Wakefit Innovations IPO: Rs 580 Cr anchor book, Rs 1,289 Cr public issue opens Dec 8

• Wakefit Innovations raised Rs 580 crore from 33 institutional investors via anchor book ahead of its IPO.
• The Rs 1,289-crore IPO opens December 8-10, with a price band of Rs 185-195 per share.
• The IPO comprises a Rs 377.2 crore fresh issue and a Rs 911.7 crore offer-for-sale by promoters and investors.
• Fresh issue proceeds will fund 117 new stores, lease payments, equipment, and marketing expenses.
• Major anchor investors included HDFC MF, Axis MF, Nippon Life India, Prudential Hong Kong, and Steadview Capital.

Why It Matters: Wakefit Innovations' IPO indicates strong market interest in home furnishings.