According to the DRHP, the proposed IPO is a mix of a contemporary difficulty of fairness shares aggregating as much as ₹468.2 crore and a suggestion on the market (OFS) of 5,83,99,085 fairness shares (5.83 crore shares) by the promoting shareholders.
As a part of the OFS, the promoters, Ankit Garg and Chaitanya Ramalingegowda and Other Selling Shareholders together with Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I can be offloading their shares.
According to the submitting, Wakefit proposes to utilise the online proceeds from the Fresh Issue in the direction of funding of capital expenditure value ₹82 crore for organising of 117 new COCO – Regular Stores and one COCO – Jumbo Store; ₹15.4 crore in the direction of capex for buy of recent gear and equipment; ₹145 crore in the direction of expenditure in the direction of lease, sub-lease lease and license price funds for present shops; ₹108.4 crore in the direction of advertising and commercial bills for enhancing the notice and visibility of the model and the remaining quantity can be used for normal company functions.
The firm, in session with the BRLMs, could contemplate a Pre-IPO Placement aggregating as much as ₹ 93.6 crore, earlier than submitting of the Red Herring Prospectus with the ROC. If the Pre- IPO Placement is undertaken, then the contemporary difficulty can be decreased to the extent of such Pre-IPO placement, it knowledgeable.
Wakefit, arrange in 2016, reported income from operations of ₹ 986.3 crore in FY24.
Axis Capital Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the problem. The fairness shares of the corporate are proposed to be listed on the BSE and the NSE.
Published – June 27, 2025 05:58 pm IST
