India, Dec. 2 -- Wakefit Innovations Ltd. has reduced the size and declared the price band for its IPO for a valuation of up to Rs.6,000 crore.

On offer in the Wakefit IPO are new shares worth Rs.377 crore-as against Rs.468 crore planned earlier-alongwith an offer-for-sale of 4.67 crore shares worth Rs.912 crore. The total issue size to Rs.1,289 crore.

The Wakefit IPO will be open for subscription on 8-10 December. An anchor placement is planned for 5 December. A listing is likely on 15 December.

The Wakefit IPO comes as India's retail market matures and spending increases in categories such as fashion, consumer electronics, home and furnishings. Moreover, IPOs in India are set to break last year's record of $20.5 billion, with as much...