Latest version: Jun 05, 2023, 13:11 IST
The Ikio Lighting IPO will open for subscription on Tuesday
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.
iQo Lighting IPO Opens Tomorrow: The initial public offering (IPO) of iQo Lighting, an original design manufacturer of LED lighting products, will open for subscription tomorrow (June 6). It will be open for three days and will end on Thursday.
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.
Here are the top 10 things to know about the IKIO Lighting IPO:
IKIO Lighting IPO Bidding Date:
The issue will be open for public subscription from June 6-8 and bidding will open for anchor investors on June 5, the Noida-based firm said in a statement.
IKIO Lighting IPO Issue Price Band:
The Noida-based firm has fixed a price band of Rs 270-285 per equity share and investors can bid for a minimum of 52 shares in one lot and thereafter multiples.
IKIO Lighting IPO Issue Size:
The total issue size of the IKIO Lighting IPO is valued at ₹607 crore, which includes fresh issue of equity shares worth up to ₹350 crore and offer-for-sale (OFS) of up to 90 lakh equity shares by the promoters.
IKIO Lighting IPO Lot Size:
The lot size of the IKIO Lighting IPO is 52 shares, making the minimum investment for retail investors ₹14,820. Retail investors can bid up to 13 lots.
Basis of IKIO Lighting IPO Allotment:
The allotment basis of IPO shares will be fixed on June 13 and refunds will commence on June 14. IPO shares will be credited to demat accounts of eligible investors on June 15.
IKIO Lighting IPO Listing Date:
IKIO Lighting shares will be listed on BSE and NSE on June 16
Objectives of IKIO Lighting IPO Issue:
The company proposes to use the proceeds from the new issue to repay debt, invest in its wholly-owned subsidiary IKIO Solutions and for general corporate purposes.
IKIO Lighting IPO Register:
Kefin Technologies is the registrar of the issue.
IKIO Lighting IPO Lead Manager:
Motilal Oswal Investment Advisors is the sole book-running lead manager for the IKIO Lighting IPO.
IKO Lighting IPO GMP Today:
According to market observers, before the subscription, the gray market premium (GMP), which indicates the premium commanded by shares in the unlisted market, stood at Rs 95. ICO Lighting IPO GMP on Friday was Tk 50 per share. The June 2 IKIO Lighting IPO GMP was unchanged from the June 1 GMP GMP on May 31 was Rs.20
Where we collect the information from Source link
Disclaimer:- We include in each post a link to where each content on our website is collected from.If there is a complaint against any post please contact us directly.
Email: post-support.dailyfastnews24.com
You can also write on the popular online news portal dailyfastnews24.com. Writing topics feature, travel, lifestyle, career, IT, agriculture and nature. Send your entry today to [email protected]
advertisement:-If you would like to advertise on our website please contact us here.Our Ads team will contact you very soon.
Email: [email protected]
The cost of advertising:- 1 Post 100 USD Lifetime.
Thank you very much for visiting our website. Have a good day.