India, Dec. 2 -- D2C furniture and mattress company Wakefit has set the price band for its IPO, which is set to open on December 8, at INR 185 to INR 195 per share.

At the upper end of the price band, the IPO values the company at INR 6,373 Cr (about $710 Mn).

Anchor bidding for the issue will take place on December 5, while the issue will close on December 10. The shares are expected to list on the exchanges on December 15.

The public issue comprises a fresh issue of up to INR 377.2 Cr and an offer for sale (OFS) of up to 4.68 Cr equity shares. At INR 195 per share, the total size of the issue will be INR 1,289 Cr (about $143.6 Mn).

Wakefit undertook a private placement of 28.7 Lakh shares at INR 195 apiece, amounting to INR 56 Cr. ...