IKIO Lighting IPO
IKIO Lighting Limited (IKIO) · mainboard IPO on NSE and BSE · Book Building. Listed on 16 June 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +43.8% (likely range +19% to +77%), day's high +58.4%, chance of a gain 95%. Actual: +37.7% at the open, +50.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 42,42,592 | 69,40,10,148 | 164x | |
| NII (HNI) total | 32,94,445 | 20,87,14,480 | 63.4x | |
| Big NII (above ₹10 lakh) | 21,96,296 | 14,68,60,324 | 66.9x | |
| Small NII (₹2-10 lakh) | 10,98,149 | 6,18,54,156 | 56.3x | |
| Retail | 76,87,037 | 10,65,64,068 | 13.9x | |
| Total | 1,52,24,074 | 1,00,92,88,696 | 66.3x |
Bids on NSE and BSE together, as published by NSE, as of 08 Jun 2023, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to IKIO Lighting's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
| FSN Ecommerce VenturesNov 2021 | 91.2x | 112x | 12.2x | 81.8x | — | +79.4% | +99.8% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| Prataap SnacksSep 2017 | 76.9x | 101x | 8.48x | 47.4x | ₹485 Cr | +35.4% | +40.6% |
| Ami OrganicsSep 2021 | 86.6x | 155x | 13.4x | 64.5x | ₹569 Cr | +49.2% | +58.5% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the IKIO Lighting IPO price band and lot size? ₹270–285 per share, with a lot of 52 shares, so the smallest retail bid is ₹14,820.
How many times has it been subscribed? 66.3x overall: QIB 164x, NII 63.4x, retail 13.9x.
How did it list? It opened at ₹392, +37.7% against the issue price of ₹285, and closed its first day +41.7%.
