The shares of Wakefit Solutions made a quiet debut in the stock market on Monday, December 15. The company's shares were listed at ₹195, which is the same as the initial public offering (IPO) price.
This means that investors who bought shares during the IPO did not make any profit on the first day of trading.
The IPO saw a moderate level of interest from investors, with a total subscription of 2.52 times. Retail investors were the most interested, subscribing 3.17 times their allocated shares. Institutional buyers also showed significant interest, with 3.04 times subscription.
The company raised a total of ₹1,288.89 crore through the IPO, with ₹377.18 crore coming from new shares and ₹911.71 crore from existing shares.
The funds raised from the IPO will be used for various purposes, including:
The IPO was available for subscription from December 8 to December 10, with a price range of ₹185-₹195 per share.
Ahead of the IPO, Wakefit had secured ₹580 crore from anchor investors, which helped boost confidence in the offering.
Please note that this article is for educational purposes only. It is recommended to consult with an investment advisor before making any investment decisions.
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