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Wakefit IPO closes with 2.52x overall subscription

EntrackrEntrackr · 1m ago
Wakefit IPO closes with 2.52x overall subscription
Medial

Wakefit IPO closes with 2.52x overall subscription Home and sleep solutions brand Wakefit saw its IPO subscribed 2.52 times, with both QIB and retail portions receiving over 3 times bids. According to exchange data, retail investors led the demand with a 3.17x subscription, followed by Qualified Institutional Buyers (QIBs) at 3.04x, while Non-Institutional Investors (NIIs) subscribed 1.05x. The IPO was open for bidding from December 8 to 10 with a price band of Rs 185–195 per share. Share allotment is expected on December 11, and the company is scheduled to list on the BSE and NSE on December 15. According to its RHP, the company aims to raise Rs 377.2 crore through a fresh issue of shares, along with an offer for sale (OFS) of 4.68 crore equity shares worth Rs 911.7 crore. As part of the OFS, Peak XV will earn a 10x return on its investment, cashing out around Rs 397 crore. Ahead of the public subscription, the firm allotted 2.97 crore equity shares to anchor investors at Rs 195 each, raising Rs 580 crore from 33 anchors. The anchor book saw participation from HDFC MF, Axis MF, Mahindra MF, Edelweiss MF, Tata MF, and others. From the fresh proceeds, Wakefit plans to use the funds for store-related lease payments, marketing, setting up new COCO stores, and purchasing equipment. Wakefit posted operating revenue of Rs 724 crore and a net profit of Rs 35.57 crore in the first half of FY26. In FY25, its operating revenue grew nearly 30% to Rs 1,274 crore, though the company ended the year with a net loss of Rs 35 crore.

Wakefit IPO makes flat debut

EntrackrEntrackr · 27d ago
Wakefit IPO makes flat debut
Medial

Bengaluru-based home and sleep solutions company Wakefit Innovations Ltd made a muted debut on the stock exchanges on Monday, with its shares listing flat to marginally below the IPO issue price, reflecting a lukewarm investor response. On the National Stock Exchange (NSE), Wakefit shares debuted at Rs 195 apiece, exactly at the upper end of the IPO price band. Meanwhile, on the Bombay Stock Exchange (BSE), the stock opened at Rs 194.10, a discount of around 0.5% to the issue price. The company witnessed a moderate response to its IPO, which was subscribed to 2.52 times overall. Both Qualified Institutional Buyers (QIBs) and retail investors subscribed to their respective portions more than three times. According to exchange data, the retail segment led demand with a 3.17x subscription, followed by QIBs at 3.04x, while the Non-Institutional Investors (NIIs) portion was subscribed 1.05 times. The IPO was open for subscription from December 8 to December 10, with a price band of Rs 185–195 per share. The issue had a lot size of 76 shares, translating into a minimum investment of Rs 14,175. It comprised a fresh issue of Rs 377.18 crore and an offer for sale (OFS) worth Rs 911.71 crore by existing shareholders, including early investors and promoters. Ahead of the public issue, Wakefit raised nearly Rs 580 crore from anchor investors. The anchor book included institutional names such as HDFC Life Insurance, Bajaj Allianz Life, Prudential Hong Kong, and Amundi, among others, indicating institutional interest going into the IPO. Despite a reasonable subscription during the bidding period, the lack of a listing premium suggests investors remained cautious amid broader market volatility and a selective approach toward consumer internet listings. In terms of financials, Wakefit reported operating revenue of Rs 724 crore and a net profit of Rs 35.57 crore in the first half of FY26. For FY25, its operating revenue grew nearly 30% year-on-year to Rs 1,274 crore from Rs 986 crore in FY24, although the company ended the year with a net loss of Rs 35 crore. The flat listing highlights a growing trend where strong brand recall and anchor backing do not necessarily translate into listing gains in a valuation-sensitive market.

Groww raises Rs 2,984 Cr from anchor investors ahead of IPO

EntrackrEntrackr · 2m ago
Groww raises Rs 2,984 Cr from anchor investors ahead of IPO
Medial

News All Stories Groww raises Rs 2,984 Cr from anchor investors ahead of IPO Investment platform Groww, operated by Billionbrains Garage Ventures Ltd, has raised Rs 2,984.5 crore from anchor investors ahead of its initial public offering (IPO). Investment platform Groww, operated by Billionbrains Garage Ventures Ltd, has raised Rs 2,984.5 crore from anchor investors ahead of its initial public offering (IPO). The company’s IPO committee approved the allocation of 29.85 crore shares at Rs 100 per share, comprising a face value of Rs 2 and a premium of Rs 98, as per the company’s regulatory filing accessed from the stock exchange. According to the company’s filing, Groww attracted participation from a strong line-up of marquee investors, including HDFC Mutual Fund, Kotak Mutual Fund, SBI Mutual Fund, Nippon India, Axis Mutual Fund, and Aditya Birla Sun Life, among others. Global institutions such as the Government of Singapore, Monetary Authority of Singapore, Abu Dhabi Investment Authority, Goldman Sachs, New York State Teachers Retirement System, and Norway’s Government Pension Fund Global also came on board. Out of the total anchor allotment, around 46.6% (Rs 1,389.8 crore) was allocated to 17 domestic mutual funds spread across 54 schemes. The anchor allotment for Groww’s IPO will open for public subscription today and will close on November 7. The company has set a price band of Rs 95–100 per share. Backed by Peak XV Partners, Tiger Global, Ribbit Capital, and ICONIQ Growth, Groww’s public issue will include a fresh issue of shares worth Rs 1,060 crore and an offer for sale (OFS) of Rs 5,572.3 crore at the upper price band of Rs 100 per share, with early major investors participating in the OFS. According to Entrackr’s recent report, existing investors in Groww are set to pocket massive gains through the partial offer for sale. Kauffman Fellows Fund will clock an impressive 196X return, while Nirman Ventures and Y Combinator will reap 126.6X and 29X returns, respectively. Major backers such as Peak XV Partners, Tiger Global, and Ribbit Capital are also expected to book substantial profits from the IPO. The Bengaluru-based firm’s operating revenue surged nearly 50% year-on-year to Rs 3,902 crore in FY25, while its profit soared to Rs 1,824 crore during the same period. However, in Q1 FY26, Groww’s revenue declined nearly 10% YoY to Rs 904.4 crore, with the company posting a profit of Rs 378.36 crore.

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