Wakefit's Rs 1,300-crore IPO to open on December 8

MUMBAI: The ₹1,300 crore IPO of Wakefit Innovations, the D2C home and furnishings company, will open for subscription on December 8 and close on December 10, Our Bureau reports. The price band of the IPO has been set at ₹185-195 per share.

The IPO comprises a fresh issue of equity shares aggregating up to ₹377 crore and an OFS of 4.67 crore shares by existing investors. Axis Capital, IIFL Capital Services, and Nomura Financial Advisory are the book-running lead managers to the issue.