Overview
- Shares listed at Rs 195 on the NSE and Rs 194.10 on the BSE, hit an intraday low of Rs 177.25, and closed near Rs 192.3, down about 1.4% from the issue price.
- The Rs 1,288.89 crore IPO comprised a Rs 377.18 crore fresh issue and a Rs 911.71 crore offer for sale, priced in a Rs 185–195 band with a lot size of 76 shares.
- Overall subscription was 2.52 times, with retail at 3.17 times, qualified institutional buyers at 3.04 times, and non-institutional investors at 1.05 times.
- Fresh proceeds are earmarked for opening 117 new stores, meeting lease and rental obligations, purchasing equipment, marketing, and general corporate purposes.
- Wakefit reported a FY25 net loss of Rs 35 crore despite roughly 28–29% revenue growth, and some brokerages questioned valuation metrics, with one citing an EV/EBITDA near 108x and negative return on net worth.