Wakefit IPO Day 3: Weak GMP, subdued subscription. Should you invest?

Wakefit IPO: Wakefit’s ₹1,289-crore IPO is seeing weak demand, with overall subscription at just 39% by Day 2. The grey-market premium has slipped to about 1% from earlier levels of 2.5–5%. Retail investors are the only strong participants so far, subscribing 1.77x, while NII interest remains low at 25%.