Wakefit IPO lists flat at Rs 195; analysts advise profit booking

• Wakefit Innovations shares listed flat at Rs 195 on NSE, matching its IPO price, after being over 2 times subscribed.
• The Rs 1,289-crore IPO had a price band of Rs 185-195 per share; shares listed at Rs 194.10 on BSE, a 0.46% discount.
• Analysts suggest a neutral view, advising monitoring after listing and booking profits if there are any listing gains due to high valuation metrics.
• IPO proceeds will fund 117 new stores, equipment, lease payments for existing stores, and marketing/advertising expenses.
• Wakefit, established in 2016, is a fast-growing home and furnishings company, achieving over Rs 1,000 crore in total income by March 2024.

Why It Matters: Wakefit's IPO performance guides investor choices on its stock.