Wakefit Innovations is likely to finalize the basis of allotment of its shares on Thursday, December 11. Applicant bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate by Friday or latest over the weekend. The direct-to-consumer (D2C) home and sleep solutions player saw a muted response from the investors. Advertisement

The IPO of Wakefit Innovations was open for bidding between December 08 and December 10. It had offered its shares in the price band of Rs 185-195 per share with a lot size of 76 shares. The company raised a total of Rs 1,288.89 crore via IPO, which included a fresh shares sale of Rs 377.18 crore and offer-for-sale (OFS) up to 4,67,54,405 shares worth 911.71 crore.

The issue was overall subscribed a total of only 2.

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