IPO-Bound Wakefit Nets INR 580 Cr From Anchor Investors

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SUMMARY

As many as 33 investors subscribed to 2.97 Cr equity shares of the company at a price of INR 195 apiece, the upper band of its IPO price band

Of the total, 1.6 Cr shares, or 54.3% of the total anchor round, were picked up by nine domestic mutual funds through 21 schemes

Wakefit’s IPO comprises a fresh issue of shares worth up to INR 377.2 Cr and an offer for sale (OFS) component of up to 4.68 Cr shares

Ahead of the commencement of the bidding for its public issue on…



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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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IPO-Bound Wakefit Nets INR 580 Cr From Anchor Investors


SUMMARY

As many as 33 investors subscribed to 2.97 Cr equity shares of the company at a price of INR 195 apiece, the upper band of its IPO price band

Of the total, 1.6 Cr shares, or 54.3% of the total anchor round, were picked up by nine domestic mutual funds through 21 schemes

Wakefit’s IPO comprises a fresh issue of shares worth up to INR 377.2 Cr and an offer for sale (OFS) component of up to 4.68 Cr shares

Ahead of the commencement of the bidding for its public issue on…



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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