IKIO Lighting IPO GMP: After finalizing the share allotment, the allottees and market observers are eagerly anticipating the listing date for IKIO Lighting’s IPO, which is expected to be on June 16th, 2024. The grey market has shown a bullish trend towards the shares of IKIO Lighting prior to their debut on Dalal Street. Market observers have reported that the current grey market price for a share of IKIO Lighting is at a premium of ₹114, indicating that the grey market premium (GMP) for IKIO Lighting’s IPO today is ₹114, which is ₹15 higher than its Wednesday GMP of ₹99 per share. The increase in IKIO Lighting’s IPO GMP can be attributed to two key factors – a reversal in trend in the Indian stock market and strong global sentiments.
According to reports, the Indian stock market is predicted to maintain its upward trend following the recent decision by the US Fed to pause rates. This has led to an optimistic outlook in the grey market for the upcoming IKIO Lighting IPO, with expectations of a premium of at least ₹100 per share on listing day, even in times of low market sentiment. Currently, the grey market price for IKIO Lighting stands at around Rs 50, with a GMP (grey market premium) applicable for June 2. The IPO for this significant company is scheduled to open on June 6, and eligible shareholders may choose to trade shares in the Grey Market before it is listed. This presents investors with potential opportunities for smart investments.
IKIO Lighting IPO GMP Date 2024
The GMP for this IPO is expected to undergo changes in the upcoming days. With the current GMP rate of the IKIO Lighting IPO, it’s predicted that the shares will be listed at a profitable rate. Market conditions may cause fluctuations in the price. As an investor, it’s essential to exercise caution and consider all relevant factors before making any investment decisions. At present, the prevailing GMP rate suggests that this significant IPO will generate profits upon listing. However, it’s crucial to note that share prices are subject to variations based on market trends, GMP rates, and other significant factors. The RHP of IKIO Lighting has mentioned that the share price ranges between Rs 270 to Rs 285, with a fresh issue size of Rs 3500 million.
To access this document, please visit the SEBI authorized website. It was added on May 30th and contains information on the face value of IKIO Lighting shares, which is Rs 10 per share. The highly anticipated IKIO Lighting IPO will be listed on both the BSE and NSE exchanges. The IPO is scheduled to open on June 6th and close on June 8th, with investors being able to purchase shares through various available platforms following the listing. The retail quota for this IPO is set at 35%, and all relevant details can be found in the filed draft offer document and RHP, including Acknowledge slip, Allotment Advice, Anchor Investor, Anchor Investor Bidding Rate, Bid Amount, Bidding Centres, offer closing date, Cut-off Price, Mutual Fund Portion, offer for sale, offer price, price band, registered brokers and financial data among others.
IKIO Lighting IPO GMP 2024 Details
| Company Name | IKIO Lighting Limited |
| IPO Price | Rs 270 to Rs 285 per share |
| Face Value | Rs 10 each [equity shares] |
| Lot Size | 52 shares |
| Offer for Sale Size | Up to 9,000,000 equity shares [aggregating up to million] |
| Category | News |
| Official Website | Click Here |
| Opening Date | June 6 |
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What this GMP mean?
According to market analysts, the current grey market premium (GMP) for the IKIO Lighting IPO is ₹114. This suggests that the unlisted stock market anticipates a potential listing price of around ₹399 per share, indicating an anticipated premium of approximately 40% upon its expected listing date of June 16th, 2024. The grey market’s signals suggest that investors who have been allotted shares in the IPO may expect a significant listing premium on Friday, which is the likely listing date. However, it should be noted that experts in the stock market caution against taking the grey market premium too seriously since it is unregulated and purely speculative.
Investors were advised to carefully scrutinize the financials of the company to gain a clear understanding of its business model and other fundamental aspects. The experts cautioned that Gross Merchandise Premium (GMP) may not always be an accurate indicator as it also includes those with high stakes in the public issue. During June 6-8, IKIO Lighting successfully raised about Rs 607 crore from its initial stake sale, offering equity shares in lots of 52 at a price band of Rs 270-285 per share. The impressive response from investors during the three-day bidding process indicates an optimistic future for the company. Based on this overwhelming demand and current grey market premium, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart suggests that we can expect an increase of around 30-35 per cent upon listing. Furthermore, considering the current performance and growth potential of the company, this anticipated gain appears justified.
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IKIO Lighting IPO Lot Size
The subscription for IKIO Lighting exceeded expectations, with an overall subscription rate of more than 66.30 times. The qualified institutional bidders’ portion was in high demand and booked 163.68 times, while the non-institutional investors’ category was subscribed 63.35 times. Retail investors also showed interest, subscribing to the quota reserved for them 13.86 times. IKIO Lighting, established in 2016 and based in Noida, specializes in manufacturing LED lighting solutions as an original design manufacturer (ODM). Their LED lighting products cater primarily to the premium segment.
Investors must purchase a minimum of 52 shares for this noteworthy IPO. This translates to a minimum investment amount of Rs 14,820, calculated at the current share price of Rs 285. The IPO’s allotment date is scheduled for June 13, and refunds will be processed on June 14th after the allocation process is finalized.
| Lot Size | 52 |
| Retail Minimum | 52 shares [Rs 14,820] |
| Retail Maximum | 676 shares [Rs 192,660] |
| Open and Closing Dates | June 6 and June 8 |
| Listing Date | June 16 |
As a result, the transfer of IKIO shares to the Demat accounts is scheduled for June 15th, followed by their listing on June 16th. Investors may obtain these particulars either from their brokers or by accessing the company’s website.
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IKIO Lighting IPO GMP Prediction
Hardeep Singh and Surmeet Kaur are the selling shareholders, and their details can be found in the draft offer document. The weightage average cost of acquisition per equity share for both promoters stands at 0.01. Hardeep is offering up to 6,000,000 Equity Shares that aggregate up to million, while Surmeet is offering up to 1,500,000 Equity Shares that aggregate up to Rs million. The company boasts of experienced promoters and management. Due to the increased demand for efficient lighting, IKIO Lighting has shown strong growth in the LED market. The GMP is expected to increase in the coming days; however, the price of IKIO’s stock is heavily influenced by its demand and supply.
IKIO Lighting is preparing for its first appearance on Dalal Street this coming Friday, and the company seems poised to have a powerful start based on reports from the grey market. Ahead of its official listing, the company’s shares are currently trading at a substantial premium in the official market. The most recent update shows that IKIO Lighting’s shares are being sold at a premium of Rs 105-110 per share in the grey market, indicating a potential increase of approximately 40% over its issue price of Rs 285 per share.
Sources suggest that the grey market premium has risen from Rs 90-95 as buzz around grey market activity has grown. Experts who follow grey markets anticipate that IKIO Lighting will experience a significant surge in value for investors during its listing, given that the number of grey market transactions has increased since share allotment was finalized. Investors are hoping to make a quick profit from this listing on Friday.
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Conclusion
In this conclusion, Anticipated modifications to the GMP of the IKIO Lighting IPO are expected in the near future. Based on the current GMP rate, it is anticipated that the shares will be listed at a profitable rate. It is important for investors to exercise caution and carefully consider all relevant factors before making any investment decisions, as market conditions may cause fluctuations in price. At this time, the prevailing GMP rate suggests that this significant IPO will yield profits upon listing. However, it is crucial to note that share prices can vary based on market trends, GMP rates, and other significant factors. According to the RHP of IKIO Lighting, the share price ranges from Rs 270 to Rs 285, with a fresh issue size of Rs 3500 million.
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IKIO Lighting IPO GMP FAQ’S
What is the GMP of IKIO Lighting?
According to market sources, the grey market premium (GMP) of IKIO Lighting is around Rs 96-99, down marginally from a few days ago.
What is good GMP in IPO?
Grey market premium or GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges. For instance, LIC fixes its IPO price at Rs 90 per share and its IPO GMP is 50, then the organisation will get listed at Rs 140.90.
What is grey market premium?
However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.
Should GMP of IPO be high or low?
If the subscription numbers for a particular IPO are less than the number of shares they have offered in the IPO, then the GMP will be lower. On the other hand, if the subscribers are higher than the number of shares they have offered in the IPO, the GMP will be higher.