New Delhi, Dec. 8 -- The initial public offering (IPO) of Wakefit Innovations Ltd, a home and furnishings company, is set to open for subscription from December 8 to December 10. Wakefit IPO price band has been set at Rs.185-195 per share, which values the Bengaluru-based company at approximately Rs.6,400 crore.

Wakefit IPO GMP today is Rs.36. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Wakefit is indicated at Rs.231 apiece, which is 18.46% higher than the IPO price of Rs.195.

Previously, the Wakefit IPO raised Rs.186 crore from three investors: Steadview Capital, WhiteOak Capital, InfoEdge, and Capital 2B, which is backed by Temasek, ahead of the public subs...