IKIO Lighting IPO: Company to Open Initial Public Offering Next Week
– The Initial Public Offering (IPO) of IKIO Lighting Limited, a company that provides LED lighting solutions, is set to open on June 6th.
– The company has set a price band of Rs. 270-285 per equity share for the IPO.
– Investors can bid for the IPO until June 8th.
– The IPO size for IKIO Lighting is Rs. 607 crore, with fresh shares worth Rs. 350 crore being issued.
– The lot size for the IPO is 52 shares, with a minimum investment of Rs. 14,820 for retail investors.
– The IPO proceeds will be used to reduce debt, invest in its subsidiary IKIO Solutions, and for general corporate purposes.
– The IPO registrar is Kfin Technologies, and Motilal Oswal Investment Advisors is the sole book running lead manager.
– As per market experts, the grey market premium for IKIO Lighting shares was Rs. 50 on Friday, June 4th.
– Investors are advised to seek expert advice before investing in the IPO, as investing in the stock market carries risks.
IKIO Lighting Limited is an Original Design Manufacturer (ODM) that distributes its products in categories such as LED lighting, refrigeration lights, and ABS piping. The company filed for its IPO in October last year and received approval from SEBI in December. The funds raised from the IPO will be utilized to pay off debt, invest in its subsidiary, and for other corporate purposes. The IPO registrar for IKIO Lighting is Kfin Technologies, and Motilal Oswal Investment Advisors is the sole book running lead manager. Investors are advised to seek expert advice before investing in the IPO as investing in the stock market carries risks.
Follow DelhiBreakings on Google News
Superfast News Coverage by DelhiBreakings.com team.
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com