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The allotment for the Wakefit Innovations IPO is likely to be finalised today, December 11, marking an important step for investors who subscribed to the issue. The public offer, which opened on December 8 and closed on December 10, saw modest interest across categories, and the shares are expected to list on Monday, December 15, on both the BSE and NSE.
Wakefit Innovations, a leading D2C home and sleep solutions brand, offered shares in the price band of Rs. 185-Rs. 195 per share.
The company raised approximately Rs. 1,288.89 crore, which included a fresh issue worth Rs. 377.18 crore and an offer-for-sale (OFS) component of Rs. 911.71 crore. The minimum retail investment required was Rs. 14,820 for a lot size of 76 shares.
According to stock exchange data, the IPO received 2.52 times overall subscription. The retail category was subscribed to 3.17 times, while qualified institutional buyers (QIBs) subscribed 3.04 times.
The non-institutional investors (NII) segment was more subdued with 1.05 times subscription. In total, the issue received bids for 91.67 million shares against the 36.35 million shares available.
Following finalisation of allotment, successful applicants will receive shares in their demat accounts, while refunds for unsuccessful bidders will be processed on December 12.
As per the market observers, the grey market premium (GMP) for Wakefit Innovations did not change and stayed at Rs. 0, meaning the estimated listing price is around Rs. 195, the same as the upper price limit of the band.
The low GMP is a sign of cautious market sentiment, despite the company’s strong brand presence and growth potential.
Investors can verify their allotment status through the BSE, NSE, or the IPO registrar MUFG Intime India by following simple online steps.
Visit the BSE allotment page: bseindia.com/investors/application_statuschecksystem.aspx
Select ‘Equity’ under Issue Type
Choose ‘Wakefit Innovations’ from the dropdown
Enter your PAN and Application Number
Complete the captcha and click Submit
Go to: in.mpms.mufg.com/Initial_Offer/public-issues.html
Choose ‘Wakefit Innovations’ from the company list
Enter PAN, Application Number, DP/Client ID, or other required details
Complete the verification and click Search
Your allotment status will then be displayed on screen.
Founded in 2016, Wakefit has grown from an online mattress seller into a comprehensive home solutions brand. Its portfolio now includes furniture, decor, and a wide range of sleep accessories.
The company operates largely through its digital-first model and is expanding its COCO (Company-Owned, Company-Operated) retail network using proceeds from the IPO.
