The IKIO Lighting IPO opened for public subscription today, i.e., Tuesday, June 6, and closes on Thursday, June 8. The auction for anchor investors ended on Monday, in which the company raised Rs 182 crore. The price band for its public issue is Rs 270-285 per equity share of Rs 10 face value. At the upper end of the price band, the company’s promoters and shareholders are looking to raise Rs 607 crore from the IPO. Ahead of the public issue, the GMP of IKIO Lighting shares rose to Rs 95 per equity share, 33% above the upper end of the share price in the offer.
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