Key Objective
Initial public offering of up to [*] equity shares of face value of Re.1/- each ("Equity Shares") of Wakefit Innovations Limited ("Company") for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) ("Offer Price") aggregating up to Rs. [*] crores comprising a fresh issue of up to [*] equity shares of face value of Rs.1/- each aggregating up to Rs. 377.18 crores by the company ("Fresh Issue") and an offer for sale of up to 46,754,405 equity shares of face value of Re.1/- each aggregating up to Rs. [*] crores by the selling shareholders, consisting of up to 7,729,488, equity shares of face value of Re.1/- each aggregating up to Rs.[*] crores by Ankit Garg, up to 4,452,185 equity shares of face value of Re.1/- each aggregating up to Rs.[*] crores by Chaitanya Ramalingegowda (Collectively "the Promoter Selling Shareholders"), up to 899,205 equity shares aggregating up to Rs.[*] crores by Nitika Goel, up to 25,374,774 equity shares aggregating up to Rs.[*] crores by Peak XV Partners Investments VI, up to 139,047 equity shares aggregating up to Rs.[*] crores by Redwood Trust, up to 10,193,506 equity shares aggregating up to Rs.[*] crores by Verlinvest S.A., up to 413,150 equity shares aggregating up to Rs.[*] crores by Sai Global India Fund i, LLP, up to 2,554,050 equity shares aggregating up to Rs.[*] crores by Paramark KB Fund i (Collectively the "Other Selling Shareholders") (the Promoter Selling Shareholders and the Other Selling Shareholders, collectively reffered to as the "Selling Shareholders" and such equity shares so offered by the selling shareholders, the "Offered Shares" and such offer, the "Offer for Sale" and together with the fresh issue, the "Offer".
The company, in consultation with the book running lead managers, undertook a private placement of 2,871,794 equity shares at an issue price of Rs. 195 per equity share of face value of Re. 1 ( including a Premium of Rs. 194 per equity share of face value of Rs. 1 each ) aggregating to Rs. 56.00 Crores. The sizeof the fresh issue has been adjusted to Rs. 3,771.78 Crores. Our company had intimated the subscribers to the Pre-Ipo placement that our company is contemplating the offer and that there is no guarantee that our company may proceed with the offer, or that the offer may be successful and will result into listing of the equity shares on the stock exchanges, and the investment is being done solely at their own risk.
Price Band: Rs. 185/- to Rs. 195/- for equity share of face value of Rs. 1 each.
The floor price is 185 times times the face value and cap price is 195 times of the face value of the equity shares.
Bids can made for a minimum of 76 equity shares and in multiples of 76 equity shares thereafter.