How to Check Wakefit Innovations IPO Allotment Status Set for Today on NSE and BSE?

Wakefit Innovations Ltd. is set to announce the allotment status of its Initial Public Offering (IPO) on December 11, after the close of the bidding process. The ₹1,288.9 crore Wakefit IPO was opened for subscription from December 8 to December 10. The IPO consisted of a fresh issue of 1.93 crore shares worth ₹377.18 crore, along with an offer for sale (OFS) of 4.68 crore shares amounting to ₹911.71 crore.

The price band for the issue was set at ₹185–₹195 per share, with a lot size of 76 shares. For retail applicants, the minimum investment stood at ₹14,820.

The company plans to use the IPO proceeds for setting up new stores, paying lease and licence fees for existing outlets, strengthening its marketing initiatives, and fulfilling general corporate requirements.

Wakefit IPO Saw Oversubscription of Over 2x

The mainboard IPO saw strong investor interest, achieving an overall subscription of 2.52 times by the final day of bidding on Wednesday.

According to NSE data, the Wakefit IPO drew bids for over 9.16 crore shares, significantly higher than the 3.63 crore shares available. The Qualified Institutional Buyers (QIBs) segment was subscribed 3.04 times, Non-Institutional Investors (NIIs) fully subscribed their quota, and the retail investor category witnessed a 3.17 times subscription.

Investors can verify their allotment status through the NSE and BSE websites or via the issue registrar, MUFG Intime India.

How to Check Wakefit IPO Allotment on BSE

• Visit the BSE allotment page: https://bseindia.com/investors/appli_check.aspx
• Choose ‘Equity’ under issue type
• Select ‘Wakefit Innovations Ltd’ from the issue name dropdown
• Enter your application number or PAN
• Click ‘Search’ to view your status

How to Check Allotment via MUFG Intime India

• Go to the registrar’s IPO page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Wakefit Innovations Ltd’ from the list
• Choose your preferred verification method: PAN, application number, DP/Client ID, or Account Number/IFSC
• Enter the required details
• Hit ‘Submit’ to access the allotment result

Allotment details can also be checked on the NSE platform using your PAN and application number.

Next Steps for Wakefit IPO

Post-allotment, the company will initiate refunds on December 12, while shares allotted to successful investors will be credited to their Demat accounts on the same day. Wakefit Innovations Ltd. is expected to debut on the NSE and BSE on December 15.

Also Read: Leap India, Technocraft Ventures, and 3 Other IPOs Receive Green Signal from SEBI

About Wakefit Innovations

Wakefit Innovations Ltd. is a prominent player in the home and sleep solutions industry. The company manufactures and sells a wide range of affordable products, including mattresses, pillows, sofas, beds, study tables, wardrobes, and other home furniture and décor items. It is known for offering value-focused solutions across the home furnishing category.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.