Wakefit Files Draft Papers For INR 468 Cr IPO

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SUMMARY

The company is looking to raise INR 468 Cr via fresh issue of shares

The IPO will also comprise of an OFS of up to 5.8 Cr

Wakefit’s promoters, along with its investors including Peak XV, Redwood Trust, Verlinvest among others, are going to offload shares

D2C furniture and mattress startup Wakefit has filed its draft red herring prospectus (DRHP) with the markets regulator SEBI to raise INR 468 Cr (around $54.6 Mn) via fresh issue of shares.

The initial public offering (IPO) will also comprise an offer for sale…



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Wakefit Files Draft Papers For INR 468 Cr IPO


SUMMARY

The company is looking to raise INR 468 Cr via fresh issue of shares

The IPO will also comprise of an OFS of up to 5.8 Cr

Wakefit’s promoters, along with its investors including Peak XV, Redwood Trust, Verlinvest among others, are going to offload shares

D2C furniture and mattress startup Wakefit has filed its draft red herring prospectus (DRHP) with the markets regulator SEBI to raise INR 468 Cr (around $54.6 Mn) via fresh issue of shares.

The initial public offering (IPO) will also comprise an offer for sale…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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