Wakefit’s shares listed at INR 194.10 on the BSE against the issue price of INR 195
The company’s IPO comprised a fresh issue of equity shares worth INR 377.2 Cr along with an offer for sale component of 4.68 Cr shares
The public issue closed with oversubscription of 2.5X. The public issue received bids for 9.16 Cr shares against 3.64 Cr shares reserved
Wakefit’s shares made a muted debut on the bourse today, listing at INR 194.10 on the BSE against the issue price of INR 195.
On the NSE, the shares of the D2C mattress and furniture company got listed flat at INR 195 apiece.
The company’s IPO comprised a fresh issue of equity shares worth INR 377.2 Cr along with an offer for sale component of 4.68 Cr shares. The price band for the IPO was INR 185-195.
The public issue closed with oversubscription of 2.5X.
Peak XV Partners, Verlinvest S.A, and South Korean VC firm Paramark were among the investors who sold shares via the OFS, along with the cofounders. While Peak XV minted 9.5X return on its investment, cofounders Ankit Garg and Chaitanya Ramalingegowda together raked in INR 237 Cr from their share sale.
(The story will be updated soon)
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