Wakefit IPO makes flat debut

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Bengaluru-based home and sleep solutions company Wakefit Innovations Ltd made a muted debut on the stock exchanges on Monday, with its shares listing flat to marginally below the IPO issue price, reflecting a lukewarm investor response.

On the National Stock Exchange (NSE), Wakefit shares debuted at Rs 195 apiece, exactly at the upper end of the IPO price band. Meanwhile, on the Bombay Stock Exchange (BSE), the stock opened at Rs 194.10, a discount of around 0.5% to the issue price.

The company witnessed a moderate response to its IPO, which was…



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Wakefit IPO makes flat debut


Bengaluru-based home and sleep solutions company Wakefit Innovations Ltd made a muted debut on the stock exchanges on Monday, with its shares listing flat to marginally below the IPO issue price, reflecting a lukewarm investor response.

On the National Stock Exchange (NSE), Wakefit shares debuted at Rs 195 apiece, exactly at the upper end of the IPO price band. Meanwhile, on the Bombay Stock Exchange (BSE), the stock opened at Rs 194.10, a discount of around 0.5% to the issue price.

The company witnessed a moderate response to its IPO, which 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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