India, June 30 -- India's Startup IPO Spring

Untethered by the lacklustre listing of Ather and ArisInfra so far in 2025, homegrown new-age tech ventures continue nonchalantly. Last week, industry titans Wakefit and Pine Labs filed their respective DRHPs to list on the exchanges.

While Wakefit filed its draft papers for at least INR 468 Cr listing (with an additional offer for sale of up to 5.8 Cr shares), Pine Labs touted IPO plans for fresh issue of shares worth up to INR 2,600 Cr and an OFS of up to 14.78 Cr shares.

Wakefit's Cushy Listing Dreams? What may work for the D2C mattress and furniture brand's IPO is its hefty market share in the online furnishing market, healthy revenues (INR 971 Cr in 9M FY25), its stride towards profitab...