Wakefit IPO Day 3: Last Chance to Apply as Subscription Hits 1.96x
Wakefit Innovations IPO enters final day. Total subscription 1.96x, retail hits 2.75x, GMP Rs 36. Check details, expert review, and investment outlook.
image for illustrative purpose
The IPO of Wakefit Innovations Limited has reached its last day of subscription today on Wednesday, thus giving the investors one more chance to become a part of the big public offering of ₹1,288.89 crores. The issue was launched on December 8 and it consists of a combination of new shares and an offer for sale (OFS) which is intended to list on both BSE and NSE.
The public issue is targeting to bring in Rs 1,288.89 crore in total where Rs 377.18 crore will be the part of the newly issued shares and the remaining Rs 911.71 crore will be by way of OFS. Caution amongst the investors was reflected in the fact that at the end of the two days of bidding, the issue had got 39% subscribed.
As per the market observers, the Wakefit shares are available for trading at a grey market premium (GMP) of Rs 36, which is the same level as on Tuesday. The gray market is expected to witness a correction if the overall market situation stays dire, which in turn could impact the last subscription momentum.
Towards the end of the third day, the IPO recorded a total subscription of 1.96 times. The retail segment experienced strong demand, getting 2.75 times subscribed, while the non-institutional investor (NII) part was behind at 0.82 times. The QIBs group availed of 2.27 times of their allotted quota.
The Head of Research at Lakshmishree, Anshul Jain, has put forward a “SUBSCRIBE” rating for long-term investors. He pointed out that the new money knocking at the company's door would be used to increase Wakefit's retail presence, support capital expenditures, and enhance brand recognition. The OFS comprises 70% of the total issue, mainly from promoters and early investors. “Wakefit's share of online mattress sales coupled with its integrated supply chain and the smart retail expansion would be the powerful factor for driving demand,” Jain conclued.
BP Equities reiterated the bullish position, assessing the firm's worth at a P/S ratio of 5.5x at the maximum price level of ₹195 considering FY25 sales. The analysts pointed out Wakefit's rapidly expanding business, cutting of the cost, and the rise of the entire sector as reasons for supporting the IPO, thus recommending it for a range of investment from medium to long-term.
Moreover, other brokerage houses like Kunvarji Finstock, Bajaj Financial Securities, Indsec Securities, KR Choksey, and Systematix Shares & Stocks have similarly classified the IPO as a “subscribe” opportunity.
Important Dates
IPO Opening: December 8, 2025
IPO Closing: December 10, 2025
Price Range: ₹[insert range if available]
With the last day of the offering being completed, the investors are focusing on the numbers of subscriptions as well as the trend of the grey market premium, which may reflect the demand even before the stock is listed on the exchanges.
