Wakefit files IPO documents; Promoters, investors Peak XV, Verlinvest, Investcorp to offload stake

Wakeffit Innovations Ltd, a home and furnishings company, made plans for its first public offering plans and tried to upgrade to its market editor La468.2 Crore is more than twice the number of stores.

In addition to the new stock, the company will offer to sell up to 58.4 million shares, including the company and the major private capital investors, according to the Red Herring Prospectus draft opened to the Indian securities and the Stock Exchange Board.

As part of the sales bid, Wakeffit’s supporters will sell 7.73 million and 4.45 million shares respectively, respectively. The best corporate investors selling stocks are likely to obtain multi -storey return on the public offering.

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Peak XV sells 25.06 million shares he obtained at an average cost. La20.52. InvestCorp funds selling 6,18 million shares bought them LaVerlinvest sa, each selling 85-88 and 10.19 million shares, bought them La82.67 each.

The Paramark KB Fund is selling 3.06 million shares, the SAI Global India Fund sells 830,000 shares, the individual Nitika Goel sells 720,000 shares and Redwood Trust sells 170,000 shares.

Founded in 2016, Wakefit sells beds, beds, sofas and home furniture through its flagship brand to a large extent through its own website and application. It has expanded its sales to a mixture of e-commerce, experience centers and company-owned and operated stores.

From 2018 to 2023, the company has made more than one capital tours from its investors. WakeFit rose in the last round in January 2023 LaExisting investors are 320 Crore, led by Investcorp with the participation of Sequoia Capital India, Verlinvest and Sig.

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The company also, La93.6 Crore according to Prospectus draft.

WakeFit appointed Axis Capital, IIFL Securities and Nomura as the chief executives who directed books.

New outlets

That La468.2 Crore, which he plans to raise from IPO, will invest in Wakeffit La82.1 CRORE 118 will open a new output, La145.2 Crore for rent payments for existing stores and La15.4 Crore on equipment. Will also spend La108.4 advertising and brand marketing Crore, he said.

The company had 98 stores as of December 2024. Soon he plans to open his first big store called Jumbo Store in Bengaluru.

Wakeffit is expected to follow the footprints of Honasa Consumer (Mamaearth), Lenskart, Licıcıcıs and Boat are expected to soon touch public markets.

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Company Revented La994.3 Crore and a clear loss LaAccording to the draft prospectus, 8.8 Crore in the first nine months of 25 financial years. Wakeffit reported total income La1.017.3 Crore in FY24, La820 crore in the previous financial year, net loss narrowed La15.05 CRORE LaCrore in 145.68 fy23.