Shares of IKIO Lighting (IKIO Lighting Share) have made a bang on the stock market on Friday after the recent IPO. The company’s shares are listed on BSE and NSE with a premium of around 38 per cent. In this way, Ikeo Lighting has made huge money to its investors as soon as it entered the market.
started on such a note
IKIO Lighting’s stock was listed on BSE and NSE at 10 am on Friday (IKIO Lighting Listing). With this, regular trading of its shares has started in the stock market. Its stock was listed on BSE at Rs 391 with a premium of 37.19 per cent. On the other hand, it started at Rs 392.5 on the NSE with a gain of 37.71 per cent.
The company’s GMP was excellent
Before the listing on the stock exchange, it seemed from the response received in the gray market that the shares of Ikeo Lighting can get off to a good start. Just before the listing in the market, its gray market premium was around Rs 100 and it was trading near Rs 385, a gain of 35 per cent compared to the issue price. At one time its GMP had reached up to Rs 120-125.
Raised so many crores from IPO
IKIO Lighting has managed to raise around Rs 607 crore through this IPO. This IPO was opened for subscription on 6th June and bids were made till 8th June. The company had fixed the price band of the upcoming IPO at Rs 270-285. It had 52 shares in one lot. This means that for one lot the investor had to shell out Rs 14,820.
profit of thousands on each lot
On the other hand, if you look at the listing, there is a profit of Rs 106-107 on each share. In this way, the investor who would have been allotted one lot in IKIO Lighting’s IPO has made a profit of Rs 5,590 as soon as it started. From this point of view, this IPO of the lighting company has been very successful.
Bumper response was received in the market
This IPO got a great response in the market. It was subscribed overall 66.30 times. The maximum subscription of 163.68 times was received by the qualified institutional investors. At the same time, the portion of non-institutional investors was subscribed 63.35 times and the portion of retail investors was subscribed 13.86 times.
This company works
Ikeo Lighting is a Noida based company, founded in the year 2016. This company manufactures LED lighting solutions. The company is primarily an original design manufacturer. The company’s LED lighting products remain focused on the premium segment.
read this also: All Adani shares started with gains, AdaniEnt and ATGL continued to gain
