Wakefit IPO Ignites: Mattresses Giant Hits Market with ₹1,289 Cr Fresh Issue!

Direct-to-consumer sleep solutions leader Wakefit Innovations debuts with a mainboard IPO, raising funds for 117 new COCO stores, lease payments, machinery, and marketing. Vertically integrated with 5 automated plants, it reported FY25 revenue of ₹1,274 Cr (up 28% YoY) and H1FY26 profit ₹35.5 Cr, driven by online dominance and expanding offline footprint.​

Price band ₹185-195 implies ₹6,400 Cr post-issue valuation. Retail lot: 76 shares (₹14,820 min). GMP ₹32-36 suggests ₹231 listing on Dec 15 (BSE/NSE). Analysts mixed: Strong growth vs thin ROE; peers like Sheela Foam guide benchmarks.​

Subscription via ASBA; allotment Dec 11.​

Key Highlights

Dates: Open Dec 8, close Dec 10; list Dec 15​

Size: ₹1,289 Cr (fresh ₹377 Cr + OFS 4.67 Cr shares)​

Band: ₹185-195; lot 76 shares (₹14,820 retail min)​

GMP: ₹36 (18% premium); FY25 rev ₹1,274 Cr​

Use: Stores (₹31 Cr), leases (₹161 Cr), marketing (₹108 Cr)​

Sources: Economic Times, IPOWatch, CNBC-TV18