Upcoming Indian D2C (Direct-to-Consumer) Public Listing: Wakefit Innovations IPO

05 December 2025

Wakefit Innovations, one of India’s leading home-and-sleep solutions brands, opens its IPO subscription window on December 8, 2025. 

The offer comprises a fresh issue of roughly ₹377 crore plus an Offer-for-Sale, valuing the company at around ₹6,000–6,400 crore. 

Backed by promoters Ankit Garg and Chaitanya Ramalingegowda, Wakefit has moved beyond mattresses and built a diversified home-furnishing portfolio; beds, sofas, wardrobes, décor, and more, sold through online, offline, and its own stores.

Over the years, the company has quietly built a vertically integrated engine:

The IPO is expected to strengthen working capital, expand manufacturing capacity, and deepen Wakefit’s presence across Tier-2/3 India,  markets that now contribute more than 45% of sales.

​FY25: Growth Amid Losses

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• Revenue from operations rose about 29–30% in FY25 to ₹1,305 crore.

• The company remained EBITDA-positive with ₹90.8 crore EBITDA in FY25. 

• However, net loss widened to ₹35 crore, compared with ₹15 crore loss in FY24, driven by higher operating expenses including material, marketing and store expansion costs. 

• In H1 FY26 alone (six months through Sept 2025), Wakefit reported ₹741 crore revenue and a small profit after tax of ₹35.5 crore, suggesting early signs of turnaround post-IPO filing. 
  

With its tightly integrated manufacturing engine, expanding omni-channel footprint, and a growing home solutions portfolio, Wakefit enters the public markets with the fundamentals of a business built for scale, a mix that makes the IPO worth watching.