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Wakefit IPO shows slow subscription and cooling GMP, reflecting investor caution.
Summary
Wakefit's IPO saw a slow subscription on Day 2, with a cooling GMP, indicating cautious investor sentiment. The IPO's performance and market response are relevant for understanding the Indian economy and stock market trends.
Key Points
- Wakefit's IPO entered Day 2 of bidding.
- The IPO had only 15% subscription on Day 1.
- GMP (Grey Market Premium) is falling.
- Retail bids are stronger than QIB (Qualified Institutional Buyer) interest.
- Analysts advise caution due to losses and stretched valuations.
Full Article
Wakefit’s IPO entered Day 2 of bidding with just 15% subscription on Day 1 and a cooling GMP of Rs 5, signalling tempered investor sentiment. Retail bids are stronger, but QIB interest is yet to pick up. Analysts cite losses and stretched valuations, advising caution despite brand strength.
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