Wakefit Innovations Shares Slip in Muted Market Debut

• Wakefit Innovations Ltd made a muted market debut on Monday, December 15.
• Shares listed at Rs 194.10 on BSE (down 0.46% from Rs 195 issue price) and at Rs 195 on NSE.
• The company's market valuation stood at Rs 6,146.01 crore after listing.
• Wakefit's Rs 1,289-crore IPO was subscribed over 2 times, with a price band of Rs 185-195 per share.
• Proceeds from the fresh issue will fund new stores, equipment, lease payments, and marketing.

Why It Matters: It reveals the initial market reception for Wakefit Innovations' IPO.