Wakefit Innovations Limited has made an initial public offering which included a fresh issue of its equity shares aggregating up to ₹468.221 crore and an offer for sale of up to 58,399,085 by the Promoters and certain existing shareholders of the Company.
Trilegal acted as the Legal Counsel to Wakefit as well as the following Selling Shareholders - Ankit Garg, Chaitanya Ramalingegowda, Nitika Goel, SAI Global India Fund I, LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I.
Wakefit was advised by Vijay Parthasarathi (Partner), Vedansh Batwara (Senior Associate), and Associates - Sheetal Kumar, Olivia De, and Kohsheen Saraf.
The shareholders were advised by Vinay Sirohia (Partner), Harshvardhan Lahiri (Senior Associate), and Associates - Samarth Bharadwaj and Jasmine Manekshaw.
S&R Associates acted as Legal Counsel to the following Selling Shareholders - Peak XV Partners Investments VI, Redwood Trust and Verlinvest S.A.
CMS Induslaw acted as the Legal Counsel to shareholder with nominee director (Elevation Capital VIII Limited).
The transaction team consisted of Kaushik Mukherjee (Partner) and Anumeha Agrawal (Senior Associate).
TT&A advised the Book Running Lead Managers - Axis Capital Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited, to this IPO.
The transaction team consisted of Abhinav Kumar (Partner), Shubham Sancheti (Managing Associate), Ayana Banerjee (Senior Associate) and Dhruvi Shah, Keshav Yadav & Soham Vakil – Associates.
Hogan Lovells served as the International Legal Counsel to the BRLMs.
Wakefit is a leading online retailer of mattresses, sleep solutions, and other home furnishings in India. They are known for their direct-to-consumer business model, which allows them to offer competitive pricing and a streamlined customer experience. Wakefit's product range includes a variety of mattresses, pillows, bedsheets, and other sleep-related products.
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