Last day to subscribe IKIO Lighting IPO; check live subscription status here

8 Jun 2023 , 12:16 PM

The initial public offer (IPO) of IKIO Lighting Limited opened for subscription on June 6 and will be closing today on June 8. The issue was subscribed 6.83 times on day 2 of the offer. Click here to subscribe the IPO.

On the final day, IKIO IPO was subscribed 11.64 times by 11.55 AM. The issue saw overwhelming response from Non Institutional Investors (NIIs) who subscribed 29.05 times followed by retail investors who subscribed to the issue 9.00 times of the portion reserved, and qualified institutional buyers portion was subscribed 2.91 times.

The company will use fresh issue proceeds from the IPO to repay debt and set up a new facility at Noida by subsidiary IKIO Solutions and for general corporate purposes.

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