Wakefit Innovations IPO enters final day with muted overall demand but strong retail traction

Wakefit Innovations’ IPO saw modest overall demand on Day 3, led by strong retail participation and a steady ₹36 grey market premium amid cautious institutional interest.

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5 days ago

Wakefit Innovations IPO enters final day with muted overall demand but strong retail traction

Wakefit Innovations IPO enters final day with muted overall demand but strong retail traction
Participation trends remained mixed as Wakefit Innovations’ ₹1,288.89 crore IPO entered its final day of bidding on December 10. By late morning, overall subscription stood at 0.55 times, with retail investors driving demand at 2.26 times while NII and QIB segments remained subdued. The issue comprises a ₹377.18 crore fresh issue for retail expansion, capex, and brand investment, alongside a ₹911.71 crore offer for sale.