Wakefit Innovations Limited will open its Initial Public Offering (IPO) on Monday, December 8, 2025, with the issue closing on Wednesday, December 10, 2025. The Anchor Investor bidding will take place on Friday, December 5, 2025. The company has fixed the price band at ₹185–₹195 per equity share of face value ₹1 each, and investors can apply for a minimum of 76 shares and in multiples thereafter.
- The IPO comprises a Fresh Issue worth ₹3,771.78 million and an Offer for Sale (OFS) of 46,754,405 equity shares by existing shareholders. Promoter selling shareholders include Ankit Garg (up to 7.7 million shares) and Chaitanya Ramalingegowda (up to 4.45 million shares). Other major sellers include Peak XV Partners, Verlinvest S.A., Nitika Goel, Redwood Trust, SAI Global India Fund I LLP and Paramark KB Fund I.
- The Offer will follow the Book Building Process under SEBI ICDR regulations, with 75% reserved for QIBs, up to 60% of which may be allotted to Anchor Investors. Further, 15% is reserved for Non-Institutional Bidders (NIBs) and 10% for Retail Individual Bidders (RIBs). Mutual Funds will get a separate 5% reservation within the QIB portion. All investors, except Anchor Investors, must apply through the ASBA mechanism or UPI.
- The equity shares are proposed to be listed on BSE and NSE. Axis Capital, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) Pvt. Ltd. are acting as the Book Running Lead Managers (BRLMs) for the issue. The company released its Red Herring Prospectus dated November 29, 2025, ahead of the public offering.
