India, Dec. 8 -- Update | December 08, 18:47 IST

Wakefit's IPO got off to a subdued start on Day 1, with the issue getting subscribed 15%. It received bids for 55.12 Lakh shares against 3.63 Cr shares on offer.

Retail investors led the demand, subscribing 73% of their allotted portion. They placed bids for 48.48 Lakh shares as against 66.09 Lakh shares reserved for them. Of this, bids for 42.09 Lakh shares came through the cut-off category, while 6.39 Lakh shares were bid at specific prices.

The non-institutional investor (NII) segment saw relatively muted participation, with the category subscribed just 7%. NIIs bid for 6.61 Lakh shares against 99.14 Lakh shares earmarked for them.

Within the NII category, investors bidding for more ...