Dec 15 (Reuters) - Shares of Indian home and furnishing company Wakefit Innovations WAKE.NS dropped more than 4% in debut trade on Monday after drawing bids worth 12.89 billion rupees ($142.23 million) for its $41 million initial public offering last week.
The stock was trading at 183.61 rupees after opening at 195 rupees on the National Stock Exchange of India in premarket trade, same as its issue price.
($1 = 90.6300 Indian rupees)
(Reporting by Abhirami G from Bengaluru)
((abhirami.g@thomsonreuters.com;))