Wakefit Innovations IPO is fully book build issue and total IPO size is ₹468.221 crores. The entire share offering is a fresh issue worth ₹468.221 crores.
The dates for the Wakefit Innovations IPO have not been announced yet. The allotment process is expected to be finalized by [.].
The Wakefit Innovations IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Wakefit Innovations IPO has not been announced yet.
Registrar for this IPO is Mufg Intime India Private Limited and lead managers for Wakefit Innovations IPO are Axis Capital Limited, Iifl Capital Services Limited, Nomura Financial Advisory And Securities (India) Private Limited.
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IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹1 Per Equity Share |
| Total Issue Size | 58,399,085 Shares + ₹468 Crores |
| Fresh Issue | ₹468.22 Crores |
| OFS Issue | 58,399,085 Shares |
| Issue Type | Fresh Issue and Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 75% |
| Retail | 10% |
| NII/HNI | 15% |
About Wakefit Innovations Limited Company
Wakefit Innovations Limited, established in 2016, is a leading D2C home and furnishings company in India. As of Fiscal 2024, it stands as the fastest-growing homegrown entity in its sector, achieving over ₹1,000 crore in total income (with ₹986.35 million being revenue from operations) within nine years of operation.
Wakefit's revenue from operations demonstrates a robust CAGR of 24.87% from Fiscal 2022 to Fiscal 2024, outpacing the average growth of its organized peers by approximately 1.64 times. The company offers a diverse product range including mattresses, furniture, and furnishings, catering to mass, masstige, and premium market segments. In Fiscal 2024 each product category generated revenue exceeding ₹100 crore.
Wakefit employs an omnichannel strategy, integrating its website and COCO stores with external channels like e-commerce marketplaces and MBOs. It serves customers across 700 districts in India, and operates 98 COCO stores. A significant portion of its revenue is derived from direct sales through its own channels, enabling better customer engagement and brand loyalty.
Wakefit Innovations Limited Financial Details
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1043.93 | 928.30 | 791.80 | 573.72 |
| Revenue | 971.09 | 986.35 | 812.62 | 632.59 |
| Profit After Tax | -8.81 | -15.05 | -145.68 | -106.52 |
| Net Worth | 546.52 | 543.61 | 505.08 | 341.34 |
| Reserves and Surplus | 526.23 | 523.33 | 486.99 | 339.53 |
| Total Borrowing | 4.02 | 7.36 | 0.00 | 0.00 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| (0.50) | (2.77) | 17.92 | 0.27% |
Offer Objectives
This document details the company's ESOP 2019 plan and the proposed utilization of funds from a fresh issue of equity shares. Regarding the ESOP, details such as options granted, vested, exercised, and outstanding are provided for Financial Years 2022, 2023, 2024, and the nine-month period ending December 31, 2024, as well as from January 1, 2025, until the date of the DRHP. All options exercised were at ₹1.00 per share.
The company intends to utilize the net proceeds from the fresh issue of ₹4,682.21 million towards:
- Capital expenditure for setting up 117 new COCO – Regular Stores and one COCO – Jumbo Store (₹82.16 crore).
- Expenditure for lease, sub-lease rent, and license fee payments for existing COCO – Regular Stores (₹145.20 crore).
- Capital expenditure for purchasing new equipment and machinery (₹15.41 crore).
- Marketing and advertisement expenses to enhance brand awareness (₹108.40 crore).
- General corporate purposes.
The deployment of these funds is planned across Financial Years 2027 to 2029. The company may consider a Pre-IPO Placement of up to ₹93.64 crore, which would reduce the fresh issue size. The number of COCO – Regular Stores increased from 1 as of March 31, 2022, to 98 as of December 31, 2024. The average size of these stores is 3,440.90 square feet.
IPO Registrar Details
MUFG Intime India Private Limited
Phone: +91 810 811 4949
Email: [email protected]
Website: https://.in.mpms.mufg.com/
Offer Prospectus & Documents
Lead Managers
- Axis Capital Limited
- IIFL Capital Services Limited
- Nomura Financial Advisory and Securities (India) Private Limited
