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Spotlight on IKIO as it flips the switch on grey-market premium
Shares of Noida-headquartered IKIO Lighting (IKIO) are commanding a grey market premium of 25 per cent ahead of its Rs 607-crore initial public offering (IPO). The light-emitting diode lighting manufacturer’s maiden share sale opens on Tuesday. IKIO’s IPO is the first mainboard issue since the successful listing of Mankind Pharma last month. The pharmaceutical major’s shares had gained over 30 per cent on debut, notwithstanding a moderate response to its IPO. The price band for the issue has been set at Rs 270 to Rs 285 per share.
Shares of Noida-headquartered IKIO Lighting (IKIO) are commanding a grey market premium of 25 per cent ahead of its Rs 607-crore initial public offering (IPO). The light-emitting diode lighting manufacturer’s maiden share sale opens on Tuesday. IKIO’s IPO is the first mainboard issue since the successful listing of Mankind Pharma last month. The pharmaceutical major’s shares had gained over 30 per cent on debut, notwithstanding a moderate response to its IPO. The price band for the issue has been set at Rs 270 to Rs 285 per share.
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