HDFC Mutual Fund Shores Up Stake In Wakefit, Buys 30 Lakh Shares
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HDFC Mutual Fund purchased 30 Lakh shares in Wakefit via open market transactions on Monday (March 23). In a filing today, Wakefit disclosed that the mutual fund had increased its shareholding from 4.52% to 5.43% post the acquisition.
As per Wakefit’s closing price for March 23 (₹155), the mutual fund invested ₹46.5 Cr to shore up its stakeholding. Its shares held in the company have increased from 1.49 Cr to 1.79 Cr post the transaction.
The acquisition was made through multiple schemes of HDFC Mutual Fund, including HDFC Children’s Fund, HDFC Consumption Fund and HDFC Small Cap Fund, with HDFC Trustee Company Limited acting on their behalf.
Important to highlight that HDFC Mutual Fund was a key anchor investor in Wakefit’s IPO, subscribing to shares worth ₹62 Cr from its two funds — HDFC Children’s Fund and HDFC Non Cyclical Consumer Fund. The mutual fund had acquired 31.80 Lakh shares in the company in its anchor round.
Wakefit listed on the stock exchanges on December 15, 2025. Its IPO comprised a fresh issue of ₹377.2 Cr and an offer-for-sale of 4.68 Cr shares. The public issue received bids for 9.16 Cr shares against 3.64 Cr shares on offer, translating to an oversubscription of 2.5X.
The company intended to utilise the fresh capital generated from the IPO to expand its offline presence by setting up 118 company-owned company-operated (COCO) stores.
Besides, promoters Ankit Garg and Chaitanya Ramalingegowda, alongside investors Peak XV Partners, Verlinvest, and Paramark, participated in the offer for sale.
The company’s shares have dipped since listing at a discount price of ₹194.1 on the BSE. While its shares ended today’s trading session 2.2% lower than previous close at ₹160.5, the stock has plunged over 17% from its listing price.
On the financial front, the company recently turned profitable. In Q3 FY26, Wakefit posted a net profit of ₹31.9 Cr against a loss of ₹2.4 Cr in the same period previous fiscal. Operating revenue rose 9.4% YoY to ₹421.3 Cr in the quarter, while total expenses remained largely flat at around ₹396.7 Cr.
The company has also been expanding its offline presence, with 137 company-owned, company-operated stores as of the end of Q3.
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