Dhurandhar Memes, Jokes: The film has amassed an impressive Rs 588 crore in worldwide gross collections within just 11 days of release, according to industry tracker Sacnilk. New Delhi: Filmmaker Aditya Dhar's Dhurandhar is unstoppable at the Box Office and rightly so! The actioner has left fans
Wakefit IPO to open Dec 8, seeking to raise Rs 377 crore primary capital
Mattress and furniture maker Wakefit has filed its red herring prospectus with the Securities and Exchange Board of India for an initial public offering, aiming to raise Rs 377 crore by an issue of fresh shares.
The IPO, which will open on December 8, will also have an offer for sale (OFS) component where the company's existing shareholders will offer 46.7 million shares for sale.
As part of the OFS, Wakefit founders Ankit Garg and Chaitanya Ramalingegowda, Peak XV Partners and Verlinvest, among others will be offloading shares.
In its draft red herring prospectus filed on June 27, the Bengaluru-based company had proposed to raise Rs 468 crore by selling fresh shares.
Wakefit said it plans to use the proceeds to set up 117 company-owned-company-operated retail outlets (Rs 31 crore), for lease expenses (Rs 161 crore), purchase of new equipment and machinery (Rs 15 crore), and marketing and advertising (Rs 108 crore).
The company entered offline retail in 2022 and as of September 2025, it had 125 stores.
For the six months ended on September 30, the company reported a net profit of Rs 35.5 crore on revenue of Rs 724 crore. For FY25, Wakefit posted Rs 1,274 crore of revenue and a loss of Rs 35 crore.
Founded in 2016, the Peak XV-backed company initially focussed on sleep-related products such as mattresses, pillows and bed frames. Over time, it expanded the portfolio to include a wide range of home products, including sofas, dining sets, wardrobes, study tables and bookshelves.
For the six months ended September 30, its own channels contributed around 65% to the company's total operating revenue, while the rest came from other channels, including marketplaces and multi-brand outlets.
Wakefit competes with the likes of Sheela Foam Ltd, a listed firm that owns the Sleepwell and Kurl-On brands, as well as several new-age rivals such as Premji Invest-backed The Sleep Company and Saama Capital-backed SleepyCat.
Source: EconomicTimes
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Dhurandhar Memes, Jokes: The film has amassed an impressive Rs 588 crore in worldwide gross collections within just 11 days of release, according to industry tracker Sacnilk. New Delhi: Filmmaker Aditya Dhar's Dhurandhar is unstoppable at the Box Office and rightly so! The actioner has left fans
2 months ago
