IKIO Lighting IPO listing today, know all the details about it
If you also invest in the stock market, then today is very important for you. Today IKIO Lighting Limited Company is going to do business in the stock market. From today the date of listing of the company's IPO was fixed.
Today is a very important day for investors investing in the stock market. Today IKIO Lighting Limited is about to enter the stock market for trading. According to the information given by the Bombay Stock Exchange, the listing of the shares of IKIO Lighting Limited will take place today.
Let us tell you that the date of listing of IKIO Lighting IPO was fixed as June 16, 2023. These shares will be placed in the B group of BSE and NSE. The listing of the shares of this company will take place today in a special pre-open session. All this information is available on the BSE website. It is believed that the shares of the company may make a big debut in both the gray market and the stock market.
Many experts believe that the stock of this company can get a profit of up to 30 percent in the stock market. This benefit will be available through public issue listing.
This time the tremendous performance of the company's IPO has been seen. Investors have invested in the IPO of the company. You will be surprised that more than 66 percent have been subscribed. Non-institutional investors have shown maximum interest in the IPO of this company. Besides these, Qualified Institutional Buyers and Retail Investors have also subscribed to the IPO of the company.
IKIO Lighting has brought an IPO this time because they have to repay their debt as well as invest in a new subsidiary. The company will use the proceeds from the IPO to pay off debt of Rs 50 crore and use Rs 212.3 crore to set up a manufacturing plant in Noida through its subsidiary. Along with this, the company aims to increase its market valuation.
