The IPO will open on 8 December 2025 and will also include a large offer for sale (OFS) component
Wakefit, a mattress and furniture maker, has filed its red herring prospectus with the market regulator Securities and Exchange Board of India (Sebi) for an initial public offering (IPO). The company is looking to raise Rs 377 crore via a fresh issue.
The IPO will open on 8 December 2025 and will also include a large offer for sale (OFS) component, which will see the company’s existing shareholders offering 46.7 million shares. Under the OFS, the company’s founders Ankit Garg and Chaitanya Ramalingegowda, along with Peak XV Partners, will be selling the shares.
Earlier, the company had proposed to raise Rs 468 crore through fresh issue of shares in its draft red herring prospectus filed in June. The company will be using the proceeds to establish 117 company-owned-company-operated (Coco) retail outlets. Wakefit will be using the money for lease expenses, marketing and advertising and to buy new equipment and machinery.
During the first half of the current financial year (H1FY26), the company posted a net profit of Rs 35.5 crore and a revenue of Rs 724 crore. Wakefit reported a revenue of Rs 1,274 crore in the last financial year (FY25). During H1FY26, the company’s own channels contributed 65 per cent to its total operating revenue.
