India, Dec. 8 -- The IPO of D2C mattress company Wakefit got off to a steady start and was subscribed 10% till 12:10 IST on the first day of bidding. The issue received bids for 35.18 Lakh shares against 3.63 Cr shares on offer.

The portion reserved for retail investors was subscribed 47%, getting bids for 31.34 Lakh shares against 66.09 Lakh shares reserved for them. Of this, bids worth 27.49 Lakh shares were placed at cut off, while bids for 3.85 Lakh shares came at a fixed price within the price band.

Non-institutional investors' (NIIs) category was subscribed 4%, receiving bids for 3.83 Lakh shares against 99.14 Lakh shares on offer. Within this category, investors with bidding amounts above INR 10 Lakh placed bids for 1.02 Lakh sha...