Wakefit IPO: Home and Sleep Solutions Brand Gears Up for Market

Wakefit, renowned for its home and sleep solutions, submitted its Red Herring Prospectus (RHP) on November 30, 2025, in preparation for its forthcoming IPO. The financial results of the company reveal consistent growth during the first half of the financial year ending March 31, 2026. Wakefit’s operating revenue reached Rs 724 crore in H1 FY26, as detailed in the financial report contained in the Red Herring Prospectus.

Additionally, the company generated Rs 17 crore from non-operating activities, increasing its total revenue to Rs 741 crore for H1 FY26. On the expenditure front, the most significant cost was materials, which comprised 44% of the total expenses that amounted to Rs 313 crore in FY25. Employee benefit expenses totalled Rs 79.5 crore in H1 FY26, while finance costs and depreciation were noted at Rs 15 crore and Rs 53 crore respectively. Consequently, the overall total expenses registered at Rs 706 crore for H1 FY26.

In terms of profit, Wakefit achieved a profit after tax (PAT) of Rs 35.5 crore during the first half of the current fiscal year. In comparison, the company recorded a loss of Rs 35 crore in the previous fiscal year ending March 31, 2025. Return on Capital Employed (ROCE) and EBITDA margin figures were recorded at 4.38% and 11.95% for the first half.

On a per-unit basis, the company expended Rs 0.98 to generate a rupee of operating revenue in H1 FY26. Current assets were valued at Rs 229 crore, which included Rs 23 crore in cash and bank balances.

Shareholder Structure and IPO Details

According to the RHP, Peak XV is the largest external stakeholder with a 22.47% ownership, followed by Verlinvest and Investcorp holding 9.79% and 9.29% respectively. SAI Global Investment possesses 5.35%, while Elevation Capital and Paramark Fund each own 4.68% and 1.63%. Among the promoters, Ankit Garg has the most substantial stake at 33.03%, with Chaitanya Ramalingegowda following at 9.98%.

The firm based in Bengaluru has revised its IPO scope from the earlier Draft Red Herring Prospectus (DRHP), which initially sought a fresh issue of Rs 468 crore along with an offer for sale (OFS) of 5.84 crore shares. The updated plan now aims to raise Rs 377.2 crore through a fresh issue of shares, alongside an offer for sale (OFS) of 4.68 crore equity shares.