IKIO Lighting IPO itemizing date: Shares of IKIO Lighting Ltd are going hit Indian inventory market at this time as IKIO Lighting IPO itemizing date has been mounted on sixteenth June 2023 i.e. at this time. As per teh data out there on BSE, the fairness shares of IKIO Lighting Restricted shall be listed and admitted to dealings on the BSE and NSE within the record of ‘B’ group of securities. IKIO Lighting share worth itemizing will happen in a particular pre-open session on Friday, sixteenth June 2023, data out there on the BSE web site additional added. Nevertheless, forward of the IKIO Lighting IPO itemizing, each gray market and inventory market consultants are hinting about ‘fancy’ debut of IKIO Lighting shares on Dalal Road.
In keeping with market observers, shares of IKIO Lighting Ltd can be found within the gray market at a premium of ₹95, whereas inventory market consultants predict round 30 per cent itemizing acquire from the general public subject itemizing. They stated that IKIO Lighting share worth might open round ₹380 apiece ranges when it lists on BSE and NSE at this time.
What inventory market consultants predict?
Talking on IKIO Lighting IPO itemizing, Abhay Doshi, Founder at UnlistedArena.com stated, “The IKIO Lighting IPO received a good response from buyers throughout all classes. First rate margins and progress in its financials had efficiently captured buyers’ curiosity. The broader market situations are additionally beneficial because the market nears all-time excessive ranges.” The unlisted inventory skilled went on so as to add that above indicators alerts ‘fancy’ itemizing of IKIO Lighting shares and anticipating round 30 per cent itemizing acquire for the allottees on IKIO Lighting IPO itemizing date.
On IKIO Lighting worth prediction, Vaibhav Kaushik, Analysis Analyst at GCL Broking stated, “The general public subject might record round ₹380 per share ranges as market sentiments have gone down after the US Fed’s hawkish commentary on rate of interest hike. Nevertheless, small-cap and mid-cap indices have witnessed shopping for curiosity regardless of weak spot in key benchmark indices. So, in case there may be sturdy market opening at this time, then in that case we might count on IKIO Lighting share worth to open at ₹400 or above ₹400 per fairness share ranges.”
Anticipating as much as 35 per cent itemizing acquire from the IKIO Lighting IPO, Anubhuti Mishra, Fairness Analysis Analyst at Swastika Investmart stated, “Contemplating the overwhelming response the IKIO IPO acquired and its present gray market premium, we are able to count on an upside itemizing at round 30–35%, and the corporate’s present efficiency and progress potential justify this acquire. Secondly, its sturdy give attention to R&D and backward integration, its well-established relationship with shoppers, and its constant monetary efficiency are additionally some explanation why this IPO is attracting such demand.”
What IKIO Lighting IPO GMP alerts?
In keeping with market observers, IKIO Lighting IPO gray market premium (GMP) at this time is ₹95, which implies gray market is anticipating that IKIO Lighting IPO itemizing worth can be round ₹380 ( ₹285 + ₹95), which is round 33 per cent greater from IKIO Lighting IPO worth band of ₹270 to ₹285 per fairness share.
Disclaimer: The views and suggestions given on this article are these of particular person analysts. These don’t symbolize the views of Mint. We advise buyers to verify with licensed consultants earlier than taking any funding selections.
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Up to date: 16 Jun 2023, 06:41 AM IST
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