Wakefit IPO sees steady retail demand while institutional participation remains muted

Wakefit’s ₹1,289-crore IPO reached 39 percent subscription on Day 2, driven mainly by strong retail demand, while institutional investors stayed largely on the sidelines.

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5 days ago

Wakefit IPO sees steady retail demand while institutional participation remains muted

Wakefit IPO sees steady retail demand while institutional participation remains muted
Investor activity in the Wakefit Innovations IPO showed moderate progress as the issue recorded 39 percent overall subscription by the end of Day 2. Retail investors led the demand, subscribing 1.77 times their reserved portion, reflecting strong interest from individual buyers. In contrast, institutional investors remained cautious with limited participation so far. The ₹1,289 crore issue also drew support from anchor investors earlier, with the company raising ₹580 crore ahead of the public offer.