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Wakefit IPO draft filed; owners to pare stake

Mint Hyderabad

|

June 28, 2025

Wakefit Innovations Ltd, a home furnishings company, has submitted plans for an initial public offering to the market regulator, seeking to raise ₹468.2 crore to double its store count.

- Mansi Verma

Apart from the issue of fresh shares, the company will offer to sell up to 58.4 million shares held by current owners, including founders and major private equity investors, shows the draft red herring prospectus filed with the Securities and Exchange Board of India.

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