Wakefit raises Rs 580 crore through anchor portion

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Mattress and furniture maker Wakefit has raised Rs 580 crore through its anchor book, covering around 45% of the Rs 1,288-crore initial public offering (IPO). A total of 33 investors participated in the anchor round, including HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, Mirae Asset, Ashoka WhiteOak ICAV funds, Prudential Hong Kong, and Amundi Funds.

HDFC Mutual Fund led the anchor allocation with 7.8%, followed by Mirae Asset and HDFC Life Insurance, which secured 7.2% each. The company allotted about 29.74 million…



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Wakefit raises Rs 580 crore through anchor portion



Mattress and furniture maker Wakefit has raised Rs 580 crore through its anchor book, covering around 45% of the Rs 1,288-crore initial public offering (IPO). A total of 33 investors participated in the anchor round, including HDFC Mutual Fund, Axis Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, Mirae Asset, Ashoka WhiteOak ICAV funds, Prudential Hong Kong, and Amundi Funds.

HDFC Mutual Fund led the anchor allocation with 7.8%, followed by Mirae Asset and HDFC Life Insurance, which secured 7.2% each. The company allotted about 29.74 million…



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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