The company allotted 2.97 crore shares to anchor investors, with domestic mutual funds taking more than half the book. Of the total allocation, 16.15 million shares, or 54.3%, were picked up by nine Indian mutual funds across 21 schemes, indicating deep participation from long-only domestic institutions.
The anchor list included a mix of global and domestic investors 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 and Mahindra Manulife MF.
Founded in 2016, Wakefit operates a full-stack, vertically integrated model covering product design, engineering, manufacturing, distribution and customer experience.
Its portfolio spans mattresses, furniture and home furnishings sold through its website, company-owned stores and leading e-commerce platforms.
The company has shown steady scale-up in recent years. It reported Rs 1,273 crore in revenue from operations in FY25. For the six months ended September 30, 2025, revenue stood at Rs 724 crore, while profit came in at Rs 35.5 crore.Wakefit’s IPO opens on Monday, December 8, and closes on Wednesday, December 10, with the strong anchor book expected to provide a solid start to the issue when bidding begins next week.The total IPO size of Rs 1,288 crore includes a fresh issue of equity shares worth Rs 377 crore and an OFS of 4.67 crore shares, which could fetch Rs 910 crore at the upper end of the price band.
Promoters Ankit Garg and Chaitanya Ramalingegowda, along with other shareholders like Peak XV Partners, Redwood Trust, Verlinvest SA, and others, are participating in the OFS. The fresh issue proceeds will be utilized to support business expansion, while the OFS allows early backers to partially exit.
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