Wakefit Solutions IPO Lists Today; GMP Suggests 3.6% Gain

• Wakefit Solutions IPO is set to list on BSE and NSE today, December 15.
• The IPO's Grey Market Premium (GMP) is ₹7, with an estimated listing price of ₹202, 3.6% above the upper price band of ₹195.
• The IPO was subscribed 2.52 times overall, with retail investors subscribing 3.17 times and QIBs 3.04 times.
• The company raised ₹1288.89 crore through the IPO, comprising a ₹377.18 crore fresh issue and a ₹911.71 crore Offer For Sale (OFS).
• Funds from the fresh issue will be used for opening 117 new stores, covering lease/rent expenses, purchasing machinery, and marketing.

Why It Matters: Wakefit Solutions IPO listing today signals potential investor returns from grey market trends.