• Wed. Feb 21st, 2024
IKIO Lighting IPO: Day 1 issue subscribed 1.55 times;  NII, retail segment overbooked

IKIO Lighting IPO Subscription Status: The initial public offering (IPO) of IKIO Lighting Limited was subscribed 1.55 times on day 1 at 17:00 IST, according to BSE data. The public issue, which opened for subscription on Tuesday, June 6, will close on Thursday, June 8.

IKIO Lighting IPO Subscription Status: The initial public offering (IPO) of IKIO Lighting Limited was subscribed 1.55 times on day 1 at 17:00 IST, according to BSE data. The public issue, which opened for subscription on Tuesday, June 6, will close on Thursday, June 8.

On the first day of subscription, the issue received positive response from non-institutional investors (NIIs) who subscribed the issue 2.97 times. Retail investors subscribed 1.64 times of the reserved portion and qualified institutional buyers subscribed 30% of the portion.

On the first day of subscription, the issue received positive response from non-institutional investors (NIIs) who subscribed the issue 2.97 times. Retail investors subscribed 1.64 times of the reserved portion and qualified institutional buyers subscribed 30% of the portion.

As per data from BSE at 17:00 IST, the company received bids for 2,36,67,020 shares against 1,52,24,074 shares in the offer.

As per data from BSE at 17:00 IST, the company received bids for 2,36,67,020 shares against 1,52,24,074 shares in the offer.

The Qualified Institutional Buyers (QIB) segment received 42,42,592 shares in this segment’s offer for 12,81,644 shares.

The Qualified Institutional Buyers (QIB) segment received 42,42,592 shares in this segment’s offer for 12,81,644 shares.

The retail investor segment received bids for 1,26,16,136 shares against 76,87,037 shares in the offer for this category.

The retail investor segment received bids for 1,26,16,136 shares against 76,87,037 shares in the offer for this category.

The non-institutional investor segment received bids for 97,69,240 shares out of 32,94,445 in the offer for this segment.

The non-institutional investor segment received bids for 97,69,240 shares out of 32,94,445 in the offer for this category.

No subscription was received for the staff portions.

No subscription was received for the staff portions.

IKIO Lighting IPO, valued 607 crore was made through offer for sale (OFS) of up to 90 lakh shares by the promoters and fresh issue. 350 crores.

IKIO Lighting IPO, valued 607 crore was made through offer for sale (OFS) and fresh issue of up to 90 lakh shares by the promoters. 350 crores.

The price band for the IPO has been fixed From 270 285 per share.Promoters Hardeep Singh and Sumeet Kaur will participate in the OFS by selling 60 lakh and 30 lakh equity shares respectively.

The price band for the IPO has been fixed From 270 285 per share.Promoters Hardeep Singh and Sumeet Kaur will participate in the OFS by selling 60 lakh and 30 lakh equity shares respectively.

As of June 5, IKIO lighting has already been received 182 crore from anchor investors. According to information posted on BSE, the company has allotted 63.84 lakh equity shares to a total of 16 funds. 285 per share.

As of June 5, IKIO lighting has already been received 182 crore from anchor investors. According to information posted on BSE, the company has allotted 63.84 lakh equity shares to a total of 16 funds. 285 per share.

Most brokerages have given IKIO Lighting IPO a ‘Subscribe’ rating for long term due to its solid business model and reasonable pricing.

Most brokerages have given IKIO Lighting IPO a ‘Subscribe’ rating for long term because of its solid business model and reasonable pricing.

According to Mehta Equities, the IPO offer gives investors an opportunity to invest in emerging original design manufacturer (ODM) and electronics manufacturing service provider (EMS) businesses, which are well-placed to capitalize on opportunities provided by the tailwind in LED. The lighting market is partly driven by government policies for energy conservation and environmental protection.

According to Mehta Equities, the IPO offer gives investors an opportunity to invest in emerging original design manufacturer (ODM) and electronics manufacturing service provider (EMS) businesses, which are well-placed to capitalize on opportunities provided by the tailwind in LED. The lighting market is partly driven by government policies for energy conservation and environmental protection.

“Higher price band in valuation pars 285-, the issue calls for a market app 2203 crores. On annualized earnings and fully diluted post-IPO paid-up capital, IKIO is asking for a P/E price of 32 times on a pro forma consolidated basis and 47 times on consolidated restated numbers. The industry average PE is around 55 times. So considering the companies and industrial growth rationale, we recommend investors to subscribe to IKIO Lighting IPO offer with a long-term perspective. “We recommend investors allowed to book profits as market sentiment recovers if listing gains of 25 per cent or more,” the brokerage said.

“Higher price band in valuation pars 285-, the issue calls for a market app 2203 crores. On annualized earnings and fully diluted post-IPO paid-up capital, IKIO is asking for a P/E price of 32 times on a pro forma consolidated basis and 47 times on consolidated restated numbers. The industry average PE is around 55 times. So considering the companies and industrial growth rationale, we recommend investors to subscribe to IKIO Lighting IPO offer with a long-term perspective. “We recommend investors allowed to book profits as market sentiment recovers if listing gains of 25 per cent or more,” the brokerage said.

Most brokerages have given IKIO Lighting IPO a ‘Subscribe’ rating for long term due to its solid business model and reasonable pricing.

Most brokerages have given IKIO Lighting IPO a ‘Subscribe’ rating for long term due to its solid business model and reasonable pricing.

According to Mehta Equities, the IPO offer gives investors an opportunity to invest in emerging original design manufacturer (ODM) and electronics manufacturing service provider (EMS) businesses, which are well-placed to capitalize on opportunities provided by the tailwind in LED. The lighting market is partly driven by government policies for energy conservation and environmental protection.

According to Mehta Equities, the IPO offer gives investors an opportunity to invest in emerging original design manufacturer (ODM) and electronics manufacturing service provider (EMS) businesses, which are well-placed to capitalize on opportunities provided by the tailwind in LED. The lighting market is partly driven by government policies for energy conservation and environmental protection.

“Higher price band in valuation pars 285-, the issue calls for a market app 2203 crores. On annualized earnings and fully diluted post-IPO paid-up capital, IKIO is asking for a P/E price of 32 times on a pro forma consolidated basis and 47 times on consolidated restated numbers. The industry average PE is around 55 times. So considering the companies and industrial growth rationale, we recommend investors to subscribe to IKIO Lighting IPO offer with a long-term perspective. “We recommend investors allowed to book profits as market sentiment recovers if listing gains of 25 per cent or more,” the brokerage said.

“Higher price band in valuation pars 285-, the issue calls for a market app 2203 crores. On annualized earnings and fully diluted post-IPO paid-up capital, IKIO is asking for a P/E price of 32 times on a pro forma consolidated basis and 47 times on consolidated restated numbers. The industry average PE is around 55 times. So considering the companies and industrial growth rationale, we recommend investors to subscribe to IKIO Lighting IPO offer with a long-term perspective. “We recommend investors allowed to book profits as market sentiment recovers if listing gains of 25 per cent or more,” the brokerage said.

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