Wednesday, Jul 17 2024 | Time 17:57 Hrs(IST)
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Business Economy


IKIO Lighting Ltd’s IPO to open on 6 June

Mumbai, Jun 1 (UNI) IKIO Lighting Limited, a manufacturer of light emitting diode (LED) lighting in India, announced on Thursday that its initial public offering will open on 6 June (Tuesday) for subscription to raise over Rs 607 crore.
The company has fixed the price band of its maiden public offer in the price band of Rs 270 to Rs 285 per equity share, a press release stated here .
It proposes to utilise the proceeds from the fresh issuance for debt payment, investment in its wholly-owned subsidiary IKIO Solutions and for general corporate purposes.
The public offer will close on 8 June (Thursday), the release added.
UNI JM SS 2158
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