Wakefit Innovations IPO Shows Modest Response, Subscribed 2.52x on Day 3

Wakefit Innovations Limited's initial public offering (IPO) has demonstrated modest investor interest through its third day of subscription. The stock price band is set at ₹185-195 per share. The ₹1,288.89 crore IPO reached 2.52 times by 5:04:34 PM on day three. 
Wakefit Innovations IPO retail segment leads with moderate 3.17 times subscription. Qualified institutional buyers demonstrate moderate participation at 3.04 times. Non-institutional investors show moderate interest at 1.05 times. Anchor investors show complete participation at 1.00 times.

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Wakefit Innovations IPO subscription reached modest 2.52 times on day three. It was led by Retail Investors (3.17x), Qualified Institutional Buyers Ex-Anchor (3.04x), and Non-Institutional Investors (1.05x). Total applications reached 2,33,012.

Subscription Status of Wakefit Innovations IPO:

Here are the subscription details for Wakefit Innovations IPO as of Day 3 (December 10, 2025, 5:04:34 PM):

Key Highlights - Day 3:

• Overall subscription reached modest 2.52 times, showing substantial improvement from day two's 0.40 times
• Retail investors displaying moderate confidence at 3.17 times, building substantially from day two's 1.82 times, indicating improved retail interest for this D2C home and sleep solutions provider
• Qualified institutional buyers (ex-anchor) showing moderate performance at 3.04 times, building dramatically from day two's 0.00 times, indicating improved institutional interest
• Total applications reached 2,33,012, showing moderate investor participation for this mainboard IPO, an increase from day two's 1,27,127 applications
• Cumulative bid amount reached ₹1,787.62 crores, significantly exceeding the net offer size of ₹708.89 crores (excluding anchor portion) by approximately 2.5 times

Wakefit Innovations IPO - Day 2 Subscription at 0.40 Times

Key Highlights - Day 2:

• Overall subscription reached weak 0.40 times, showing modest improvement from day one's 0.16 times
• Retail investors displaying moderate confidence at 1.82 times, building substantially from day one's 0.77 times
• Non-institutional investors showing weak performance at 0.25 times, improving from day one's 0.07 times
• Qualified institutional buyers showing negligible participation at 0.00 times, maintaining from day one's 0.00 times

Wakefit Innovations IPO - Day 1 Subscription at 0.16 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.16 times, showing very cautious initial investor interest
• Retail investors displaying weak confidence at 0.77 times, indicating subdued retail appetite
• Non-institutional investors showing negligible performance at 0.07 times, indicating very weak HNI interest
• Qualified institutional buyers showing negligible participation at 0.00 times, indicating virtually no institutional interest

About Wakefit Innovations Limited

Incorporated in 2016, Wakefit Innovations Limited is an Indian D2C (Direct-to-Consumer) home and sleep solutions company, best known for its high-quality and affordable range of mattresses, furniture, and home décor products. The company initially gained popularity with its memory foam mattresses sold directly to customers online, eliminating middlemen and offering competitive prices. Over time, Wakefit expanded its portfolio to include pillows, beds, sofas, study tables, wardrobes, and other furniture items, catering to the evolving needs of modern Indian homes. Product portfolio includes mattresses, furniture, and furnishings. Competitive strengths include largest and fastest growing D2C home and furnishing solutions destination, comprehensive home and furnishing solutions brand with core focus on product innovation, full-stack vertically integrated operations with differentiated processes and technical capabilities, omnichannel sales presence and strategically located store network, and multi-faceted marketing approach enhancing brand image.