Wakefit Innovations IPO Opens: ₹195 Price Band, 18% GMP

• Wakefit Innovations Limited's ₹1,288.89 crore IPO opens today, offering furniture and home decor products.
• The IPO's price band is set at ₹185-₹195 per share, with a minimum retail investment of ₹14,820.
• The issue includes a fresh issue of 19.3 million shares and an offer for sale of 46.8 million shares.
• Unlisted shares are trading at an 18% premium (₹36 GMP) in the gray market, suggesting a potential listing at ₹231.
• 10% of the IPO is reserved for retail investors, 75% for Qualified Institutional Buyers (QIBs), and 15% for non-institutional investors.

Why It Matters: This IPO offers investors a new opportunity for potential gains.