Wakefit Innovations IPO
Wakefit Innovations Limited (WAKEFIT) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 15 December 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.1% (likely range -0% to +2%), day's high +3.7%, chance of a gain 33%. Actual: 0.0% at the open, +4.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,98,29,061 | 6,02,46,188 | 3.04x | |
| NII (HNI) total | 99,14,529 | 1,04,51,748 | 1.05x | |
| Big NII (above ₹10 lakh) | 66,09,686 | 57,88,084 | 0.88x | |
| Small NII (₹2-10 lakh) | 33,04,843 | 46,63,664 | 1.41x | |
| Retail | 66,09,686 | 2,09,74,784 | 3.17x | |
| Total | 3,63,53,276 | 9,16,72,720 | 2.52x |
Bids on NSE and BSE together, as published by NSE, as of 10 Dec 2025, 07:00 PM. Shares offered exclude the anchor portion. 20% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Wakefit Innovations's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| UTI Asset Management CompanyOct 2020 | 3.34x | 0.93x | 2.32x | 2.31x | ₹2,160 Cr | -9.8% | -4.3% |
| ACME Solar HoldingsNov 2024 | 3.54x | 0.97x | 3.10x | 2.75x | ₹3,049 Cr | -13.2% | -4.5% |
| Fedbank Financial ServicesNov 2023 | 3.51x | 1.45x | 1.82x | 2.20x | ₹1,105 Cr | -1.4% | +5.9% |
| Suryoday Small Finance BankMar 2021 | 2.18x | 1.31x | 3.09x | 2.37x | ₹582 Cr | -4.3% | -2.8% |
| CMS Info SystemsDec 2021 | 1.98x | 1.45x | 2.15x | 1.95x | ₹1,159 Cr | +1.9% | +20.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| Nomura Financial Advisory and Securities (India) | 27 | +16.0% | 56% |
Offer documents (NSE)
Frequently asked
What is the Wakefit Innovations IPO price band and lot size? ₹185–195 per share, with a lot of 76 shares, so the smallest retail bid is ₹14,820.
How many times has it been subscribed? 2.52x overall: QIB 3.04x, NII 1.05x, retail 3.17x.
How did it list? It opened at ₹195, +0.0% against the issue price of ₹195, and closed its first day -1.4%.
