Ahmedabad: IKIO Lighting Limited, a manufacturer of Light Emitting Diode (LED) Lighting in India, has fixed the price band at Rs 270 to Rs 285 per Equity Share (of face value Rs 10 each) for its maiden public offer, the company statement said.

According to company statement, “The initial public offering (“IPO” or “Offer”) of the Company will open on Tuesday, June 06, 2023, for subscription and closes on Thursday, June 08, 2023. Investors can bid for a minimum of 52 Equity Shares and in multiples of 52 Equity Shares thereafter.”

“The Offer with a face value of Rs 10 per equity share consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 9,000,000 equity shares by existing shareholders,” the statement further added.

“Motilal Oswal Investment Advisors Limited is the sole book running lead manager and KFin Technologies Limited is the registrar to the offer. The equity shares are proposed to be listed on the Main Board of BSE and NSE,” the statement added.

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