Wakefit Innovations shares fall 9% after disappointing market debut

• Wakefit Innovations' shares had a disappointing listing on December 15, opening flat and then falling by almost 9% on BSE and NSE.
• The shares listed at a slight discount on BSE (₹194.10) and at the IPO price on NSE (₹195), settling lower by 1-2%.
• The company's ₹1,288.89 crore IPO was subscribed 2.52 times and raised ₹580 crore from anchor investors.
• IPO funds will be used for 117 new COCO stores, new equipment, existing store lease payments, and marketing.
• Founded in 2016, Wakefit reported ₹724 crore revenue and ₹35.5 crore profit from operations for April-September 2025.

Why It Matters: Wakefit's IPO underperformance signals investment risks for new listings.