The public issue of Wakefit Innovations — a leading mattress and home-furnishing company — closed with an overall subscription of 2.52× on the final day of bidding (10 December 2025), according to exchange data
Despite a slow start — with only ~15% subscription on Day 1 and ~39% by Day 2 — demand surged on the final day across retail and institutional investors
Detailed category-wise subscription:
- Retail Individual Investors (RII) quota saw ~3.17× subscription.
- Qualified Institutional Buyers (QIB) portion got ~3.04× bids.
- Non-Institutional Investors (NII) quota was subscribed ~1.05×.
IPO Basics: What Wakefit Offered
- Price band: ₹185–₹195 per share.
- Total IPO size: ~₹1,288.89 crore.
- Listing proposed on major exchanges NSE & BSE, with allotments expected on 11 Dec 2025 and listing on 15 Dec 2025.
Why the Late Surge — And What It Suggests
- Initial weak response suggests investors were cautious, possibly due to recent losses at Wakefit and competition in the home-furnishing market. mint
- However, brisk bidding on the final day — especially from retail and QIBs — indicates renewed confidence in Wakefit’s growth strategy and long-term potential in the booming home-and-furnishing segment.
- With strong anchor investments (₹580 crore raised pre-IPO) and a diversified product portfolio, Wakefit appears to have attracted investors betting on rising demand post-pandemic.
What This Means for Investors & the Sector
- Short-term listing gains may be modest. Given mixed sentiment and subscription dynamics, listing price may reflect cautious optimism rather than exuberant valuations.
- Long-term potential in home-furnishing growth. Rising urbanization, demand for online furniture & sleep solutions, and Wakefit’s vertically integrated model may support sustained growth.
- Watch margins and profitability. For value creation, Wakefit must shift from subscription buzz to improving margins, controlling costs, and scaling operations efficiently.
- Sector-wide ripple effect. A decent listing may encourage other D2C or home-decor brands to consider IPOs — signalling investor appetite for consumption-linked, post-pandemic recovery plays.
What to Watch Next
- Allotment results on 11 Dec — to see how many investors get shares and at what quantity.
- Listing day share price vs IPO price — early trading will signal market confidence.
- Quarterly performance: revenue growth, profitability, and inventory/working-capital trends.
- Competitive response: how other home-furnishing players price and position themselves post-Wakefit listing.
The Wakefit IPO closing at 2.52× subscription shows that investors see value in India’s housing and home-improvement boom — but long-term success will depend on execution, profitability, and market conditions
