Overview
- Wakefit allotted 2.97 crore shares at Rs 195 each to 33 anchor investors, with domestic mutual funds taking about 1.6 crore shares or 54.3% of the allocation.
- The IPO totals about Rs 1,289 crore, comprising a fresh issue of Rs 377.18 crore and an offer for sale of 4.68 crore shares, with a price band set at Rs 185–195.
- Use of fresh proceeds includes Rs 31 crore to set up 117 new COCO stores, Rs 161.4 crore for lease and license payments for existing stores, Rs 15.4 crore for equipment, and Rs 108.4 crore for marketing.
- Post-offer, promoter holding is slated to drop to roughly 37% from 43.70% as selling shareholders offload stock, implying a valuation near Rs 6,400 crore at the top end of the band.
- Grey market indications showed a Rs 36 premium on Dec. 5, which is an informal signal and not an official predictor of listing performance; disclosures also show FY25 losses of about Rs 35 crore with improved EBITDA and H1 FY26 profit of Rs 35.5 crore.