New Delhi, Dec. 8 -- Wakefit Innovations IPO in focus: The initial public offering (IPO) of home and furnishings company Wakefit Innovations, which opened for subscription today, December 08, received a muted response from investors. By the end of the day, the issue was subscribed just 0.16 times, with 57.48 lakh shares bid for against the 3.63 crore shares on offer.

The retail portion was subscribed 0.77 times, while Non-Institutional Investors (NIIs) were booked just 0.07 times, and the qualified portion has not yet opened for bidding.

The Rs.1,289 crore issue comprises a fresh issue of 1.93 crore shares aggregating to Rs.377.18 crore and an offer for sale of 4.68 crore shares aggregating to Rs.911.71 crore.

The price band has been f...