IKIO Lighting IPO: Subscription status, issue price, lot size, other important things to know

IKIO Lighting's IPO, to raise an estimated Rs 607 crore, was subscribed 66.3 times the shares on offer on June 8, the third and final day of the bidding process. At the end of the day, the IPO received bids for 100.9 crore shares as against the 1.5 crore shares on offer. 

Here's how different types of investors bid for the IPO on the second day:

Out of the total shares on offer under the IPO, 35 per cent are reserved for retail investors, 15 per cent for non-institutional investors (also known as high net-worth individuals) and 50 per cent for qualified institutional investors. 

EDITOR'S TAKE | Should you subscribe to IKIO Lighting IPO? What market wizard Anil Singhvi recommends

Zee Business Managing Editor Anil Singhvi recommends subscribing to the IKIO Lighting IPO for listing gains and for the long term. Read more on how Anil Singhvi views the IKIO Lighting IPO

On Monday, IKIO Lighting said it had mobilised Rs 182 crore from anchor investors ahead of its initial share sale, by allotting 63.8 lakh shares to 16 funds at Rs 285 apiece. Read more on IKIO Lighting anchor investors

Noida-based IKIO Lighting is a provider of LED lighting solutions. The IPO, comprising fresh issuance of shares and an offer for sale (OFS) by existing shareholders, will be open for two more days, on June 7 and June 8.

Potential investors can bid for the IKIO Lighting issue in a price band of Rs 270-285 apiece in multiples of 52, which translates to Rs 14,040-14,820 per lot. 

IKIO Lighting shares are set to be listed on stock exchanges BSE and NSE on June 16. 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.