Wakefit Innovations sets IPO price band at ₹185-195 per share, opening December 8

Wakefit Innovations plans to raise approximately ₹1,400 crore via its initial public offering, consisting of a fresh issuance worth ₹377 crore alongside an offer-for-sale of shares by promoters and early investors. The IPO price band is fixed at ₹185-195 per share with a lot size of 76 shares, making the minimum retail investment around ₹14,820 at the upper band.

The proceeds from the fresh issue will primarily support aggressive expansion plans, including establishing over 117 new company-owned stores, upgrading manufacturing facilities, and bolstering marketing efforts to compete strongly in the Indian home furnishings market. The company’s omnichannel strategy integrates a strong offline presence with vertically integrated manufacturing and distribution facilities.

Key Highlights:

IPO subscription opens December 8 for retail investors, closes December 10; anchor investors bid starting December 5.

Price band set at ₹185-195 per share; minimum lot size: 76 shares.

Total issue size: approx. ₹1,400 crore (₹377 crore fresh issue + offer-for-sale).

Funds will finance store expansion (117 new stores), manufacturing upgrades, and marketing.

Promoters and investors including Ankit Garg, Chaitanya Ramalingegowda, Peak XV Partners, and others participating in offer-for-sale.

Expected IPO listing on BSE and NSE by mid-December.

Source: Reuters, Marketscreener, Chittorgarh, Moneycontrol, and Economic Times