Ikio Lighting Ipo Subscribed 1 55 Times On Day 1

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

IKIO Lighting IPO subscribed 1.55 times on Day 1

ri-calendar-2-lineJun 7, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting received 1.55 times subscription on its debut day on Tuesday.

According to the NSE data, the Rs 606.5 crore IPO received bids for 2,36,67,020 shares against 1,52,24,074 shares on offer. 

The category for non-institutional investors was subscribed 2.97 times while the portion for Retail Individual Investors (RIIs) received 1.64 times subscription and Qualified Institutional Buyers (QIBs) 30%.

The public issue that has opened for subscription on Tuesday, June 6, will close on Thursday, June 8 and it has a fresh issue of up to Rs 350 crore and an Offer for Sale of up to 90 lakh equity shares.

The company has set the price band for the public issue at Rs 270-285 per share. Promoters Hardeep Singh and Sumeet Kaur will take part in the OFS by selling 60 lakh and 30 lakh equity shares, respectively, as per the red herring prospectus (RHP).

Source: Media reports

Related News

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions