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IKIO Lighting raised about Rs 607 crore from its initial stake sale, which was open for bidding between June 6-8 as the company had a price band of Rs 270-285 apiece.
New Delhi: Despite a stellar rise in the broader market, Stove Kraft shares may list with small premium if one were to go by the signals from the grey market. The company is set to make market debut on Friday. The Rs 413 crore initial public offer (IPO) of the company, which was sold between January 25 and 28, was subscribed 18.03 times. However, Stove Kraft’s unlisted shares are commanding very little premium in grey market at Rs 35 apiece, compared with Rs 100 a share a week ago. Abhay Dosh, Founder of Unlistedarena.com, expects the shares to list at par or with mild gains. “It is a ris...