IKIO Lighting shares jump over 9% a day after listing

Shares of IKIO Lighting surged 9% to INR 441 in Monday’s trade on BSE, a day after the stellar debut on NSE, which got listed at INR 393, 37.71% over the issue price of INR 285. Its Rs 607 crore IPO had received a tremendous response from investors, with the issue being subscribed 67 times. The company’s consolidated revenue experienced a CAGR of 23% over FY20-22, led by the LED lighting segment, which grew at a CAGR of 24% during the same period.