Wakefit Innovations Shares List Flat on NSE and BSE

Wakefit Innovations, a D2C home and sleep solutions company, made a flat debut on the stock exchanges on 15 December.

Wakefit Innovations shares listed at ₹195 on the NSE and ₹194.1 on the BSE, close to the IPO price of ₹195.

The ₹1,288.89 crore IPO included a fresh issue and an offer-for-sale, with proceeds earmarked for capital expenditure, marketing, and general corporate purposes.

Wakefit Innovations IPO Overview

Wakefit Innovations raised ₹1,288.89 crore through a book-built IPO, comprising a fresh issue of 1.93 crore shares worth ₹377.18 crore and an offer-for-sale of 4.68 crore shares totalling ₹911.71 crore.

The price band for the IPO was set between ₹185 and ₹195 per share, with the subscription window open from 8 to 10 December and allotment finalised on 11 December.

Listing Performance

The company debuted at ₹195 per share on the NSE, in line with the IPO price, while shares on the BSE listed at ₹194.1, slightly below the issue price. This flat listing indicates moderate initial investor demand, with neither a significant premium nor discount at the time of listing.

Company Background

Wakefit Innovations operates in the direct-to-consumer (D2C) space, offering mattresses, furniture, and home décor products.

The company focuses on online sales channels, leveraging its e-commerce platform and retail presence to reach customers across India.

Use of IPO Proceeds

Proceeds from the IPO are planned to support capital expenditure, marketing and advertising initiatives, and general corporate purposes, helping the company expand operations and strengthen its market presence.

Read More: Upcoming IPOs This Week (Dec 15- Dec 19): KSH International Mainboard Issue, 4 SME IPOs Lined Up.

Conclusion

Wakefit Innovations’ flat listing reflects cautious investor sentiment, balancing revenue growth with ongoing losses. The company aims to use the IPO funds to support expansion and operational objectives while gradually establishing its presence in the Indian D2C home and sleep solutions market.

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