Monday, August 31
ET Intelligence Group: Wakefit Innovations, a mattress and furniture maker, plans to raise ₹377.2 crore through a fresh issue to cover lease payment, marketing and advertising expenses and to fund capital expenditure. It will also raise ₹911.7 crore through an offer for sale. The promoter group's stake will fall to 36.8% after the IPO from 43%. It has aggressively opened stores in the past two years. However, it has turned profitable in the six-months to September 2025 after posting losses in the previous three years. Raw materials constitute around 45% of expenses. With no long-term contracts with suppliers, it is exposed to price volatility and supply chain disruption. Given these factors, investors with high-risk appetite can consider the IPO with a long-term view. Business Incorpor
Mumbai: Investor sentiment toward InterGlobe Aviation (Indigo) has turned sour, with the stock falling over 7% in the previous five trading sessions in the wake of the recent flight cancellations that disrupted operations. Analysts said further stock declines of as much as 16% are possible if the mass cancellations continue. Indigo's shares fell 2.4% to close at ₹5,461.50 on Thursday. The stock has tumbled 7.4% over the last five sessions, while the benchmark Nifty declined 0.8% during the same period. "The flight disruptions dragged IndiGo's shares lower, and these flight cancellations are expected to impact IndiGo's revenue and profits in the next quarter as the issue is not likely to subside in the near term," said Dharmesh Kant, head of research, Cholamandalam Securities. Kant added
