Summary
Investors of Wakefit, including founders Chaitanya Ramalingegowda and Ankit Garg, will sell a total of 58.4 million shares through the offer-for-cell component.
Mattress and furniture manufacturer Wakefit Draft has filed red herring prospectus (DRHP) For its initial public offering (IPO) To raise Rs 468 crore in the latest issue. The investors of the company, including founders Chaitanya Ramalingegowda and Ankit Garg, will sell a total of 58.4 million shares through the Off-For-cell component.
Between institutional investors, Peak xv Partners is selling the largest block of 25 million shares, followed by Belgian investor Worldwest 10.2 million shares.
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