New Delhi, Dec. 3 -- Wakefit Innovations' initial public offering (IPO) is set to open for subscription on Monday, December 08, and will remain open until Wednesday, December 10.

The company is looking to raise Rs.1,289 crore from the issue, comprising a fresh issue of 1.93 crore shares aggregating to Rs.377.18 crore and an offer for sale of 4.68 crore shares aggregating to Rs.911.71 crore.

Of the total issue size, 75% has been reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors.

The price band has been fixed at Rs.185- Rs.195 per share, with a lot size of 76 shares, requiring a minimum investment of Rs.14,820 for retail investors. The mainboard IPO is proposed to...