Wakefit IPO sees slow subscription on Day 2 so far; GMP falls. Should you apply?

Wakefit Innovations’ ₹1,288.89 crore IPO saw modest traction on day two, with 34% subscription against 3.63 crore shares on offer. Retail investors fully subscribed, while NIIs and QIBs lagged. The grey market premium stands at ₹5, indicating a likely listing near ₹200 as sentiment remains cautious.