IKIO Lighting IPO subscribed 66.24 times so far on last day

8 Jun 2023 , 04:47 PM

The Rs 607 crore initial public offer (IPO) of IKIO Lighting has seen bumper demand from all the investors. The issue has been subscribed 66.24 times by 4.30 PM. The quota reserved for retail individual investors (RIIs) was subscribed 13.78 times, qualified institutional buyers by 163.58 times and non-institutional investors (NIIS) by 63.34 times.

The issue comprises fresh issue of equity shares worth Rs 350 crore and an offer for sale from promoters of up to 90 lakh shares.

IKIO Lighting has set the IPO price band of Rs 270-285 per equity share and investors can bid for a minimum of 52 shares in one lot and multiples thereafter.

Motilal Oswal Investment Advisors is the sole book-running lead manager and KFin Technologies is the registrar of the offer.

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