Wakefit Innovations Limited will launch its initial public offering on December 8, closing on December 10, with a price band of ₹185–₹195 per share. Anchor Investor bidding will take place on December 5.
The IPO consists of a fresh issue of ₹3,771.78 million and an OFS of 46,754,405 shares from promoters and institutional shareholders. Promoters Ankit Garg and Chaitanya Ramalingegowda will sell a combined over 12 million shares. Major investors including Peak XV Partners, Verlinvest, and SAI Global India Fund will also participate in the sale.
Under the Book Building Process, 75% of the issue is earmarked for QIBs, 15% for NIBs, and 10% for retail investors. Bidding opens at 76 shares per lot.
The equity shares will be listed on BSE and NSE. Axis Capital, IIFL Capital Services and Nomura are managing the offering.
