Check live subscription status of IKIO Lighting IPO as issue subscribed fully on day 1

6 Jun 2023 , 03:36 PM

The initial public offer (IPO) of IKIO Lighting has seen strong demand from the both retail and non-institutional investors. At 3.30 PM on June 6, the issue was subscribed 1.17 times. Click here to subscribe the IPO.

As per BSE data, the portion set aside for retail investors has subscribed 1.33 times, while high net-worth individuals portion has seen 1.95 times.

Qualified institutional buyers (QIBs) have bought 12,13,056 shares of IKIO so far, against the allotted quota of 42.42 lakh shares.

Ahead of the IPO, the company has mobilised Rs 182 crore from 16 anchor investors. The company has allocated 63.84 lakh equity shares at Rs 285 per share June 05 to anchor investors.

The company will use the issue proceeds for repaying debts, and investment in wholly owned subsidiary IKIO Solutions to set up new facility in Uttar Pradesh.

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