IKIO Lighting IPO debuts at 37% premium on Dalal Street

16 Jun 2023 , 10:01 AM

Shares of IKIO Lighting IPO has made robust debut on the bourses. The shares of the company listed at Rs 392.50 per share on NSE, 37.72% higher than the issue price of Rs 285 apiece. While the shares listed at Rs 391 on BSE, 37.19% higher.

IKIO Lighting has successfully raised approximately Rs 607 crore through its initial stake sale, which took place from June 6 to June 8. The company offered the shares at a price range of Rs 270-285 per share, with a lot size of 52 equity shares. The issue garnered a strong and positive response from investors.

IKIO Lighting, a Noida-based company established in 2016, specializes in the production of LED lighting solutions. Operating primarily as an original design manufacturer (ODM), the company emphasizes its LED lighting products in the premium segment.