India, Dec. 10 -- Update | December 10, 20:00 IST

D2C mattress and furniture startup Wakefit's IPO closed with an oversubscription of 2.5X. The public issue received bids for 9.16 Cr shares against 3.64 Cr shares reserved.

QIBs, which showed the least interest on the first two days of bidding, overtook other investors on the final day. They placed bids for 6.02 Cr shares against 1.98 Cr shares reserved for them, translating to 3.04X oversubscription.

The portion reserved for retail investors was oversubscribed 3.17X, getting bids for 2.10 Cr shares against 66.10 Lakh shares on offer.

Non-institutional investors (NIIs) placed bids for 1.05 Cr shares against 99.15 Lakh shares reserved, resulting in 1.05X oversubscription.

Wakefit's sha...