IKIO Lighting IPO kicks off today; Check live subscription status here

6 Jun 2023 , 12:10 PM

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