IKIO Lighting's Rs 607 crore IPO was over-subscribed by 3.76 times on Day 2 as non-institutional investors led the heavy bidding. NII part was 8.01 times subscribed, whereas retail category was subscribed 3.85 times. QIB part was only subscribed 33%. The grey market premium of the company has been increasing for the past few days. The issue closes on June 8, comprising fresh equity issue of up to Rs 350 crore and an OFS of up to 90 lakh shares. IKIO Lighting has allocated 63.84 lakh equity shares at Rs 285 per share on June 5 to 14 anchor investors.
