Wakefit files DRHP for IPO; to raise Rs 468 crore via fresh issue

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Synopsis

Wakefit’s investors, including founders Chaitanya Ramalingegowda and Ankit Garg, will sell a total of 58.4 million shares via the offer-for-sale component.

Image for Wakefit files DRHP for IPO; to raise Rs 468 crore via fresh issueETtech
Chaitanya Ramalingegowda, cofounder, Wakefit
Mattress and furniture maker Wakefit has filed the draft red herring prospectus (DRHP) for its initial public offering (IPO) to raise Rs 468 crore in fresh issue. The company’s investors, including founders Chaitanya Ramalingegowda and Ankit Garg, will sell a total of 58.4 million shares via the offer-for-sale component.

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Wakefit files DRHP for IPO; to raise Rs 468 crore via fresh issue


Synopsis

Wakefit’s investors, including founders Chaitanya Ramalingegowda and Ankit Garg, will sell a total of 58.4 million shares via the offer-for-sale component.

Image for Wakefit files DRHP for IPO; to raise Rs 468 crore via fresh issueETtech
Chaitanya Ramalingegowda, cofounder, Wakefit
Mattress and furniture maker Wakefit has filed the draft red herring prospectus (DRHP) for its initial public offering (IPO) to raise Rs 468 crore in fresh issue. The company’s investors, including founders Chaitanya Ramalingegowda and Ankit Garg, will sell a total of 58.4 million shares via the offer-for-sale component.

Among institutional…



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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