Wakefit files DRHP to raise Rs 468 Cr via fresh issue

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Here’s a structured list based on the provided information about Wakefit:

Company

  • Startup: Wakefit

Founders

  • Ankit Garg
  • Chaitanya Ramalingegowda

Funding Details

  • Funds:
    • Peak XV
    • Verlinvest
    • Investcorp Growth
    • SAI Global
    • Paramark Fund
    • Redwood Trust
    • Elevation Capital

Fundraise Series

  • Initial Public Offering (IPO)

Fundraise Amount

  • Fresh Issue: ₹468 crore (approx. $55 million)
  • Offer for Sale (OFS): 5.84 crore equity shares

OFS Breakdown

  • Peak XV: 2.5 crore shares (48.8% of total OFS)
  • Verlinvest: 1 crore shares
  • Investcorp Growth: 54.5 lakh shares
  • Co-founders (Ankit Garg & Chaitanya Ramalingegowda): 1.21 crore shares collectively
  • Other Participants: Redwood Trust, SAI Global, Paramark Fund, etc.

Ownership Stake

  • Peak XV: 22.7%
  • Verlinvest: 9.89%
  • Investcorp: 9.39%
  • SAI Global: 5.35%
  • Elevation Capital: 4.73%
  • Paramark Fund: 1.65%
  • Ankit Garg: 33.38%
  • Chaitanya Ramalingegowda: 10.09%

IPO Management

  • Book-Running Lead Managers: Axis Capital, IIFL Capital, Nomura

Date of Filing

  • Filing Date: Thursday (exact date not specified, but noted as the filing day)

Additional Information

  • Revenue (FY25, first nine months): ₹971 crore
  • Net Loss: ₹8.8 crore
  • Revenue Sources:
    • 54.78% from own channels
    • Remaining from marketplaces and multi-brand outlets (MBOs)

Stock Exchange Listing

  • Planned Listing: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)

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2025-06-27 06:34:30