Last updated: Jun 05, 2023, 1:11 PM IST
Ikio Lighting IPO will open for registration on Tuesday
The IPO includes a new issue of shares worth up to Rs 350 crore and an offering for sale (OFS) of up to 90 lakh shares.
IKIO Lighting IPO Opens Tomorrow: The initial public offering (IPO) of Ikio Lighting, an original design manufacturer of LED lighting products, will open for registration tomorrow (June 6). It stays open for three days and ends on Thursday.
The IPO includes a new issue of shares worth up to Rs 350 crore and an offering for sale (OFS) of up to 90 lakh shares.
Here are the top 10 things you should know about IKIO Lighting IPO:
IKIO Lighting IPO Bid Dates:
The issue will be open for public subscription from June 6 to 8, and bidding for anchor investors will begin on June 5, the Noida-based company said in a statement.
IKIO Lighting IPO issuance price range:
The Noida-based company has set a price range of Rs 270-285 per share share and investors can bid for a minimum of 52 shares in one lot and multiples thereafter.
IKIO Lighting IPO Expenditure Extent:
The total issue size of IKIO Lighting IPO is worth ₹607 crore consisting of a new issue of shares worth up to ₹350 crore and an offer for sale (OFS) of up to 90 lakh shares by promoters.
IKIO Lighting IPO Lot Size:
The batch size of IKIO Lighting IPO is 52 shares, making the minimum investment amount for retail investors ₹14,820. Private investors can bid on up to 13 lots.
IKIO Lighting IPO Allocation Basis:
The basis for the allocation of IPO shares will be set on June 13 and the start of redemptions will take place on June 14. The IPO shares will be credited to the demat account of eligible investors on June 15.
IKIO Lighting IPO Listing Date:
IKIO Lighting shares will be listed on BSE and NSE on 16 June.
IKIO Lighting IPO Objective of the issue:
The company proposes to use the proceeds from the new issue for debt service, investments in its wholly owned subsidiary IKIO Solutions and for general corporate purposes.
IKIO Lighting IPO Registrar:
Kfin Technologies is the registrar of the issue.
IPO Lead Managers IKIO Lighting:
Motilal Oswal Investment Advisors is the sole book-running lead manager of the IKIO Lighting IPO.
IKIO Lighting IPO GMP today:
Prior to the subscription, the gray market premium (GMP), which indicates the premium offered by shares in the unlisted market, is Rs 95, according to market observers. IKIO Lighting IPO GMP was Rs 50 per share on Friday. The IKIO Lighting IPO GMP on June 2 was unchanged compared to the GMP on June 1. The GMP on May 31 was Rs 20.