Wakefit Innovations has set its IPO price band at 185-195 rupees per share, targeting a valuation of about $669 million as India’s strong listings cycle continues. The company trimmed its fresh issue size to 3.77 billion rupees from an earlier plan of 4.68 billion rupees, according to its prospectus.
The offering comes as India’s retail market expands, supported by rising discretionary spending on categories such as home furnishings, consumer electronics and fashion. Wakefit, known for its direct-to-consumer furniture and mattress business, aims to capitalize on this growth as maturing consumer segments drive demand for premium home products.
India is on track to surpass last year’s record $20.5 billion in IPO proceeds, with up to $8 billion in offerings expected in the final quarter of 2025. Wakefit’s listing adds to the momentum, reflecting continued appetite for consumer-focused growth stories in the public markets.Wakefit sets an IPO price band of 185-195 rupees, targeting a $669 million valuation amid India’s record-breaking listings boom.
