driven by increasing adoption of branded and ergonomic products.
The furniture market is projected to grow at 10–12 per cent CAGR to ₹3,200–3,900 billion by CY2030, while furnishings and décor are expected to expand at 12–14 per cent CAGR, reaching ₹1,630–1,810 billion over the same period. Growth across these categories is supported by rising disposable incomes, urbanization, homeownership, higher focus on comfort and functionality, and increasing demand for organized retail and online channels.
Master Capital Services noted that Wakefit Innovations, with its vertically integrated and omnichannel model, remains strategically positioned to benefit from this sectoral expansion. The brokerage stated that investors may consider the IPO as a potential long-term investment opportunity.
- December 8, 2025 11:14
Wakefit IPO live: Subscription status
As of 11.15 am
Total: 0.06 times
QIB: 0.00 times
NII: 0.03 times
RII: 0.31 times
Employee: NIL
- December 8, 2025 10:29
Wakefit IPO subscribed 3% so far
Wakefit Innovations’ IPO has received bids for 9,93,776 shares against 3,63,53,276 shares on offer, translating to 0.03× overall subscription after opening at 10.24 am.
The Retail Individual Investors (RII) category has seen the strongest traction so far, with 8,55,076 shares bid against 66,09,686 shares, reflecting 0.13× subscription.
Non-Institutional Investors (NII) have bid for 1,38,700 shares against 99,14,529 shares, translating to 0.01× subscription.
– High-value NII (₹10 lakh+) bids: 55,708 shares (0.01×)
– Mid-value NII (₹2–10 lakh) bids: 82,992 shares (0.03×)
The Qualified Institutional Buyers (QIB) segment has received zero bids so far against 1,98,29,061 shares reserved for the category.
- December 8, 2025 10:24
Wakefit Innovations IPO opens amid ‘Avoid’ call from SBI Securities
SBI Securities has assigned an “Avoid” rating to the issue, citing expensive valuations compared to listed peers. At the upper end of the price band, the issue is valued at an EV/Sales multiple of 4.7x based on post-issue capital. The brokerage noted that although the company has turned EBITDA positive in FY24 and PAT positive in the first half of FY26, the pricing leaves limited comfort relative to Sheela Foam.
Wakefit is India’s largest D2C home and furnishings company by FY24 revenue, offering mattresses, furniture and furnishings across online and offline channels. As of September 2025, the company operated 125 COCO stores and 1,504 multi-brand outlets nationwide. Its logistics network includes a mother warehouse, seven inventory-holding points and 18 delivery centres.
The company reported revenue of ₹1,273.7 crore in FY25, with mattresses contributing over 61 per cent. It posted a net loss of ₹35 crore in FY25 but recorded a profit of ₹35.6 crore in the first half of FY26. Proceeds from the fresh issue will be used for store expansion, lease payments, equipment purchases and marketing.
- December 8, 2025 10:19
Wakefit IPO opens today at ₹185-195
Wakefit IPO Day 1: Opens today at ₹185-195. Apply or not?
The ₹1,289-crore IPO of Bengaluru-based home and furnishings company Wakefit Innovations opens today with a price band of ₹185–195 per share.
- December 8, 2025 09:56
Four other IPOs to open this week
While Wakefit leads today’s action, four more IPOs, Corona Remedies, Nephrocare Health Services, Park Medi World and ICICI Prudential AMC, will open later this week, together aiming to raise nearly ₹14,500 crore.
- December 8, 2025 09:55
Wakefit IPO live updates: Wakefit operates as a full-stack home & sleep solutions brand
The company offers mattresses, furniture and furnishings through an omnichannel network across its website, COCO stores, e-commerce marketplaces and multi-brand outlets.
- December 8, 2025 09:54
Wakefit IPO live: Company aims for ₹6,400-crore valuation
At the upper end of the price band, Wakefit is targeting a post-issue market capitalisation of around ₹6,400 crore.
- December 8, 2025 09:53
Wakefit IPO to open for subscription at 10 AM
Wakefit Innovations Ltd will open its ₹1,288.89-crore IPO for subscription at 10 AM today. The issue includes a ₹377.18-crore fresh issue and an OFS of ₹911.71 crore. The price band is set at ₹185–₹195 per share.
Published on December 8, 2025
