Wakefit Raises Rs 580 Crore From Anchor Investors Ahead Of IPO Launch

Omnichannel furniture retailer Wakefit has raised Rs 580 crore from anchor investors at Rs 195 per share, according to an exchange filing.

The shares were allotted at Rs 195 each, the highest end of the price range, showing strong interest from institutional investors in the country’s largest D2C home and furnishings brand by FY24 revenue.

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The company allotted 2.97 crore shares to anchor investors, with domestic mutual funds taking more than half of them. Nine Indian mutual funds across 21 schemes bought 16.15 million shares, or 54.3% of the total, showing strong interest from long-term domestic investors.

The anchor investor list included a mix of global and domestic names such as Ashoka WhiteOak, HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong, 360 One, Steadview Capital, Amundi Funds New Silk Road, HDFC Mutual Fund, Axis Mutual Fund, Mirae Asset, Nippon India Mutual Fund, Tata Mutual Fund, HSBC MF, Bandhan MF, Edelweiss MF.

Founded in 2016, Wakefit runs a fully integrated business that handles everything—from product design and manufacturing to distribution and customer experience.

Its products include mattresses, furniture, and home furnishings, sold through its website, company-owned stores, and major e-commerce platforms.

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The company has grown steadily in recent years. It reported Rs 1,273 crore in operating revenue in FY25. For the six months ending September 30, 2025, it generated Rs 724 crore in revenue and posted a profit of Rs 35.5 crore.

The total IPO size is Rs 1,288 crore, which includes a fresh issue of shares worth Rs 377 crore and an offer for sale (OFS) of 4.67 crore shares that could raise Rs 910 crore at the upper end of the price band.

Promoters Ankit Garg and Chaitanya Ramalingegowda, along with investors such as Peak XV Partners, Redwood Trust, and Verlinvest SA, are part of the OFS. The fresh issue funds will be used for business expansion, while the OFS will allow early investors to partially exit.

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