Wakefit Innovations IPO allotment: Check status online on MUFG Intime India, NSE, BSE; listing date, time revealed

Wakefit Innovations IPO allotment: The basis of allotment of Wakefit Innovations Limited, a home and furnishings company, will be finalised on Thursday, December 11. The details will be out on the websites of the registrar, MUFG Intime India, the NSE and the BSE.

The IPO, with a price band of ₹185 to ₹195 per share, was subscribed 2.52 times, with bids for 9,16,72,720 equity shares compared to 3,63,53,276 shares on offer, according to the NSE data.

The ₹1,288.89 crore IPO comprised a fresh issue of shares valued at ₹377.18 crore and an offer for sale (OFS) component of 4,67,54,405 shares worth ₹911.71 crore.

Under the OFS, promoters Ankit Garg and Chaitanya Ramalingegowda are divesting their shares. Other selling shareholders, Redwood Trust, Nitika Goel, Verlinvest SA, Paramark KB Fund I, SAI Global India Fund I LLP and Peak XV Partners Investments VI are also selling their stake.

The fresh issue proceeds will be used for the following objectives:

Wakefit Innovations is the largest D2C (direct-to-customer) home and furnishing company in India in terms of revenue in Fiscal 2024, according to the Redseer Report. The company's products include mattresses, beds, sofas, recliners, cribs, shelves, towels, mats, rugs, beanbags, kitchenware, mirrors and home décor, among others.

Wakefit Innovations IPO: Allotment date and time

Wakefit Innovations IPO allotment status is likely to be finalised on Thursday, December 11, by late evening.

How to check Wakefit Innovations IPO allotment status online on MUFG Intime India

• Open this link on your browser: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Pick ‘Wakefit Innovations Limited’ from the public offer names
• Fill in either your PAN, DP/Client ID, Application No or Account No/IFSC
• Click on the ‘Submit’ button

Wakefit Innovations IPO allotment status online on NSE; step-by-step guide

• Go to the bid verification page of NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Click on ‘Equity & SME IPO bid details’
• From the 'Select Symbol' dropdown, pick ‘WAKEFIT’
• Mention your application number and PAN details
• Hit the 'Submit' button

Steps to check Wakefit Innovations IPO allotment status online on BSE

• Open the IPO status page on the BSE website: https://bseindia.com/investors/appli_check.aspx
• The issue type should be kept as ‘Equity’
• Select 'Wakefit Innovations Ltd' from the list of public offers
• Enter your IPO application number and PAN
• Press the 'Search' button

Wakefit Innovations IPO listing date and time

Shares of Wakefit Innovations Ltd will start trading on the NSE and the BSE on Monday, December 15, at 10 am.

Wakefit Innovations IPO GMP

According to investorgain.com and media reports, Wakefit Innovations' unlisted shares are trading at par with the upper price band of ₹195, reflecting a grey market premium (GMP) of 0%.