IKIO Lighting Continues to Shine, Surges 50% from Issue Price for Second Consecutive Day

19 Jun 2023 , 12:45 PM

After a blockbuster listing on the Dalal Street, IKIO Lighting shares gained more than 9% on the second consecutive day. At 12.41 PM, the stock was trading at Rs 435.45, 7.78% higher than the previous close on NSE. 

The stock has recorded a remarkable 51% gain from its issue price of Rs 285.

On listing day, June 16, Quant Mutual Fund, through its Quant Quantamental Fund, has purchased 6.01 lakh shares in the company. Additionally, Quant Multi Asset Fund has acquired 6.02 lakh shares. Collectively, these transactions amount to 12.03 lakh shares, representing a 2.15% stake in the company.

IKIO Lighting Limited offers a range of products under its umbrella and has developed solutions for commercial, industrial, and residential applications.