The ₹1,289 crore initial public offering (IPO) of Wakefit Innovations, the D2C home and furnishings brand backed by Peak XV Partners, Elevation Capital and Investcorp, opened for subscription on December 8. The issue will close on December 10, 2025.

The IPO saw 7% overall subscription on Day 1 so far, with retail investors driving demand at 33%, followed by non institutional investors at 3%.

The company has fixed a price band of ₹185-195 per share for its maiden offering, implying a post-issue market cap of about ₹6,400 crore.

Retail investors can apply for a minimum of one lot consisting of 76 shares, requiring an investment of ₹14,820, with subsequent applications in multiples of 76 shares.

Wakefit Innovations IPO: Should you apply?

SBI Securities: Avoid

SBI Securities has assigned

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