The Rs 607 crore initial public offer (IPO) of IKIO Lighting opens for the subscription today on June 6 and will conclude on June 8. The company is offering its shares at a price band of Rs 270-285 apiece. Click here to subscribe the IPO.
At 12.00 PM on day 1, the issue was subscribed 35% overall. Check details of subscription in the table below:
Category | No. of shares offered | No. of shares bid for | No. of times of total meant for the category |
Qualified Institutional Buyers (QIBs) | 42,42,592 | 728 | 0.00 |
Non Institutional Investors(NIIS) | 32,94,445 | 13,26,260 | 0.40 |
Retail Individual Investors (RIIs) | 76,87,037 | 40,57,768 | 0.53 |
Total | 1,52,24,074 | 53,84,756 | 0.35 |
(Source: BSE)
The issue consists of sale of fresh equity worth Rs 350 crore, while promoters of the company will offload 90,00,000 equity shares via offer for sale (OFS) route. Hardeep Singh will sell 60,00,000 equity shares, while Surmeet Kaur will cut her stake by 30,00,000 equity shares in the OFS.
Motilal Oswal Investment and Advisors is the book running lead manager to the issue, while Kfin Technologies is the registrar to the issue. The stock will be listed at both BSE and NSE.
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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