IKIO Lighting sets IPO price band at Rs 270-285 per share

1 Jun 2023 , 12:29 PM

IKIO Lighting, LED solutions provider has set the price band for its initial public offer at Rs 270-285 per share, valuing the company at Rs 2200 crore at the upper end.

The Rs 600 crore IPO will open for subscription on June June 6 and close on June 8. The anchor investors bids will open on June 5. The initiation of refunds will be on June 14 and listing on exchanges will be on June 16.

The issue comprises fresh issue of equity shares worth Rs 350 crore and an offer for sale of 90 lakh equity shares by the promoters, Hardeep Singh and Surmeet Kaur. 

IKIO Lighting is a LED lighting solutions provider, which focuses on the design, development, manufacturing, and supply of LED products. These products are subsequently distributed by customers under their own brands.

IKIO also works with its customers to develop, manufacture and supply products that are designed by our customers. Its products are categorised as LED lighting; refrigeration lights; ABS (acrylonitrile butadiene styrene) piping; and other products.

IKIO Lighting IPO important details:

Open date	6 June 2023
Close date	8 June 2023
Lot size	52 shares
IPO size (Rs crore)	Rs 607 crore
IPO price range (Rs)	Rs 270 to Rs 285 per share
Minimum investment	Rs 14,820
Basis of allotment date	13 June 2023
Refunds date	14 June 2023
Credit to demat account date	15 June 2023
Listing date	16 June 2023