What is the Wakefit IPO grey market premium (GMP)?

The grey market premium for Wakefit shares was around 18.46% ahead of the IPO, indicating a positive market sentiment for its listing.

When is the Wakefit IPO subscription closing date?

The Wakefit Innovations IPO subscription will close on December 10.

Is Wakefit IPO a good long-term investment?

Analysts suggest Wakefit may be a good long-term investment due to its growth potential in the Indian home furnishings market, rather than for a quick listing gain.

Home / Business and Economy / Wakefit IPO Grey Market Premium Hints at Promising Debut

Wakefit IPO Grey Market Premium Hints at Promising Debut

9 Dec

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Summary

Wakefit's IPO aims to raise Rs 1,289 crore with shares priced Rs 185-195.
The IPO opened on December 8 and closes on December 10.
Analysts suggest a long-term investment thesis over short-term gains.

Wakefit IPO Grey Market Premium Hints at Promising Debut

Wakefit Innovations' Initial Public Offering (IPO) commenced on December 8, aiming to raise Rs 1,289 crore. The company, known for its mattresses and furniture, has set its price band between Rs 185-195 per share. The subscription period will remain open until December 10, with expected allotment finalization by December 11 and listing on December 15.

The IPO comprises a fresh issue of Rs 377 crore and an offer for sale valued at Rs 912 crore. Grey market indicators show an 18.46 percent premium, suggesting a potentially strong listing. However, analysts advise that the company's strategic position in India's expanding home and furnishings sector makes it a more attractive long-term investment play.

With India's home and furnishings market projected to grow significantly by 2030, Wakefit is well-positioned due to its omnichannel model. While expanding physical stores introduces operational risks, the company's increasing earning power and robust engagement make it appealing for investors focused on consumption growth.