Ikio Lighting IPO subscribed 66 times
The portion reserved for qualified institutional investors was subscribed 164 times, while the portion for non-institutional investors, or high-net-worth individuals, was subscribed 63 times. The retail portion was subscribed 14 times.
By ET Bureau | Updated:
iStock
Mumbai: The ₹607-crore-initial public offering (IPO) of Ikio Lighting was subscribed more than 66 times on Thursday, the final day of bidding. Bids came for 100.93 crore shares against offer size of 1.52 crore shares.
The portion reserved for qualified institutional investors was subscribed 164 times, while the portion for non-institutional investors, or high-net-worth individuals, was subscribed 63 times. The retail portion was subscribed 14 times.
The public issue, which opened on Tuesday, comprised a fresh share issue worth ₹350 crore and an offer-for-sale (OFS) of up to 90 lakh shares by the existing shareholders.
The company sold the shares in the price band of ₹270 to ₹285.
The portion reserved for qualified institutional investors was subscribed 164 times, while the portion for non-institutional investors, or high-net-worth individuals, was subscribed 63 times. The retail portion was subscribed 14 times.
The public issue, which opened on Tuesday, comprised a fresh share issue worth ₹350 crore and an offer-for-sale (OFS) of up to 90 lakh shares by the existing shareholders.
The company sold the shares in the price band of ₹270 to ₹285.
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