Wakefit Innovations Ltd., the Indian furniture and mattress maker, has set a price band of ₹185 to ₹195 per share for its upcoming initial public offering (IPO), which could value the company at up to ₹59.96 billion (~$668.9 million), according to Reuters calculations.

IPO Structure and Timeline:

• Fresh Issue Size: The company has reduced the size of the fresh issue to ₹3.77 billion from an initially planned ₹4.68 billion.
• Offer for Sale: Existing investors, including Peak XV Partners, Redwood Trust, Verlinvest, and others, will sell a portion of their stakes.
• Key Dates: The IPO for retail investors opens on December 8. Anchor investors can bid on December 5, and shares are expected to list on December 15.

Market Context:
The IPO comes amid a maturing Indian retail market with rising discretionary spending in categories like home furnishings. India is witnessing a record year for listings, with as much as $8 billion worth of IPOs expected in the final quarter of 2025 alone.

Competitive Landscape:
Wakefit competes with established players such as Sheela Foam, IKEA, Duroflex, and Godrej in India's home and furnishings market.

(Exchange rate: $1 = ₹89.6340)