IKIO Lighting Shares List at 37.7% Premium Today. Should Investors Buy, Sell or Hold? - News18
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Last Updated: June 16, 2023, 10:18 IST IKIO Lighting Listing Price: Shares of the LED lighting solutions provider IKIO Lighting made a stellar debut on the stock exchanges NSE and BSE on Friday i.e. June 16. On BSE, IKIO Lighting is listed at Rs 391 apiece against the issue price of Rs 270-285. The stock started its trading journey at Rs 392.5 apiece on NSE — a 37.7 per cent premium to the issue price. IKIO Lighting raised about Rs 607 crore from its initial stake sale, which was opened for bidding between June 6 and June 8. The company had set a price band of Rs 270-285 apiece for the issue with a lot size of 52 equity shares. The issue garnered a strong response from the investors during the three-day bidding process. The IPO was overall subscribed 66.30 times, with the portion for qualified institutional bidders (QIB) getting 163.68 times subscription; the category for non-institutional investors (NIIs) was subscribed 63.35 times and the quota reserved for retail invest...