Wakefit Innovations makes flat debut on exchanges
Wakefit, the Bengaluru-based online mattress and furniture brand, hit the stock market on Monday with shares listing at ₹195 (NSE) and ₹194.10 (BSE).
The IPO saw solid interest—subscribed 2.5 times overall—raising a total of ₹1,289 crore.
Retail investors were especially keen, subscribing over three times their allotted shares.
What does Wakefit actually do?
Wakefit sells mattresses, furniture, and home furnishings both online and through 125 stores across 62 cities.
In FY25, revenue jumped nearly 30% to ₹1,274 crore from last year's ₹986 crore—though they did post a net loss of ₹35 crore.
For the first half of FY26, the company reported a profit of ₹35.6 crore on revenue of ₹724 crore.
Where's the IPO money going?
The funds raised will help Wakefit open 117 new stores, upgrade equipment, and boost marketing to reach more customers across India.
Big-name anchor investors like HDFC Life Insurance and Bajaj Allianz also backed the IPO with major investments.