Highlights

  • IKIO Lighting is a manufacturer of light-emitting diode (LED)
  • Motilal Oswal Investment Advisors is the sole book-running lead manager to the issue

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IKIO Lighting IPO: GMP, Date, Price Band, Subscription, Here's Everything You Need to Know

KIO Lighting IPO opens for subscription on June 6, with a price band set of Rs 270-285 per share. 

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      IKIO Lighting IPO: LED lighting solution provider, IKIO Lighting Ltd on Monday said it has mobilised Rs 182 crore from anchor investors. The company plans to raise about ₹606 crore through the public offer.

      IKIO Lighting IPO Dates and Subscription

      IKIO Lighting's grey market premium (GMP) on Monday zoomed sharply ahead of the opening of its subscriptions from June 6th to 8th.

      IKIO Lighting IPO Price Band

      The company fixed a price band of Rs 270-285 per share for its Rs 606-crore initial public offering (IPO).

      The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh shares by promoters Hardeep Singh and Surmeet Kaur.

      50% of the IPO size is applicable to qualified institutional buyers, 15% will be allotted to non-institutional investors, and the remaining 35% will be reserved for retail individual investors.

      The proceeds will be used for repayment of debt; investment in wholly-owned subsidiary IKIO Solutions for setting up a new facility at Noida and general purposes.

      About the Company IKIO Lighting

      IKIO Lighting is a manufacturer of light-emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and designs, develops, manufactures,s and supplies products to customers who then further distribute these products under its brands.

      It has four manufacturing facilities with one located in the SIDCUL Haridwar industrial park in Uttarakhand and three in Noida in the National Capital Region.

      Motilal Oswal Investment Advisors is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on the BSE and NSE.

      संसदपूर्व चीफ जस्टिसParliamentary Affairs Ministerमहुआ मोइत्राTMCparliament sessionMahua Moitraटीएमसी सांसद

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