IKIO Lighting IPO: Ahead of subscription on Tuesday, GMP surges sharply; 10 key points here
IKIO Lighting's grey market premium surged ahead of its subscriptions opening from June 6-8. The company plans to raise ₹6.07bn ($82m) through its public offer. On Monday, IKIO's IPO was available for subscriptions for anchor investors, with the GMP price ranging from ₹90 to ₹95 per share.
Indian manufacturer of light emitting diode (LED) lighting solutions, IKIO Lighting's grey market premium (GMP) on Monday zoomed sharply ahead of the opening of its subscriptions from June 6th to 8th. The company plans to raise about ₹607 crore through the public offer. IKIO is focused on sustainability and providing low-energy LED products to help India meet its sustainability goal.
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