Wakefit IPO values company at Rs 6,373 crore, to unlock major gains for founders, investors

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Mattress and furniture maker Wakefit has set a price band of Rs 185-195 per share for its upcoming initial public offering (IPO), valuing the company at Rs 6,373 crore. The IPO is expected to generate significant paper gains for its promoters and investors, including Peak XV Partners.

Wakefit’s cofounders and promoters Ankit Garg and Chaitanya Ramalingegowda own 33.03% and 9.98% of the company, respectively, with their stakes valued at Rs 2,012 crore and Rs 608 crore.

Garg stands to collect around Rs 151 crore and Ramalingegowda about Rs 87 crore…



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Wakefit IPO values company at Rs 6,373 crore, to unlock major gains for founders, investors



Mattress and furniture maker Wakefit has set a price band of Rs 185-195 per share for its upcoming initial public offering (IPO), valuing the company at Rs 6,373 crore. The IPO is expected to generate significant paper gains for its promoters and investors, including Peak XV Partners.

Wakefit’s cofounders and promoters Ankit Garg and Chaitanya Ramalingegowda own 33.03% and 9.98% of the company, respectively, with their stakes valued at Rs 2,012 crore and Rs 608 crore.

Garg stands to collect around Rs 151 crore and Ramalingegowda about Rs 87 crore…



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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