HDFC Mutual Fund has made a significant investment in Wakefit by purchasing 30 lakh shares through open market transactions on March 23. Following this acquisition, Wakefit reported an increase in HDFC's shareholding from 4.52% to 5.43%.
At Wakefit's closing price of ₹155 on March 23, the mutual fund's investment amounted to ₹46.5 crore, raising its total shares in the company from 1.49 crore to 1.79 crore.
This acquisition involved various schemes of HDFC Mutual Fund, including:
- HDFC Children’s Fund
- HDFC Consumption Fund
- HDFC Small Cap Fund
The HDFC Trustee Company Limited facilitated these transactions.
Notably, HDFC Mutual Fund was a prominent anchor investor during Wakefit's IPO, contributing ₹62 crore through two of its funds—HDFC Children’s Fund and HDFC Non Cyclical Consumer Fund. In the anchor round, the mutual fund acquired 31.80 lakh shares.
Wakefit made its stock market debut on December 15, 2025, with an IPO that included a fresh issue of ₹377.2 crore and an offer-for-sale of 4.68 crore shares. The IPO saw a strong response, receiving bids for 9.16 crore shares against the 3.64 crore shares available, resulting in an oversubscription of 2.5 times.
The company plans to use the capital raised from the IPO to enhance its offline presence by establishing 118 company-owned and operated (COCO) stores.
Despite the initial excitement, Wakefit's shares have seen a decline since their listing at ₹194.1 on the BSE. As of today, the stock closed at ₹160.5, down 2.2% from the previous close, and has dropped over 17% from its listing price.
On a positive note, Wakefit recently reported profitability, posting a net profit of ₹31.9 crore in Q3 FY26, a turnaround from a loss of ₹2.4 crore in the same quarter last year. Operating revenue increased by 9.4% year-over-year to ₹421.3 crore, while total expenses remained stable at approximately ₹396.7 crore.
As of the end of Q3, the company operates 137 company-owned and operated stores, furthering its expansion strategy.
