Wakefit's Rs 1,289-cr IPO subscribed over 2 times on final day

• Wakefit Innovations Ltd's Rs 1,289-crore IPO was subscribed over 2 times on its final day.
• The IPO received bids for 9,16,72,720 shares against 3,63,53,276 shares on offer.
• Retail individual investors (RIIs) subscribed 3.17 times, Qualified Institutional Buyers (QIBs) 3.04 times, and Non Institutional Investors (NIIs) 1.05 times.
• The IPO comprises a fresh issue of Rs 377.18 crore and an Offer For Sale (OFS) of Rs 912 crore.
• Proceeds from the fresh issue will fund new stores, equipment, rent, and marketing expenses.

Why It Matters: Wakefit's oversubscribed IPO signals strong investor confidence in the home furnishings market.