Wakefit raises Rs 580 Cr from anchor investors ahead of IPO
The key anchor investors who were allocated shares include Ashoka Whiteoak, HDFC Life Insurance, Bajaj Life Insurance, HDFC Mutual Fund, Axis Mutual Fund, Mirae Asset MF, Nippon Life India MF, Tata Mutual Fund, HSBC Mutual Fund, Bandhan Mutual Fund, and Edelweiss MF.
Omnichannel furniture retailer has raised Rs. 580 crore from anchor investors at Rs 195 per equity share, according to an exchange filing.
The key anchor investors who were allocated shares include Ashoka Whiteoak, HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong Limited, 360 One, Steadview Capital Master Fund, Amundi Funds New Silk Road, HDFC Mutual Fund, Axis Mutual Fund, Mirae Asset MF, Nippon Life India MF, Tata Mutual Fund, HSBC Mutual Fund, Bandhan Mutual Fund, Edelweiss MF, Mahindra Manulife MF.
Out of the total allocation of 29,743,590 equity shares to anchor investors, 16,154,332 equity shares (i.e. 54.3 % of the total allocation to anchor investors) were allocated to nine domestic mutual funds applying through 21 schemes.
Wakefit is set to launch its Rs 1,288-crore IPO on Monday (December 8).
The company has set the price band at Rs 185 to Rs 195 per equity share. This values Wakefit at $669 million at the upper end of the price band.
Ankit Garg, Co-founder, CEO and Chairperson at Wakefit, holds a stake of 33.03%, which translates to a holding of Rs 2,012 crore. Garg plans to offload 77 lakh equity shares in the offering, acquired at a weighted average price of Rs 0.02 per share, allowing him to take home Rs 150 crore.
Chaitanya Ramalingegowda. Co-founder Promoter and Executive Director, who holds a stake of 9.98%, is expected to offload 44 lakh shares, acquired at a weighted average price of Rs 0.04, allowing him to take home Rs 86.8 crore.
Wakefit reported revenue from operations of Rs 1,273 crore in FY25. For the six-month period ended September 30, 2025, it clocked Rs 724 crore in revenue from operations and a profit of Rs 35.5 crore.
Edited by Swetha Kannan