Wakefit sets IPO band at Rs 185-195; Peak XV eyes 10X return

Wakefit, the home and sleep solutions brand, has set a price band of Rs 185-195 per share for its upcoming IPO, pegging its valuation at around Rs 6,400 crore ($719 million). While the public issue promises blockbuster exits for a few early backers, it offers only modest returns for some late-stage investors.

According to RHP analysis, Peak XV Partners (formerly Sequoia Capital India) emerges as the biggest beneficiary of the listing. The firm is set to clock a 10X return on its decade-long bet on Wakefit. Redwood Trust is also headed for a strong…