Unbelievable! IKIO Lighting IPO Surges 66.3x on Last Day! Don't Miss Out!
The initial public offering (IPO) of IKIO Lighting has garnered an overwhelming response from investors across the board, with a remarkable 66.3-fold oversubscription of the offer size on the final day of bidding, which took place on June 8.
According to available data on exchanges, investors have submitted bids for a total of 100.92 crore equity shares, exceeding the IPO size of 1.52 crore shares.
Among the investor categories, high net-worth individuals, who are entitled to 15 percent of the IPO shares, played a significant role in providing robust support to the offering. They purchased shares at an impressive 63.35 times their allotted quota. Additionally, retail investors showed considerable interest, bidding for shares at a rate of 13.86 times the reserved portion.
Qualified institutional buyers, who hold a 50 percent reservation in the public issue, demonstrated strong demand by subscribing to shares at a remarkable 163.58 times their allotted portion.
By the end of the second day of bidding, which occurred on June 7, the IPO had already achieved a subscription level of 6.83 times.