MUMBAI: Wakefit Innovations Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its Equity Shares of face value of ₹1 each (“Equity Shares”) on Monday, December 8, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Friday, December 5, 2025. The Bid/ Offer Closing Date is Wednesday, December 10, 2025. The Price Band of the Offer has been fixed from ₹ 185 per Equity Share of face value ₹1 each to ₹ 195 per Equity Share of face value ₹1 each. Bids can be made for a minimum of 76 Equity Shares of face value ₹1 each and multiples of 76 Equity Shares of face value ₹1 each thereafter.
The Initial Public Offering comprises of a Fresh Issue of Equity Shares aggregating up to ₹ 3,771.78 million and an Offer for Sale of up to 46,754,405 Equity Shares by the Selling Shareholders. It includes up to 7,729,488 Equity Shares by Ankit Garg and up to 4,452,185 Equity Shares by Chaitanya Ramalingegowda (collectively the “Promoter Selling Shareholders”); up to 899,205 Equity Shares by Nitika Goel, up to 20,374,774 Equity Shares by Peak XV Partners Investments VI, up to 138,047 Equity Shares by Redwood Trust, up to 10,193,506 Equity Shares by Verlinvest S.A., up to 413,150 Equity Shares by SAI Global India Fund I, LLP and up to 2,554,050 Equity Shares by Paramark KB Fund I (collectively “Other Selling Shareholders”).
This Offer is being made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion the “QIB Portion”) provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations.
In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. From the management team Chaitanya Ramalingegowda, Promoter and Executive Director, Wakefit Innovations Limited and Ankit Garg, Promoter, Chairperson, Chief Executive Officer and Executive Director, Wakefit Innovations Limited interacted with our representative Sachin P.M, Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors) including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs.
Further, not more than 15% of the Offer shall be available for allocation to NIBs of which (a) one third portion shall be reserved for Bidders with application size of more than ₹0.20 million and up to ₹1.00 million; and (b) two-thirds of the portion shall be reserved for Bidders with application size of more than ₹1.00 million, provided that the unsubscribed portion in either of such sub-categories may be allocated to Bidders in other sub-category of the NIBs in accordance with SEBI ICDR Regulations and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders (“RIB”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.
All Bidders (except Anchor Investors) are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID (in case of UPI Bidders using the UPI Mechanism), in which case the corresponding Bid Amounts will be blocked by the SCSBs or under the UPI Mechanism, as applicable to participate in the Offer. Anchor Investors are not permitted to participate in the Anchor Investor Portion of the Offer through the ASBA process.
The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).
Axis Capital Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (“BRLMs”) to the Offer.
