IPO-Bound Wakefit Nets INR 580 Cr From Anchor Investors

The article discusses Wakefit’s successful pre-IPO fundraise of ₹580 crore from 33 anchor investors. The shares were allotted at ₹195 each, the top of the price band, signaling robust institutional confidence. A large share of the anchor portion was subscribed by leading domestic mutual funds, demonstrating strong domestic appetite for the offering. The IPO includes both a fresh issue and an offer for sale, and the company intends to utilize proceeds for store expansion, equipment purchases, and brand-building initiatives. Wakefit plans to significantly scale its offline presence by opening over 100 new stores across the country. The article also highlights Wakefit’s evolution from a mattress startup to a full home-solutions brand and notes that the strong anchor book is likely to boost momentum for the public subscription phase. Overall, the piece underlines growing investor interest in profitable D2C brands with diversified product lines.