Tech
Wakefit IPO values company at Rs 6,373 crore, to unlock major gains for founders, investors
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Mattress and furniture maker Wakefit has set a price band of Rs 185-195 per share for its upcoming initial public offering (IPO), valuing the company at Rs 6,373 crore. The IPO is expected to generate significant paper gains for its promoters and investors, including Peak XV Partners.
Wakefit’s cofounders and promoters Ankit Garg and Chaitanya Ramalingegowda own 33.03% and 9.98% of the company, respectively, with their stakes valued at Rs 2,012 crore and Rs 608 crore.
Garg stands to collect around Rs 151 crore and Ramalingegowda about Rs 87 crore…
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