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 |
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