New Delhi, Dec. 10 -- The initial public offering (IPO) of Wakefit Innovations sailed through on the final day of the bidding process on Wednesday, December 10, led by institutional and retail demand. At the end of the second day, the mainboard offer was booked 39%.

Meanwhile, the grey market premium (GMP) for the Wakefit IPO slumped sharply amid mixed reviews of the initial share sale.

According to BSE data, the Rs.1,289-crore issue received 9,16,72,644 bids against 3,63,53,276 shares on offer, resulting in a subscription status of 2.52 times.

The retail investor category continued to show strong interest, garnering 3.17 times bids. The non-institutional investors (NII) segment saw 1.05 times subscription. Meanwhile, the qualified ins...