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Wakefit Innovations IPO fully subscribed on Day 3: Check allotment date and steps

Kamal Joshi
By Kamal Joshi

3 min read | Updated on December 10, 2025, 13:48 IST

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SUMMARY

Wakefit Innovations IPO: The initial share sale, with a price band of ₹185 to ₹195 per share, is a fresh issuance of shares aggregating to ₹377.18 crore and an offer for sale (OFS) of ₹912 crore.

Wakefit reported a revenue from operations of ₹724 crore and a profit of ₹35.5 crore for H1 FY26. | Image: wakefit.co

Wakefit reported a revenue from operations of ₹724 crore and a profit of ₹35.5 crore for H1 FY26. | Image: wakefit.co

Wakefit Innovations IPO: The ₹1,288.89 crore book-built issue of home and sleep solutions company Wakefit Innovations was fully subscribed on the final day of bidding on Wednesday, December 10.

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It got bids for 4,32,52,208 shares compared to 3,63,53,276 shares on offer, according to the NSE data until 1:47 pm.

The category meant for retail investors was subscribed 2.57 times, while the portion for non-institutional investors fetched 69% subscription. Qualified institutional buyers (QIBs) quota was booked 98%.

The initial share sale, with a price band of ₹185 to ₹195 per share, is a fresh issuance of shares aggregating to ₹377.18 crore and an offer for sale (OFS) of ₹911.71 crore.

As part of the OFS, promoters Chaitanya Ramalingegowda and Ankit Garg are offloading their stakes. Other selling shareholders Nitika Goel, Redwood Trust, Verlinvest SA, Peak XV Partners Investments VI, Paramark KB Fund I and SAI Global India Fund I LLP are also divesting their stake.

Fresh issue proceeds to the tune of ₹31 crore will be used for establishing 117 new COCO-Regular Stores, ₹15.4 crore to purchase new equipment and machinery, ₹161.4 crore for lease, sub-lease rent and license fee payments for existing stores, ₹108.4 crore for marketing and advertisement costs and the remaining amount for general corporate purposes.

A lot consists of 76 shares and in multiples thereof.

Incorporated in 2016, Wakefit Innovations is among India's fastest homegrown players in the home and furnishings market in the organised segment to achieve a total income of over ₹1,000 crore as of March 31, 2024.

Wakefit Innovations IPO: Allotment and listing date

Wakefit Innovations IPO allotment status is expected to be finalised on December 11. The listing on stock exchanges will occur on December 15.

Read More: IPOs worth $20 billion per year to become a new normal for India, says JP Morgan

How to check Wakefit Innovations IPO allotment status on NSE

Wakefit Innovations IPO allotment status on MUFG Intime India

Wakefit Innovations IPO GMP

According to investorgain.com and media reports, unlisted shares of Wakefit Innovations are trading at ₹197 per share, reflecting a grey market premium (GMP) of 1.03% over the upper price band of ₹195.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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