IKIO Lighting IPO Subscribed 66.3 Times On Final Day
The Qualified institutional buyer portion was the most subscribed with 163.58 times.
Stay updated with breaking news from Surmeet Kaur. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Qualified institutional buyer portion was the most subscribed with 163.58 times.
The Initial Public Offering of IKIO Lighting Limited a leading manufacturer of Light Emitting Diode Lighting in India, was subscribed 66.29 times on the final day of bidding, making it the most subscribed IPO after DCX Systems since Nov 2022.
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.
The anchor book will open for a day on June 5.
LED lighting solution provider IKIO Lighting Ltd., on Monday, said it has mobilised Rs 182 crore from anchor investors ahead of its initial share sale that opens for public subscription on Tuesday. The company has allotted 63.84 lakh equity shares to 16 funds at Rs 285 apiece, aggregating the transaction size to Rs 182 crore, according to a circular uploaded on the BSE website.