Wakefit IPO subscribed 2.52 times on final day, retail & QIBs lead bidding

• Wakefit IPO subscribed 2.52 times on its final bidding day, with retail investors leading at 3.17 times and QIBs at 3.04 times.
• The Rs 1,289-crore initial share sale received bids for 9.16 crore shares against 3.63 crore shares on offer.
• The company previously raised Rs 580 crore from anchor investors.
• Proceeds from the fresh issue will fund 117 new stores, equipment, lease payments for existing stores, and marketing expenses.
• Wakefit IPO share allotment is expected by December 11, with listing proposed for December 15.

Why It Matters: Wakefit IPO's strong demand and GMP suggest potential for good returns for investors.