The initial public offer of IKIO Lighting Limited has continued to lure the investors on day 2 as the issue was subscribed 5.46 times on day 2 by 3.30 PM.
Retail investors bid 5.17 times of the reserved potion, while the portion set aside for high-networth individuals was subscribed 11.95 times
Qualified institutional investors, who have bought 1.06 times the reserved portion.
The price band for the IPO has been set at Rs 270 to Rs 285 per share. Promoters Hardeep Singh and Sumeet Kaur will take part in the OFS by selling 90 lakh equity shares.
IKIO Lighting IPO important details:
| Open date | 6 June 2023 |
| Close date | 8 June 2023 |
| Lot size | 52 shares |
| IPO size (Rs crore) | Rs 607 crore |
| IPO price range (Rs) | Rs 270 to Rs 285 per share |
| Minimum investment | Rs 14,820 |
| Basis of allotment date | 13 June 2023 |
| Refunds date | 14 June 2023 |
| Credit to demat account date | 15 June 2023 |
| Listing date | 16 June 2023 |
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