Bengaluru-based Wakefit Improvements has raised Rs 580 crore from anchor buyers forward of its preliminary public providing (IPO) that opens for subscription on December 8.

The allocation was made to 29,743,590 shares at Rs 195 every, in accordance with a round on the BSE web site.

The anchor e book drew curiosity from HDFC Life Insurance coverage, Bajaj Life Insurance coverage, Prudential Hong Kong, 360 One, Steadview Capital and Amundi Funds New Silk Highway. Home mutual funds together with HDFC MF, Axis MF, Mirae Asset MF, Nippon India MF, Tata MF, HSBC MF, Bandhan MF, Edelweiss MF and Mahindra Manulife MF additionally subscribed by way of a number of schemes.

Wakefit’s Rs 1,289 crore IPO will shut on December 10. The value band has been set at Rs 185 to Rs 195 a share, valuing the Bengaluru firm at almost Rs 6,400 crore. The difficulty features a contemporary share sale of as much as Rs 377.18 crore and a proposal on the market of 4,67,54,405 shares value about Rs 912 crore.

Promoters Ankit Garg and Chaitanya Ramalingegowda, together with shareholders Nitika Goel, Peak XV Companions Investments VI, Redwood Belief, Verlinvest SA, SAI International India Fund I LLP and Paramark KB Fund I, will promote a part of their holdings. After the sale, promoter possession will drop to about 37% from 43.70%.

The corporate plans to make use of Rs 31 crore from the contemporary concern to arrange 117 new company-owned shops and Rs 15.4 crore for brand new tools and equipment. One other Rs 161.4 crore is earmarked for lease and licence funds for current shops, whereas Rs 108.4 crore might be spent on advertising and model visibility. The remainder will go in direction of basic company functions.

Wakefit not too long ago raised Rs 56 crore from DSP India Fund and 360 ONE Fairness Alternatives Fund in a pre-IPO spherical.

Based in 2016, the corporate has grown into considered one of India’s quickest dwelling and furnishings manufacturers to cross Rs 1,000 crore in complete earnings by FY24. It sells mattresses, furnishings and furnishings by way of its personal web site, its community of COCO shops and on-line marketplaces.

The corporate operates 5 manufacturing models in Bengaluru, Hosur and Sonipat, outfitted with automation methods reminiscent of robotic arms and curler belts to cut back waste and pace up manufacturing. Wakefit reported Rs 724 crore in working income and Rs 35.5 crore in revenue for the six months ended September 30, 2025.

The corporate’s shares is anticipated to checklist on December 15, 2025.