On its second day, Wakefit Innovations Ltd's initial public offering witnessed moderate traction, clocking in a 39% subscription rate. The Rs 1,289-crore IPO attracted bids for 1,41,81,448 shares against a total of 3,63,53,276 available, as per data released by the National Stock Exchange (NSE).

Within the offering, shares allocated for retail individual investors were oversubscribed at 1.77 times, while non-institutional investors subscribed to 25% of their designated shares. Notably, qualified institutional buyers showed tepid interest, fetching bids for a mere 12,616 shares out of a possible 1,98,29,061.

The IPO comprises a fresh issue valued at Rs 377.18 crore, alongside an offer-for-sale (OFS) worth around Rs 912 crore. Prominent investors such as Steadview Capital and InfoEdge have

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