HDFC Mutual Fund increases stake in Wakefit.
HDFC Mutual Fund has increased its stake in Wakefit by purchasing 3 million shares through open market transactions on Monday, March 23, according to a filing. This acquisition raises HDFC Mutual Fund’s shareholding from 4.52% to 5.43%.
Based on Wakefit’s closing price of ₹155 on March 23, the investment amounts to ₹46.5 Cr. The mutual fund’s holdings in Wakefit have increased from 1.49 Cr to 1.79 Cr shares post-transaction.
The acquisition was executed through multiple schemes managed by HDFC Mutual Fund, including HDFC Children’s Fund, HDFC Consumption Fund, and HDFC Small Cap Fund, with HDFC Trustee Company Limited acting on behalf of these schemes.
HDFC Mutual Fund was an anchor investor in Wakefit’s IPO, subscribing to ₹62 Cr worth of shares from its HDFC Children’s Fund and HDFC Non Cyclical Consumer Fund, acquiring 31.80 Lakh shares in the anchor round.
Wakefit listed on stock exchanges on December 15, 2025, with an IPO comprising a fresh issue of ₹377.2 Cr and an offer-for-sale of 4.68 Cr shares. The IPO was oversubscribed by 2.5 times.
The company planned to use the IPO proceeds to expand its offline presence by establishing 118 company-owned company-operated (COCO) stores.
Promoters Ankit Garg and Chaitanya Ramalingegowda, along with investors Peak XV Partners, Verlinvest, and Paramark, participated in the offer for sale.
Wakefit’s shares have decreased since listing at ₹194.1 on the BSE. The stock closed at ₹160.5, which is 17% lower than its listing price.
In Q3 FY26, Wakefit reported a net profit of ₹31.9 Cr, compared to a loss of ₹2.4 Cr in the same period last year. Operating revenue increased by 9.4% YoY to ₹421.3 Cr, while total expenses remained stable at ₹396.7 Cr.
Wakefit has expanded its offline presence, operating 137 company-owned, company-operated stores as of the end of Q3.
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