Wakefit Solutions stock price made a subdued stock market debut on Monday, December 15th. The shares of Wakefit Solutions were listed at the same price as the IPO’s upper price band of ₹195. This means that the IPO allocators did not make any listing profit on the Wakefit Solutions IPO listing. Before listing, shares of Wakefit Solutions were trading at a premium of ₹7, according to Investorgain. This means that the GMP of Wakefit Solutions IPO is +7. Wakefit Solutions IPO Details The IPO received a modest response, with overall subscriptions reaching 2.52 times. Retail investors led the demand, subscribing 3.17 times their allotted portion, while Qualified Institutional Buyers (QIBs) bid 3.04 times. The non-institutional investor (NII) segment saw relatively lower interest and subscribed 1.05 times. The company raised a total of ₹1,288.89 crore through the offer, which included a fresh issue of 1.93 crore shares worth ₹377.18 crore and an offer for sale (OVS) of 4.68 crore shares worth ₹911.71 crore. The issue had a lot size of 76 shares, which translates to a minimum investment of ₹14,820 for retail investors at the upper end of the price band. The proceeds from the new issue will be used for multiple purposes, such as capital expenditure to launch 117 new COCO-Regular stores, meeting lease and rental obligations for existing outlets, purchasing equipment and machinery, strengthening marketing and advertising initiatives, and meeting general corporate expenses. The IPO was open for subscription from December 8 to December 10, with a price band set between ₹185 and ₹195 per share. (This is a developing story) Disclaimer: This story is for educational purposes only. Please consult an investment advisor before making any investment decisions.