India’s ‘sleep unicorn’ Wakefit IPO opened today:Company targets ₹1,288 crore; investment window until Dec 10, min bid at ₹14,820

Wakefit Innovation Limited’s ₹1,288.89-crore Initial Public Offering (IPO) opened for subscription today, 8 December 2025. The issue will close on December 10, and the company’s shares are scheduled to list on December 15. If you’re considering investing in Wakefit — known for its mattresses, beds, sofas, and home décor products — here are the key details you need to know. Retail Investors Can Apply Until December 10 Wakefit aims to raise ₹1,288.89 crore through the sale of over 6.6 crore shares. Retail investors can submit applications until December 10. The company has set the price band at ₹185–₹195 per share. IPO Structure: Fresh Issue + Offer for Sale The IPO comprises: Min and Max Investment for Retail Investors Know the Wakefit Story Wakefit didn’t start out dreaming of becoming a home-furnishing giant. Back in 2016, Ankit Garg and Chaitanya Ramalingegowda just wanted Indians to get better sleep with affordable mattresses. Fast forward to today, and that small idea has exploded into India’s biggest D2C home-furnishings brand. Wakefit now reportedly makes over ₹1,270 crore a year and reaches 700+ districts. So what does Wakefit actually do? Simple – it sells mattresses, furniture, and home essentials that people need every day. All three categories have crossed ₹100 crore in revenue, something no other D2C brand has managed, according to an estimate by Finshots. Most of its sales — about 65% — come directly from its website and its own stores, which means better control over pricing and customer experience. The rest comes from Amazon, Flipkart, and other retail partners. The real superpower? Wakefit does everything in-house — design, manufacture, distribute, and sell. That keeps costs tight and lets it improve fast. And the numbers show it’s working: revenue jumped from ₹812 crore in FY23 to ₹1,273 crore in FY25, growing much faster than its organised competitors. From “help India sleep better” to “India’s sleep unicorn,” Wakefit’s story is now heading toward its next big milestone — the stock market. Issue Reservation Breakdown ​