Issue Subscribed 10% On Day 1 So Far 

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The IPO of D2C mattress company Wakefit got off to a steady start and was subscribed 10% till 12:10 IST on the first day of bidding. The issue received bids for 35.18 Lakh shares against 3.63 Cr shares on offer.

The portion reserved for retail investors was subscribed 47%, getting bids for 31.34 Lakh shares against 66.09 Lakh shares reserved for them. Of this, bids worth 27.49 Lakh shares were placed at cut off, while bids for 3.85 Lakh shares came at a fixed price within the price band. 

Non-institutional investors’ (NIIs) category was…



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Issue Subscribed 10% On Day 1 So Far 


The IPO of D2C mattress company Wakefit got off to a steady start and was subscribed 10% till 12:10 IST on the first day of bidding. The issue received bids for 35.18 Lakh shares against 3.63 Cr shares on offer.

The portion reserved for retail investors was subscribed 47%, getting bids for 31.34 Lakh shares against 66.09 Lakh shares reserved for them. Of this, bids worth 27.49 Lakh shares were placed at cut off, while bids for 3.85 Lakh shares came at a fixed price within the price band. 

Non-institutional investors’ (NIIs) category was…



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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