Wakefit Innovations IPO: Low subscription, GMP drops to ₹5; Only 2 days left.

• Wakefit Innovations IPO received low subscription (16% on day 1) and its Gray Market Premium (GMP) dropped from ₹36 to ₹5.
• The IPO is open for investment until December 10th.
• Retail investors subscribed 0.77 times, while QIB and NII categories saw very low subscriptions.
• The price band is ₹185-₹195 per share, with a minimum investment of ₹14,820 for one lot (76 shares).
• The total IPO size is ₹1,288.89 crore, including a fresh issue and an Offer for Sale.

Why It Matters: Wakefit Innovations IPO's struggles suggest caution for potential investors.