IKIO Lighting makes strong debut on bourses, rises 40% on listing day

IKIO Lighting made a strong debut on the stock exchanges on Friday. The stock was listed at Rs 392, an increase of 37.5 per cent. The stock ended the session at Rs 404.50, an increase of 41 per cent. Post listing, the stock commands a market value of Rs 3,126 crore.

IKIO Lighting’s IPO has been subscribed 66.3 times.

IKIO has priced its IPO between Rs 270 to Rs 285 per share. The IPO of Rs 607 crore was a combination of a new issue of Rs 350 crore and a sale offer of Rs 257 crore.

IKIO manufactures light-emitting diode (“LED”) lighting solutions. The company focuses on providing low power LED products.

The Company is primarily an Original Design Manufacturing (“ODM”) company that designs, develops, manufactures and supplies products to customers who also distribute them under their own brands. The company also works with its customers to develop, manufacture and supply products designed by its customers.

The company manufactures LED lights, cooling lights, and other products. Its LED lighting offerings focus on the premium sector and include lighting, fixtures, fixtures, accessories and components.

The HMA Agro IPO will open on June 19th

Buffalo meat exporter HMA Agro Industries has set a price range of Rs. 555-585 per share for Rs. IPO of Rs 480 crore. The issue opens on June 19th and closes on June 23rd. Through IPO, the company is looking to raise Rs. 150 crore in new capital, which will be used for working capital requirements.

The IPO also includes a secondary share sale worth Rs. 330 crore by the promoters. HMA Agro is a three star export company recognized by the Government of India.

First published: June 16, 2023 | 10:59 p.m ist