Description

Anchor investor allocation of 29,743,590 equity shares at ₹195 per share for Wakefit Innovations Limited's IPO comprising fresh issue of ₹3,771.78 million and offer for sale.

Summary

Wakefit Innovations Limited has finalized the allocation of 29,743,590 equity shares to anchor investors at ₹195 per share (including share premium of ₹194) on December 05, 2025. The IPO comprises a fresh issue of up to ₹3,771.78 million and an offer for sale of up to 46,754,405 equity shares by selling shareholders. The allocation was decided by the IPO committee in consultation with book running lead managers Axis Capital Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited.

Key Points

  • Total anchor investor allocation: 29,743,590 equity shares
  • Anchor investor allocation price: ₹195 per equity share (face value ₹1, premium ₹194)
  • Total anchor book size: approximately ₹5,799.95 million
  • Major allocations include HDFC Mutual Fund (7.8%), Mirae Asset Midcap Fund (7.2%), and multiple other institutional investors
  • IPO structure: Fresh issue up to ₹3,771.78 million + OFS of 46,754,405 shares
  • Book running lead managers: Axis Capital Limited, IIFL Capital Services Limited, Nomura Financial Advisory and Securities (India) Private Limited

Regulatory Changes

No regulatory changes. This is a standard IPO anchor investor allocation disclosure as per SEBI regulations.

Compliance Requirements

  • The company has disclosed anchor investor allocation details to BSE and NSE as required under IPO regulations
  • Anchor investors are subject to lock-in requirements as per SEBI ICDR Regulations
  • The allocation complies with anchor investor portion limits prescribed by SEBI

Important Dates

  • December 05, 2025: IPO committee meeting held and anchor investor allocation finalized
  • December 05, 2025: Disclosure to stock exchanges

Impact Assessment

Market Impact: The anchor book of approximately ₹5,800 million represents strong institutional interest in Wakefit Innovations Limited’s IPO. The participation of marquee mutual funds including HDFC, Axis, Nippon India, Tata, and Mirae Asset indicates positive sentiment.

Investor Perspective: Anchor allocation at ₹195 per share sets a reference price for retail and institutional portions of the IPO. The diversified anchor base with 25 institutional investors reduces concentration risk.

Company Impact: Successful anchor allocation provides confidence for the main IPO book building process and helps in price discovery. The presence of quality long-term institutional investors adds credibility to the issue.

Impact Justification

IPO anchor allocation is significant for price discovery and market participation but impacts only new listing, not existing market operations