Wakefit Innovations debuts with over 1% dip

Wakefit Innovations is a company that sells home and furnishing products.

They recently sold shares to the public for the first time, which is called an IPO.

On Monday, their shares started trading on the stock market.

The shares did not do very well on the first day.

They started a little lower than the price they were sold for and went even lower during the day.

By the end of the day, the shares were worth 1.38% less than the IPO price.

Many shares were traded on both the BSE and NSE.

The company plans to use the money from the IPO to open new stores, buy equipment, and pay rent for their existing stores.