Shares of IKIO Lighting Limited, which makes debut on BSE and NSE today, closes at Rs 403.85, 41.70% higher to issue price on NSE and at Rs 404.75 apiece, 42.02% higher on BSE.
The day’s high of the company is Rs 427.40 on BSE and Rs 427.50 on NSE.
The stock listed at Rs 392.5 on NSE, a premium of 37.71% and at Rs 391 on BSE, up 37.19%, as against the offer price.
IKIO Lighting specializes in the design, development, manufacturing, and supply of products, which are then distributed by customers under their own brand names.
Motilal Oswal Investment Advisors served as the book-running lead manager, while KFin Technologies acted as the registrar to the offer.
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