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Wakefit IPO wraps up with strong retail buzz
Business
Wakefit, known for its home and sleep solutions, just closed its IPO and saw 2.5 times more demand than available shares.
Retail investors really led the charge, subscribing over three times their allotted quota.
The IPO ran from December 8 to 10, with shares priced at ₹185-195 each—one lot cost ₹14,175 for 76 shares.
What's next for Wakefit?
The company is set to raise over ₹1,000 crore through this move—₹377 crore from fresh shares and the rest from existing shareholders selling part of their stake.
The funds will help Wakefit open new stores, boost marketing, and cover lease payments.
Shares will hit BSE and NSE on December 15.