Home and sleep solutions brand Wakefit has raised ₹580 crore from 33 anchor investors at the upper price band of ₹195 per share, ahead of its IPO opening on December 8, according to a stock exchange filing. The company allotted 29,743,590 equity shares to anchor investors at ₹195 each to raise the stated corpus.
Strong Domestic Mutual Fund Participation
Of the total anchor book, 1.61 crore shares, or 54.3%, were allotted to nine domestic mutual funds across 21 schemes, mobilising ₹315 crore. Key domestic anchors include HDFC Mutual Fund, Axis MF, Mahindra MF, Edelweiss MF, and Tata MF, alongside Bajaj Life Insurance, 360 ONE, Nippon India, and Ashoka WhiteOak. Global investors such as Steadview Capital and Amundi Funds also participated.
IPO Structure and Valuation
Wakefit’s IPO is being led by Axis Capital, IIFL Capital, and Nomura, with MUFG Intime as the registrar. The issue consists of a ₹377.2 crore fresh issue and an Offer for Sale (OFS) of 4.68 crore equity shares, valuing Wakefit at around ₹6,400 crore ($719 million).
Stellar Returns for Early Investors
As part of the OFS, Peak XV Partners will realise approximately ₹397 crore, clocking a 10X return. Verlinvest is expected to make ₹199 crore, while Paramark KB Fund will exit with around ₹50 crore at the upper end.
Use of Proceeds and Financial Performance
Wakefit plans to utilise fresh IPO funds for store lease payments, marketing, advertising, setting up new COCO stores, purchasing equipment, and general corporate purposes.
Financially, the company reported ₹724 crore in operating revenue and ₹35.57 crore net profit in H1 FY26. In FY25, operating revenue increased 30% to ₹1,274 crore from ₹986 crore, though Wakefit posted a net loss of ₹35 crore for the full year.
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