Wakefit IPO 15% Subscribed, GMP Falls. Experts See Long-Term Growth.

• Wakefit IPO subscribed 15% on Day 1, with retail investors booking 73% of their portion.
• The Grey Market Premium (GMP) for Wakefit IPO shares tumbled to 2.56% from 18.46% the previous day.
• The IPO aims to raise Rs 1,289 crore, with a price band of Rs 185-195 per share, and is open from December 8-10.
• Experts suggest considering the IPO for long-term investment due to Wakefit's position in India's growing home and furnishings market.
• Analysts caution about operational risks with expanding omnichannel presence and note the valuation is higher than peers, emphasizing execution post-listing.

Why It Matters: This helps investors evaluate Wakefit IPO's potential for long-term growth.