Wakefit Innovations Debuts Flat at ₹195: Steady IPO Entry Amid Market Caution

At 9:46 AM IST on December 15, 2025, Wakefit's shares traded steady in pre-open at the ₹195 IPO price, signaling no premium or discount at open. The ₹1,024 crore fresh issue (no OFS) priced at ₹185-195 closed oversubscribed, drawing retail and HNIs amid Nifty's 0.45% pre-open dip and Rupee weakness past 90.55.

Key Highlights

Flat Pre-Open: ₹195 level holds firm, avoiding volatility seen in recent listings like Nephrocare (3.5% GMP).

IPO Strength: Strong subscription from retail (2x+) and QIBs; funds expand manufacturing in Bengaluru for mattresses/beds.

Market Context: Aligns with benchmark softness, 10Y yield dip to 6.58%, ample ₹7.26trn bank liquidity cushioning downside.

Business Edge: Online-first sleep solutions firm eyes ₹5,000cr revenue by FY28 via omnichannel push.

Trading Outlook

Expect rangebound action near ₹190-200 initially; sustained volumes could test ₹205 resistance if Nifty stabilizes.

Sources: NSE India, Moneycontrol