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IKIO Lighting IPO subscribed 44% so far on Day 1; listing gains looking likely
IKIO Lighting IPO subscribed 44% so far on Day 1; listing gains looking likely
IKIO Lighting's initial public offering (IPO) was subscribed 44% on the first day, with strong interest from retail and non-institutional investors. Retail investors subscribed to 63%, while non-institutional investors subscribed to 57%. The IPO closes on June 8, comprising a fresh equity issue of up to INR 350 crore and an offer for sale of up to 90 lakh shares. The company has set a price band of INR 270-285 per equity share, with about 50% reserved for institutional buyers and 35% set aside for retail investors. The shares are likely to get listed with a premium of 36% over the issue price.
IKIO Lighting's initial public offering (IPO) was subscribed 44% on the first day, with strong interest from retail and non-institutional investors. Retail investors subscribed to 63%, while non-institutional investors subscribed to 57%. The IPO closes on June 8, comprising a fresh equity issue of up to INR 350 crore and an offer for sale of up to 90 lakh shares. The company has set a price band of INR 270-285 per equity share, with about 50% reserved for institutional buyers and 35% set aside for retail investors. The shares are likely to get listed with a premium of 36% over the issue price.
IKIO Lighting's initial public offering (IPO) was subscribed 44% on the first day, with strong interest from retail and non-institutional investors. Retail investors subscribed to 63%, while non-institutional investors subscribed to 57%. The IPO closes on June 8, comprising a fresh equity issue of up to INR 350 crore and an offer for sale of up to 90 lakh shares. The company has set a price band of INR 270-285 per equity share, with about 50% reserved for institutional buyers and 35% set aside for retail investors. The shares are likely to get listed with a premium of 36% over the issue price. 
