Elevation Capital Buys 2.03 Lakh Shares Of Wakefit Ahead Of IPO

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SUMMARY

As per Wakefit’s DRHP, the 2,03,426 shares were acquired at INR 1,600 each, translating into a total sum of INR 32.54 Cr

The D2C brand also allotted more than 26 Lakh shares to cofounders Garg and Ramalingegowda in May this year

Wakefit has filed the DRHP with SEBI for its IPO, which will comprise a fresh issue of shares worth up to INR 468 Cr and an OFS of up to 5.8 Cr equity shares

VC firm Elevation Capital purchased more than 2.03 Lakh shares of IPO-bound portfolio startup Wakefit from the D2C brand’s…



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Elevation Capital Buys 2.03 Lakh Shares Of Wakefit Ahead Of IPO


SUMMARY

As per Wakefit’s DRHP, the 2,03,426 shares were acquired at INR 1,600 each, translating into a total sum of INR 32.54 Cr

The D2C brand also allotted more than 26 Lakh shares to cofounders Garg and Ramalingegowda in May this year

Wakefit has filed the DRHP with SEBI for its IPO, which will comprise a fresh issue of shares worth up to INR 468 Cr and an OFS of up to 5.8 Cr equity shares

VC firm Elevation Capital purchased more than 2.03 Lakh shares of IPO-bound portfolio startup Wakefit from the D2C brand’s…



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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