Wakefit raises Rs 580 crore through anchor portion
Mattress and furniture maker Wakefit has raised Rs 580 crore through its anchor portion covering about 45% of the Rs 1,288-crore initial public offering (IPO).
A total of 33 investors took part in the anchor round, including HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund and Mirae Asset, Ashoka Whiteoak ICAV funds, Prudential Hong Kong, and Amundi Funds.
The anchor round was led by HDFC Mutual Fund, which got 7.8% of the anchor allocation, followed by Mirae Asset and HDFC Life Insurance, each securing 7.2% of the anchor portion.
According to the anchor allocation document, the company allotted about 29.74 million shares to anchor investors. Mutual funds accounted for 54.3% of this allocation, amounting to around Rs 315 crore across 21 schemes.
Other key participants in the anchor book included Steadview Capital, which accounted for about 4% of the allocation, and Info Edge’s Capital 2B Fund, which took up around 1.7% of the anchor portion.
Also Read: All you need to know about Wakefit's upcoming Rs 1,288-crore IPO
Wakefit aims to raise Rs 377 crore by an issue of fresh shares. The IPO will open on December 8, and will see the existing shareholders offer 46.7 million shares for sale.
The Bengaluru-based company posted a revenue of Rs 1,274 crore in FY25, from Rs 986 crore in FY24, while its net loss widened to Rs 35 crore during the period from Rs 15 crore in FY24.
For the six months ended on September 30, the company reported a net profit of Rs 35.5 crore on revenue of Rs 724 crore.
Founded in 2016, the Peak XV-backed company initially focussed on sleep-related products such as mattresses, pillows, and bed frames. Over time, it expanded the portfolio to include a wide range of home products, including sofas, dining sets, wardrobes, study tables, and bookshelves.
A total of 33 investors took part in the anchor round, including HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund and Mirae Asset, Ashoka Whiteoak ICAV funds, Prudential Hong Kong, and Amundi Funds.
The anchor round was led by HDFC Mutual Fund, which got 7.8% of the anchor allocation, followed by Mirae Asset and HDFC Life Insurance, each securing 7.2% of the anchor portion.
According to the anchor allocation document, the company allotted about 29.74 million shares to anchor investors. Mutual funds accounted for 54.3% of this allocation, amounting to around Rs 315 crore across 21 schemes.
Other key participants in the anchor book included Steadview Capital, which accounted for about 4% of the allocation, and Info Edge’s Capital 2B Fund, which took up around 1.7% of the anchor portion.
Also Read: All you need to know about Wakefit's upcoming Rs 1,288-crore IPO
Wakefit aims to raise Rs 377 crore by an issue of fresh shares. The IPO will open on December 8, and will see the existing shareholders offer 46.7 million shares for sale.
The Bengaluru-based company posted a revenue of Rs 1,274 crore in FY25, from Rs 986 crore in FY24, while its net loss widened to Rs 35 crore during the period from Rs 15 crore in FY24.
For the six months ended on September 30, the company reported a net profit of Rs 35.5 crore on revenue of Rs 724 crore.
Founded in 2016, the Peak XV-backed company initially focussed on sleep-related products such as mattresses, pillows, and bed frames. Over time, it expanded the portfolio to include a wide range of home products, including sofas, dining sets, wardrobes, study tables, and bookshelves.
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