Wakefit Innovations Lists Shares at Issue Price of Rs 195 After Successful IPO

Wakefit Innovations shares are listed at Rs 195 on the National Stock Exchange , which is at par with the issue price. The stock is listed at Rs 194.10 on the BSE , a discount of 0.5%. The company set the issue price at Rs 195 per equity share. The IPO , which raised Rs 1,288.89 crores, is a combination of 1.93 crore fresh shares aggregating to Rs 377.18 crores, and an offer for sale of 4.68 crore shares amounting to Rs 911.71 crores. The IPO was opened for bidding on December 8 and ended on December 10. The allotment for shares was finalised on December 11. A retail applicant had to apply for a minimum of one lot of 76 shares, amounting to Rs 14,820. The lot size investment for a small NII is 14 lots of 1,064 shares, amounting to Rs 2 lakh, and for a big NII, it is 68 lots of 5,168 shares, aggregating to Rs 10 lakh. Axis Capital worked as the book-running lead manager for the IPO, and MUFG Intime India was the registrar of the issue. Wakefit Innovations is an Indian D2C (Direct-to-Consumer) home and sleep solutions company, best known for its high-quality and affordable range of mattresses, furniture, and home décor products. The company initially gained popularity with its memory foam mattresses sold directly to customers online, eliminating middlemen and offering competitive prices. Over time, Wakefit expanded its portfolio to include pillows, beds, sofas, study tables, wardrobes, and other furniture items, catering to the evolving needs of modern Indian homes.