Wakefit IPO closes with 2.52x overall subscription

Home and sleep solutions brand Wakefit saw a moderate response to its IPO, which was subscribed just 2.52 times, with both QIB and retail portions receiving over 3 times bids.

According to exchange data, retail investors led the demand with a 3.17x subscription, followed by Qualified Institutional Buyers (QIBs) at 3.04x, while Non-Institutional Investors (NIIs) subscribed just 1.05x.

The IPO was open for bidding from December 8 to 10 with a price band of Rs 185–195 per share with a share lot of 76 and a minimum investment of Rs 14,175. Share…