Wakefit raises Rs 580 crore through anchor portion

Mattress and furniture maker Wakefit has raised Rs 580 crore through its anchor book, covering around 45% of the Rs 1,288-crore initial public offering (IPO). A total of 33 investors participated in the anchor round, including HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, Mirae Asset, Ashoka WhiteOak ICAV funds, Prudential Hong Kong, and Amundi Funds.

HDFC Mutual Fund led the anchor allocation with 7.8%, followed by Mirae Asset and HDFC Life Insurance, which secured 7.2% each. The company allotted about 29.74 million shares to anchor investors, according to the allocation document. Mutual funds took up 54.3% of the allocation—around Rs 315 crore across 21 schemes.

Other notable participants included Steadview Capital, which accounted for about 4% of the anchor book, and Info Edge’s Capital 2B Fund, which took up around 1.7%.


Also Read: All you need to know about Wakefit's upcoming Rs 1,288-crore IPO

Wakefit plans to raise Rs 377 crore through a fresh issue. The IPO, which opens on December 8, will also include an offer for sale of 46.7 million shares by existing shareholders.

The Bengaluru-based company reported revenue of Rs 1,274 crore in FY25, up from Rs 986 crore in FY24, while its net loss widened to Rs 35 crore from Rs 15 crore the previous year. For the six months ended September 30, Wakefit posted a net profit of Rs 35.5 crore on revenue of Rs 724 crore.

Founded in 2016, the Peak XV–backed company began with sleep-related products such as mattresses, pillows and bed frames, and has since expanded into a broader home-products portfolio including sofas, dining sets, wardrobes, study tables and bookshelves.