Wakefit Innovations makes flat D-Street debut; misses IPO GMP estimates

Wakefit Innovations shares began trading at ₹195 per share on the NSE, the same as the IPO issue price, while on the BSE they opened at ₹194.10 per share, down 0.46 per cent from the issue price

Wakefit Innovations share price: Home and sleep solutions provider Wakefit Innovations made a tepid debut on the bourses on December 15, following the completion of its initial public offering (IPO) through which it raised ₹1,288.89 crore.

 

The Wakefit Innovations shares began trading on the NSE at ₹195 per share, the same as the IPO issue price. On the BSE, Wakefit Innovations shares opened at ₹194.10 per share, down 0.46 per cent from the issue price.

 

Wakefit Innovations IPO listing came slightly below grey market expectations. Ahead of the D-Street debut, the company’s unlisted shares were quoted at ₹199 per share. This translates to a grey market premium of ₹4 per share, or 2.05 per cent, over the IPO issue price.  CHECK PARK MEDI WORLD IPO ALLOTMENT TODAY

Wakefit Innovations IPO details

Wakefit Innovations IPO comprised a fresh issue of 19.3 million equity shares, raising ₹377.18 crore, and an offer for sale (OFS) of 46.8 million equity shares, amounting to ₹911.71 crore. The shares were offered at a price band of ₹185–195 per share, with a lot size of 76 shares per application. The issue was open from December 8 to December 10, 2025.

 

The public offering received a decent response from investors, with an overall subscription of around 2.52 times, according to NSE data. The basis of allotment was finalised on December 11. The company fixed the issue price at ₹195 per share.

 

As per the Red Herring Prospectus (RHP), the company will not receive any proceeds from the OFS, which will be given to the selling promoters and shareholders.  CHECK NEPHROCARE HEALTH IPO ALLOTMENT TODAY  Wakefit Innovations, however, intends to utilise ₹30.8 crore from the net fresh issue proceeds for setting up 117 new COCO – regular stores, and ₹161.5 crore for lease, sub-lease rent, and license fee payments for existing COCO – regular stores. Additionally, ₹15.4 crore, the company said, will be used for the purchase of new equipment and machinery, and ₹108.4 crore for marketing and advertisement expenses. The remaining funds will be used for general corporate purposes, according to RHP.

 

MUFG Intime India served as the registrar for the issue, while Axis Capital, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) acted as book-running lead managers.