New Delhi, Dec. 7 -- Wakefit is preparing to join the new-age companies tapping public markets with initial share sales. Positioned as India's largest direct-to-consumer home and furnishing brand by revenue as of FY24, it will open its Rs.1,289 crore initial public offering (IPO) on 8 December.

For investors, the offer is a chance to track Wakefit's shift from an online mattress seller to a broader home-solutions business spanning furniture and offline retail.

The issue, priced at Rs.185-195, includes a fresh issue of Rs.377 crore and an offer-for-sale of Rs.912 crore. At the top end, Wakefit's implied market capitalization is Rs.6,373 crore, broadly in line with peer Sheela Foam at Rs.6,482 crore. Promoter shareholding will fall to 36....