Overview
- Wakefit allotted 29,743,590 shares at Rs 195 each to anchors, raising Rs 580 crore, with nine domestic mutual funds taking 54.3% of the allocation across 21 schemes.
- The anchor book included HDFC Life, Bajaj Life Insurance, Prudential Hong Kong, 360 ONE, Steadview Capital and major domestic mutual funds, per the BSE filing.
- The IPO totals about Rs 1,289 crore with a price band of Rs 185–195; subscriptions run Dec. 8–10, allotment is expected Dec. 11, and listing is slated for Dec. 15 on BSE and NSE.
- Fresh proceeds are earmarked for lease and license fees, marketing, equipment purchases and setting up 117 company-owned stores, including specific allocations disclosed in the offer document.
- The offer-for-sale by promoters and early investors will reduce promoter holding from 43.7% to roughly 37%; FY25 saw revenue of about Rs 1,274 crore and a Rs 35 crore net loss, while H1 FY26 delivered Rs 724 crore revenue and Rs 35.5 crore profit.