Wakefit Innovations files IPO papers with Sebi, plans to raise Rs 468 crore via fresh issue

Wakefit Innovations has filed its draft red herring prospectus with Sebi for an IPO comprising a fresh issue worth up to Rs 468.2 crore and an offer for sale of 5.83 crore shares. Promoters Ankit Garg and Chaitanya Ramalingegowda, along with key investors, will offload stakes. The Bengaluru-based firm plans to use proceeds for expansion, equipment purchases, leases, and marketing.

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