Wakefit Announces ₹185–₹195 Price Band as It Prepares for December 8 IPO Launch

Wakefit Innovations Limited is preparing to enter the capital markets with its IPO set to open on December 8, seeking to raise fresh capital alongside a major share sale from promoters and private equity backers. The company has set a price band of ₹185 to ₹195 per share, signalling its valuation expectations as it targets both retail and institutional participation.

The IPO will include a fresh issue of shares worth ₹3,771.78 million, which the company aims to utilise for corporate purposes outlined in the RHP. The OFS of 46.75 million shares marks a significant part-exit for early investors. Among the largest sellers are Peak XV Partners Investments VI (20.37 million shares) and Verlinvest S.A. (10.19 million shares), indicating a broad reshuffling of the company’s cap table post-listing.

Promoters Ankit Garg and Chaitanya Ramalingegowda will also dilute a portion of their holdings but remain key shareholders.

The issue structure follows SEBI norms, reserving up to 75% for QIBs, including a large discretionary Anchor portion. The NIB category has a 15% allocation, split between high-ticket and ultra-high-ticket bids, while retail investors receive a 10% allocation.

Minimum bid size is 76 shares, a standard lot that positions the IPO within the affordability bracket for retail participants.

The company’s shares will be listed on NSE and BSE, with Axis Capital, IIFL Capital Services and Nomura overseeing the issue as Book Running Lead Managers.

Wakefit’s RHP highlights sectoral opportunities and outlines risks, including competition in the consumer brand and D2C space. Investors are advised to evaluate the risk section thoroughly before subscribing.