India, Dec. 9 -- D2C mattress and furniture company Wakefit's IPO was subscribed 27.4% till 12:38 IST on the second day of bidding. The issue received bids for 1 Cr shares out of the total 3.6 Cr shares on offer.

The public offering saw high interest from retail investors, with their portion oversubscribed 1.3X. They placed bids for 87.8 Lakh shares against 66.1 Lakh shares reserved for them.

Non-institutional investors' (NIIs) category saw 13.5% subscription, getting bids for 13.1 Lakh shares against 99.1 Lakh shares reserved for them. Out of this, investors with bidding amounts of INR 2 Lakh to INR 10 Lakh bid for 9.1 Lakh shares against 33 Lakh shares reserved for them.

Qualified institutional buyers (QIBs) showed the least interest...