IKIO IPO allotment likely today; here’s how to check

13 Jun 2023 , 10:12 AM

The allotment of Rs 607 crore initial public offer (IPO) of IKIO Lighting Limited is expected to take place today, i.e., June 13, 2023.

The issue of IKIO Lighting was available for subscription from June 6 to June 8. The IPO has received heavy demand across investors’ classes. On the final day of the offer, the IKIO Lighting IPO received an overall subscription of 67.75 times. The qualified institutional buyer portion was oversubscribed by 163.06 times, while the non-institutional investors’ portion was oversubscribed by 65.38 times. Additionally, the retail portion saw significant participation with a subscription of 14.31 times.

Upon the allotment date, investors are informed about the number of shares allocated to them based on their submitted bids. They can check their allotment status either by visiting the BSE or by accessing the registrar’s website, KFin Technologies Limited. These platforms provide the necessary information regarding the shares allotted to individual investors.

Here, investors need to provide their application number and PAN details to know the allotment status.

The shares of IKIO Lighting will get listed on the exchanges on June 16.

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