Wakefit Innovations Limited has announced that its initial public offering (IPO) will open for subscription on Monday, December 8, 2025, with the issue closing on Wednesday, December 10, 2025. The Anchor Investor bidding will take place a working day earlier, on Friday, December 5, 2025. The company has fixed the price band at ₹185–₹195 per equity share of face value ₹1 each.
Bids can be placed for a minimum of 76 equity shares and in multiples of 76 shares thereafter.
The IPO comprises a fresh issue of equity shares worth ₹3,771.78 million and an Offer for Sale (OFS) of 46,754,405 equity shares by promoters and existing shareholders. Promoter Selling Shareholders Ankit Garg and Chaitanya Ramalingegowda will offload 7,729,488 and 4,452,185 shares respectively. Other investors participating in the OFS include Peak XV Partners Investments VI, Verlinvest S.A., Redwood Trust, SAI Global India Fund I LLP, Paramark KB Fund I, and Nitika Goel.
The IPO will be conducted through the Book Building Process, in accordance with SEBI’s ICDR Regulations. Not less than 75% of the offer will be reserved for Qualified Institutional Buyers (QIBs). The company may allocate up to 60% of the QIB portion to Anchor Investors on a discretionary basis, with one-third of this reserved for domestic mutual funds.
Up to 15% of the offer will be available for Non-Institutional Bidders (NIBs), subdivided into two categories based on application size. Retail Individual Investors (RIIs) will have access to not more than 10% of the offer.
All bidders, except Anchor Investors, must apply using the Application Supported by Blocked Amount (ASBA) mechanism. UPI-based applications will be accepted for retail investors.
The equity shares are proposed to be listed on both the BSE and the National Stock Exchange (NSE). Axis Capital Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited are acting as the Book Running Lead Managers to the offering.
Wakefit has filed its Red Herring Prospectus (RHP) dated November 29, 2025, which is available on the SEBI, BSE, NSE, company, and BRLM websites. The company cautioned that investing in equity shares involves significant risks and advised potential investors to review the “Risk Factors” section of the RHP.
