Wakefit shares bounce back to positive after weak debut

• Wakefit Innovations debuted on the stock market on December 15 with a ₹1,289-crore IPO, initially declining before rebounding to positive territory.
• The IPO was subscribed 2.52 times overall, with strong interest from retail (3.17x) and QIBs (3.04x).
• Analysts suggested risk-oriented investors could hold for the long term, while others might consider booking profits on listing gains.
• Proceeds from the fresh issue will fund 117 new stores, equipment, lease payments, and marketing efforts.
• Founded in 2016, Wakefit is a vertically integrated home and furnishings brand that crossed ₹1,000 crore in annual income by FY24.

Why It Matters: Wakefit's stock rebound after weak debut offers investment insights.