IKIO Lighting shares are expected to receive a premium of 35% upon its listing on Friday as per market sources. The grey market premium (GMP) has dropped slightly to Rs 96-99, however, it is important to note that GMP is subject to constant change and does not guarantee actual market performance. IKIO Lighting's IPO was oversubscribed by 66.7 times, with strong bids across different segments. The company plans to use the net proceeds from the public offer to repay debts, invest in its subsidiary, and for general corporate purposes.
