Wakefit Innovations IPO Listing: Wakefit Innovations saw a drowsy debut on the D-Street on December 15, with its shares listing flat near the issue price. On the NSE, the stock opened at Rs 195 apiece, same as the upper end of the issue price, and on the BSE, it started trading at Rs 194.10 per share, down by Rs 0.90, or 0.46 per cent.
The home and sleep solutions company offered its shares with a price band of Rs 185 to Rs 195 per share. It raised Rs 1,288.89 crore through the IPO, which was a combination of 19.34 million fresh equity shares worth Rs 377.18 crore and 46.75 million offer-for-sale component aggregating to Rs 911.71 crore. The Wakefit Innovations IPO was available for bidding from December 8 to December 10.
Ahead of the listing, Wakefit innovations' shares traded at a grey market premium (GMP) of Rs 4 per share in the unlisted market, indicating a listing gain of 2.05 per cent, according to websites that track such trades.
Wakefit Innovations IPO Subscription Details
Wakefit Innovations IPO garnered an overall subscription of 2.52 times, with investors bidding for 91.67 million equity shares against 36.35 million shares on offer.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 3.04 times, as bids were received for 60.24 million shares against an allocation of 19.83 million shares. Non-institutional investors (NIIs) subscribed their segment 1.05 times, placing bids for 10.45 million shares against 9.91 million shares reserved for them.
Retail investors showed strong interest in the issue, subscribing their quota 3.17 times, with bids for 10.97 million shares against 6.61 million shares reserved for them.
Wakefit Innovations IPO Anchor Investors List
Ahead of the opening of the subscription window, Wakefit Innovations raised Rs 580 crore from institutional investors in the anchor round on December 8. The mattress maker allocated 29.74 million equity shares at Rs 195 per share, which is also the upper end of the IPO price band.
Of the total anchor allocation, nine domestic mutual fund houses invested through 21 schemes. These mutual funds were allotted 16.15 million shares, representing about 54.30 per cent of the total shares allocated to anchor investors.
Among the marquee mutual fund investors were HDFC Childrens Fund, which acquired 7.8 per cent of the total anchor allocation, investing about Rs 45.47 crore, followed by Mirae Asset Midcap Fund, which bought 7.2 per cent, investing around Rs 42 crore. Tata ELSS Fund and Nippon India Consumption Fund were also among the big investors, investing Rs 30 crore and Rs 25 crore, respectively.
