Peak XV Mints 9.5X Return, Cofounders Take Home INR 237 Cr

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SUMMARY

Peak XV Partners, which offloaded 2.04 Cr shares via the IPO, bagged 9.5X return at the upper end of the IPO price band of INR 185-195 per share

Cofounders Ankit Garg and Chaitanya Ramalingegowda together raked in INR 237 Cr through their share sale

Wakefit’s IPO comprised a fresh issue of INR 377.2 Cr and an offer for sale of up to 4.68 Cr shares

The cofounders and early investors of D2C mattress and furniture brand Wakefit, which is set to list on the exchanges on Monday (December 15), have raked in hefty returns…



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Peak XV Mints 9.5X Return, Cofounders Take Home INR 237 Cr


SUMMARY

Peak XV Partners, which offloaded 2.04 Cr shares via the IPO, bagged 9.5X return at the upper end of the IPO price band of INR 185-195 per share

Cofounders Ankit Garg and Chaitanya Ramalingegowda together raked in INR 237 Cr through their share sale

Wakefit’s IPO comprised a fresh issue of INR 377.2 Cr and an offer for sale of up to 4.68 Cr shares

The cofounders and early investors of D2C mattress and furniture brand Wakefit, which is set to list on the exchanges on Monday (December 15), have raked in hefty returns…



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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