Bengaluru-based home and furnishings company Wakefit Innovations has announced the price band for its upcoming initial public offering (IPO) at ₹185 to ₹195 per equity share. The new-age company aims to raise ₹1,288 crore at a market valuation of around ₹6,300 crore.

The IPO comprises a fresh issue of 1.93 crore shares aggregating to ₹377.18 crore and an offer for sale (OFS) of 4.68 crore shares by promoters and existing investors, amounting to ₹911.71 crore. Under the OFS, promoters Ankit Garg and Chaitanya Ramalingegowda, along with shareholders including Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP and Paramark KB Fund I, will offload part of their holdings.

The D2C (Direct-to-Consumer) home and sleep solutions company, which competes with the likes of The Sleep Company, Duroflex, Kurlon, and Sleepwell in the mattress and home décor market, is set to launch its IPO on December 8. The three-day issue will close on December 10, while the allotment of shares is expected to be finalised on December 11. Shares of Wakefit are expected to make its market debut on the BSE and NSE on December 15, 2025.

Out of the ₹377 crore proposed to be raised from fresh equity, Wakefit plans to deploy ₹161.4 crore for lease and license fee payments for existing stores and ₹108.4 crore for marketing and brand-building activities. The company will use ₹30.8 crore for setting up 117 new COCO (company-owned, company-operated) stores; ₹15.4 crore for purchase of equipment and machinery; and remaining capital will go towards general corporate purposes.

Ahead of its IPO, the company raised ₹56 crore in a pre-IPO round from DSP India Fund and 360 ONE Equity Opportunities Fund, allotting 28.71 lakh shares at ₹195 per share. DSP India Fund invested ₹40 crore, while 360 ONE infused ₹16 crore.

On the financial front, Wakefit reported revenue at ₹1,305.43 crore for the financial year ended March 31, 2025, growing by 28% from ₹1,017.33 in FY24. The profit after tax (PAT) widened to ₹35 crore in FY25 as compared to a loss of ₹15.05 crore reporrted in FY24. For the six months ended September 30, 2025, revenue stood at ₹724 crore, with a profit of ₹35.5 crore.

At the operating level, EBITDA grew from ₹65.85 crore in FY24 to ₹90.83 crore in FY25, and further to ₹103.19 crore in the first half of FY26.

As of September 30, 2025, net worth of Wakefit stood at ₹557.34 crore, growing from ₹520.57 crore in FY25. The assets increased from ₹928.30 crore in FY24 to ₹1,050.75 crore in FY25, and further to ₹1,220.34 crore by September 2025.

Incorporated in 2016, the company offers a broad portfolio of mattresses, furniture, and home furnishings through its own website, COCO stores, and external channels including major e-commerce marketplaces and multi-brand outlets. Its full-stack, vertically integrated model enables control over product design, manufacturing, distribution and customer service.

The company operates five manufacturing facilities—two in Bengaluru (Karnataka), two in Hosur (Tamil Nadu), and one in Sonipat (Haryana).

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)