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The Noida-based company has fixed a price band of Rs 270-285 per equity share
The Rs 607 crore-IPO of IKIO Lighting kicks off for subscription on Tuesday, June 6 as the company looks to sell its shares in the range of Rs 270-285 apiece till Thursday, June 8.
Ikio Lighting IPO Lighting, an original design manufacturer of LED lighting products, opens for subscription Today.
Analysts point out that the company’s substantial portion of revenue comes from a single customer, Signify innovation India Limited, erstwhile Philips India – 70 percent revenue in 9MFY23, which is a concentration risk. Any slowdown in the business of Signify will spell an omen for IKIO.