Wakefit Innovations makes flat market debut as IPO lists without premium

Wakefit Innovations listed at par with its IPO price, delivering no listing gains as investor sentiment remained cautious despite reasonable subscription and growth-focused business fundamentals.

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Wakefit Innovations makes flat market debut as IPO lists without premium

Wakefit Innovations makes flat market debut as IPO lists without premium
Wakefit Innovations Limited made a muted debut on the stock exchanges on December 15, with shares listing at ₹195 on the NSE, matching the IPO issue price, while the BSE listing came slightly lower at ₹194.10. The ₹1,288.89 crore public issue was subscribed 2.52 times, driven largely by institutional and retail demand. Investors saw no listing gains per lot, as the debut reflected cautious sentiment despite Wakefit’s strong revenue growth and expansion plans in India’s home and furnishings market.