Subscribe To Our Free Newsletter |
Sebi green lights IKIO Lighting IPO
The IPO comprises fresh issue of equity shares worth Rs 350 crore and an offer for sale of 75,00,000 shares by promoters.Of the total proceeds from the fresh issue, the company plans to use Rs 50 crore to repay debt, and infuse Rs 240 crore into arm IKIO Solutions for setting up a manufacturing facility in Noida, Uttar Pradesh.