Wakefit secures Rs 580 Cr from anchor investors

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Wakefit, the home and sleep solutions brand, has secured Rs 580 crore from 33 anchor investors at the upper price band of Rs 195 per share, ahead of its IPO opening on December 8.

According to the company’s stock exchange filing, it allotted 29,743,590 equity shares to anchor investors at Rs 195 apiece to raise the stated amount. Out of the total anchor portion, 1.61 crore shares (54.3%) were allotted to nine domestic mutual funds across 21 schemes, raising Rs 315 crore.

Key anchor investors include HDFC MF, Axis MF, Mahindra MF, Edelweiss MF and…



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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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Wakefit secures Rs 580 Cr from anchor investors


Wakefit, the home and sleep solutions brand, has secured Rs 580 crore from 33 anchor investors at the upper price band of Rs 195 per share, ahead of its IPO opening on December 8.

According to the company’s stock exchange filing, it allotted 29,743,590 equity shares to anchor investors at Rs 195 apiece to raise the stated amount. Out of the total anchor portion, 1.61 crore shares (54.3%) were allotted to nine domestic mutual funds across 21 schemes, raising Rs 315 crore.

Key anchor investors include HDFC MF, Axis MF, Mahindra MF, Edelweiss MF and…



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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