IKIO Lighting IPO Information: The IPO of IKIO Lighting has been scheduled with a fixed date. It will be open in the market from June 6 to June 8, 2023. The company aims to raise approximately ₹606.5 crores through the IPO. This amount will consist of a fresh issue of ₹350 crores and an offer for sale of up to 9,000,000 equity shares, each valued at ₹10. The allocation for different investor categories is as follows: 35% for retail investors (retail quota), 50% for qualified institutional buyers (QIBs), and 15% for high net worth individuals (HNIs).
Objects for the Issue
- Repaying or partially repaying consolidated borrowings of the Company and its Subsidiaries.
- Investing in wholly owned Subsidiary, IKIO Solutions Private Limited, to establish a new facility in Noida, Uttar Pradesh.
- For general corporate purposes.
IKIO Lighting IPO Review (Apply or Not)
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Review -Brokrage Firm
- To be updated soon
| IPO Dates: | 6 to 8 June, 2023 |
| IPO Size: | ₹606.50 Crores |
| Fresh Issue: | ₹350 Crores |
| Offer for Sale: | 90,00,000 Equity Shares |
| Face Value: | ₹10 / Equity Share |
| IPO Price Band: | ₹270 to ₹285 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | – |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
IKIO Lighting IPO Lot Size
The IKIO Lighting IPO minimum application is 52 shares with the amount of ₹14,820. Retail investors can apply Maximum 13 lots with total 676 shares for amount of ₹192,660.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 52 | ₹14,820 |
| Retail Maximum | 13 | 676 | ₹192,660 |
| Small HNI Minimum | 14 | 728 | ₹207,480 |
| Big HNI Minimum | 68 | 3536 | ₹10,07,760 |
IKIO Lighting IPO Allotment and Listing Dates
The IKIO Lighting IPO Last date for application is June 8. and The IKIO Lighting IPO allotment will be settled on June 13 and the IPO listing on June 16.
| Price Band Announcement: | May 31, 2023 |
| Anchor Investors Allotment: | June 5, 2023 |
| IPO Open Date: | June 6, 2023 |
| IPO Close Date: | June 8, 2023 |
| Basis of Allotment: | June 13, 2023 |
| Refunds: | June 14, 2023 |
| Credit to Demat Account: | June 15, 2023 |
| IPO Listing Date: | June 16, 2023 |
Check here IPO subscription status and IPO allotment status on their separate pages.