• Wakefit shares list close to the issue price on both NSE and BSE, indicating a muted response from investors on the debut day.
• The IPO attracted moderate interest with an overall subscription of 2.52 times, led by strong participation from retail and institutional investors.
• Broader market volatility and cautious investor sentiment limited listing gains, reflecting a valuation-conscious approach toward new consumer brand listings.

Bengaluru-based home and sleep solutions company Wakefit Innovations Ltd made a muted debut on the stock market on Monday, with its shares listing flat to slightly below the IPO issue price, signaling a cautious investor mood.

On the National Stock Exchange (NSE), Wakefit shares opened at Rs 195, matching the upper end of the IPO price band. On the Bombay Stock Exchange (BSE), the stock debuted at Rs 194.10, reflecting a marginal discount of about 0.5% to the issue price.

The company’s initial public offering received a moderate response, with an overall subscription of 2.52 times. Retail investors led the demand, subscribing their portion 3.17 times, followed closely by Qualified Institutional Buyers (QIBs) at 3.04 times. The Non-Institutional Investors (NIIs) segment saw a lower response, with a 1.05 times subscription, according to exchange data.

Wakefit’s IPO was open for bidding from December 8 to December 10, priced in the range of Rs 185 to Rs 195 per share. The issue had a lot size of 76 shares, requiring a minimum investment of Rs 14,175. The offering included a fresh issue worth Rs 377.18 crore and an offer for sale of Rs 911.71 crore by existing shareholders, including promoters and early investors.

Ahead of the listing, the company raised nearly Rs 580 crore from anchor investors, with participation from institutions such as HDFC Life Insurance, Bajaj Allianz Life, Prudential Hong Kong, and Amundi, signaling institutional interest before the launch.

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Financially, Wakefit reported Rs 724 crore in operating revenue and a net profit of Rs 35.57 crore in the first half of FY26. For FY25, revenue rose nearly 30% year-on-year to Rs 1,274 crore, though the company posted a net loss of Rs 35 crore.

The flat debut reflects a broader trend of valuation sensitivity, where strong brands and anchor backing do not always guarantee listing gains amid market volatility.