IKIO Lighting IPO Fully Subscribed on Day 1
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IPO got good response
In this, the non-institutional segment was subscribed the maximum 2.97 times. Whereas the retail segment was subscribed 1.64 times. The Qualified Institutional Buyers segment was subscribed 0.30 times. The issue opens for subscription on Tuesday, June 06. It will close on Thursday i.e. June 8, 2023.
Raised Rs 182 crore
A day before the issue opens, IKIO Lighting Limited has raised Rs 182 crore from 14 anchor investors. HDFC Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs Asset Management, Malabar India Fund, Mirae Asset Global, Rohadia Master Fund, Motilal Oswal Select Opportunities Fund, Cohesion MK Best Ideas, Bengal Finance are among the foreign investors and domestic institutions participating in the anchor. Are included. Broking houses like Anand Rathi, SBI Securities, Choice Equity Broking, Swastika Investmarts, Marwari Financial Services, Hem Securities and Religare Broking have “Subscribe” rating on it.
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Allotment will be done on June 13
Explain that after the completion of the bidding process of IKIO Lighting IPO, its shares will be allotted on June 13. Those investors who will not get the shares, their money will be refunded on June 14. On the other hand, the shares will be credited to the demat account of successful investors on June 15.
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