06 June 2023
08 June 2023
Rs. 606.50 Cr
16 June 2023
₹ 270 to ₹ 285 per share
IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions. In its journey of over seven years, the entity focused on providing sustainability and low-energy LED products to help India meet its sustainability goals. The product portfolio of IKIO can be categorized as LED lighting, Refrigeration lights, ABS (acrylonitrile butadiene styrene) piping and other products.
Objective of the IKIO Lighting IPO: The Company proposes to utilize the Net Proceeds towards funding the following objects: 1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on a consolidated basis 2. Investment in the wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh 3. General corporate purposes
IKIO Lighting Limited IPO lot size is 52 shares.
IKIO Lighting Limited IPO’s issue size is of 90,00,000 shares aggregating up to ₹606.50 crores
The allotment date of IKIO Lighting IPO is set for 16th June.
Motilal Oswal Investment Advisors Pvt Ltd is the book runner.