Wakefit raises ₹580 crore from investors ahead of its ₹1,289 crore IPO, set to list December 15.

Wakefit Innovations Ltd has raised ₹580 crore from anchor investors ahead of its ₹1,289-crore IPO, which opens December 8 and closes December 10. The company, valued at nearly ₹6,400 crore, allotted 29.7 million shares at ₹195 each to domestic and international investors, including HDFC Life, Prudential Hong Kong, and major Indian mutual funds. The IPO includes a ₹377 crore fresh issue for expansion and a ₹912 crore offer for sale, reducing promoter stake from 43.7% to about 37%. Founded in 2016, Wakefit reported ₹724 crore revenue and ₹35.5 crore profit for the six months ended September 30, 2025, and will list on December 15.