Wakefit IPO Day 2, Dec. 9 -- The home and furnishings firm Wakefit Innovations Ltd saw a 15% subscription rate on the first day of its initial public offering on Monday, December 9. The overall response to the subscription has been lukewarm, although there has been a good response from retail investors.

Wakefit IPO price band has been set between Rs.185 and Rs.195 per share, valuing the Bengaluru-based company at around Rs.6,400 crore.

Wakefit IPO GMP today is Rs.5. 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.200 apiece, which is 2.56% higher than the IPO price of Rs.195.

Prior to the public subscription opening for its initial sha...