Muted institutional demand keeps Wakefit IPO subscription subdued on second day

Wakefit’s IPO saw slow overall traction by Day 2, with retail demand stronger than institutional participation as the grey market signaled only modest listing gains.

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6 days ago

Muted institutional demand keeps Wakefit IPO subscription subdued on second day

Muted institutional demand keeps Wakefit IPO subscription subdued on second day
Investor participation in the Wakefit Innovations IPO remained moderate on Day 2, with overall subscription reaching around 23 percent after drawing only 15 percent demand on the opening day. The issue is priced in the range of Rs 185 to Rs 195 per share, valuing the Bengaluru based home and furnishings company at approximately Rs 6,400 crore