Indian furniture retailer Wakefit stock dips after market debut
- ByStartupStory | December 16, 2025
Indian Furniture Retailer Wakefit Stock Dips After Market Debut
Wakefit Innovations Ltd., a leading direct-to-consumer home and sleep solutions brand, made a subdued stock market debut on December 15, 2025, listing flat to marginally lower on both NSE and BSE. Shares opened at ₹195—the upper end of the IPO price band—on NSE but dipped to ₹194.10 on BSE, reflecting investor caution despite strong brand recognition and revenue growth.
Flat listing despite decent subscription
The ₹1,289 crore IPO, open from December 8-10, was subscribed 2.52 times overall. Retail investors showed solid interest at 3.17 times, while QIBs subscribed 3.04 times. NIIs were softer at 1.05 times. Ahead of the public issue, Wakefit raised ₹580 crore from anchor investors.
Post-listing, the company commanded a market capitalisation of approximately ₹6,344 crore. The muted response aligns with market expectations given the valuation and profitability trajectory.
Financial snapshot and growth story
Wakefit reported 28% year-on-year revenue growth to ₹1,305 crore in FY25, though net loss widened to ₹35 crore from the prior year. H1 FY26 showed improvement with ₹35.6 crore profit for the six months ended September, driven by operating leverage and cost discipline.
Revenue from operations reached ₹724 crore in H1 FY26. The company, founded in 2016, has scaled rapidly to over ₹1,000 crore total income by FY24 among organised peers.
IPO proceeds and expansion plans
Fresh issue proceeds (₹377 crore) fund 117 new company-owned stores, equipment purchases, lease payments, marketing, and general corporate purposes. The OFS (₹912 crore) allows promoter and early investors to partially exit.
Wakefit aims to strengthen its omnichannel presence amid rising online acquisition costs, blending D2C with offline expansion.
Market takeaway
Analysts remain neutral, advising monitoring post-listing performance. Valuation appears premium relative to peers given modest margins and profitability track record. Investors await sustained execution in the competitive home furnishings sector.
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