Wakefit Innovation Limited, a D2C home and the decoration firm located in Bangalore, have prepared a draft of Red Herring Prospects (DRHP) with Capital Market Regulator SEBI to raise ₹ 468 crore through an initial public offering (IPO).
According to DRHP, there is a combination of a new issue of the proposed IPO equity shares, which is a resolution for sale of 5,83,99,085 equity shares (5.83 crore shares) by sales shareholders (468.2 crore and a proposal for sale (OSS).
As part of the OFS, Nitika Goyal, including promoters, Ankit Garg and Chaitanya Ramalingegowda and other sales shareholders, Peak XV Partners Investments VI, Redwood Trust, Worldwest SA, Sai Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Fund, Investigation.
As per the filing, Wakefit has proposed to use the fresh income from the fresh issue towards the finance of 117 new cocoa – regular stores and a cocoa -jumbo store. ₹ 15.4 crore towards Capex for the purchase of new equipment and machinery; ₹ 145 crore towards the expenditure on the lease, rent and license fee payment on sub-leaves for existing stores; To increase the awareness and visibility of the brand, ₹ 108.4 crore will be used for marketing and advertising expenses and the remaining amount will be used for general corporate purposes.
The company can consider a pre-IPO placement up to 93.6 crore, before filing Red hering prospectus with Roc, in consultation with BRMMS. If pre-IPO placement is done, the latest issue will be reduced to the extent of such pre-IPO placement, it was reported.
In 2016, Wakefit reported revenue from the operation of .3986.3 crore in FY 2014.
Axis Capital Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the lead lead managers for the issue. The company’s equity shares are proposed to be listed on BSE and NSE.
Published – June 27, 2025 05:58 pm IST