India, Dec. 10 -- D2C mattress and furniture company Wakefit's IPO picked up pace during the third day of bidding, with the issue oversubscribing 1.94X at 14:39 IST. The issue received bidding for 7.06 Cr shares against a total offer of 3.64 Cr shares.

Interest from Qualified Institutional Buyers (QIBs) surged during the third day of bidding. These investors oversubscribed their quota by 2.25X, placing bids for 4.46 Cr shares against 1.98 Cr shares reserved for them.

Interest from retail investors continued on the final day, with these investors oversubscribing their quota subscribing 2.73X. RIIs have already placed bids for 1.81 Cr against 66.1 Lakh shares reserved for them.

However, the quota reserved for non institutional investors ...