Wakefit IPO details. (Image Source: Company website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Wakefit Innovation Ltd.'s initial public offer opened for subscription on Monday and was subscribed 0.10 times as of 12:54 p.m. The IPO will close on Wednesday.

The Rs 1,289-crore IPO comprises a fresh issue of equity shares worth up to Rs 377.18 crore and an offer for sale of 4,67,54,405 shares, valued at around Rs 912 crore.

The company has fixed a price band of Rs 185 to Rs 195 per share, valuing the Bengaluru-based firm at nearly Rs 6,400 crore. The lot size for the initial public offer is Rs 76, which means that retail investors require a minimum investment of Rs 14,820 crore. The lot size investment requirement for Non-Institutional Investors is 14 or 1,065 shares,

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