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Wakefit IPO: Slow subscription on Day 1 raises concerns about profitability and market performance.
Summary
Wakefit's IPO saw a slow subscription on Day 1, with retail investors showing moderate interest. Concerns exist regarding the company's losses, high costs, and limited operating leverage, despite a positive GMP. This information is relevant for understanding market trends and IPO dynamics.
Key Points
- Wakefit's IPO opened with a subdued 11% subscription on Day 1.
- Retail investors showed moderate interest.
- Institutional investors largely stayed away.
- Positive GMP suggests a potential premium listing.
- Concerns include ongoing losses, high costs, and limited operating leverage.
Full Article
Wakefit’s IPO opened to a subdued 11% Day 1 subscription, with retail showing moderate interest and institutions staying away. Despite a positive GMP hinting at a premium listing, concerns persist over ongoing losses, high costs and limited operating leverage.
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