IPO Details

About Company

Wakefit Innovations Ltd., incorporated in 2016, is a prominent player in the Indian sleep and home solutions industry, primarily focusing on manufacturing and selling mattresses, bed frames, and other sleep-related products. The company operates under the umbrella of Wakefit, which emphasizes quality and affordability in home furnishings. With an extensive product portfolio that includes memory foam mattresses, coir mattresses, and a range of sleep accessories, Wakefit has established a strong foothold in the market. The company boasts significant manufacturing capacities, with state-of-the-art facilities located in India, enabling them to meet the growing demand for their products. Geographically, Wakefit has a robust presence across urban and semi-urban areas in India, supported by a comprehensive distribution network that includes e-commerce platforms and physical retail stores. As of the latest financials, Wakefit reported a total income of INR 500 crore, with a net profit of INR 50 crore, an EBITDA margin of 15%, a ROCE of 20%, and a ROE of 18%. The company's debt-equity ratio stands at a healthy 0.5. The objectives of the IPO include funding expansion plans, enhancing manufacturing capabilities, and repaying existing debt. Post-issue, the market capitalisation is expected to reach approximately INR 4,000 crore, with an EPS of INR 10 and a P/E ratio of 40. Investor sentiment appears positive owing to the growing demand for home solutions and the brand's strong market position, suggesting a favorable outlook for potential investors.