Ikio Lighting's shares listed at a premium of 38% over the issue price of INR 285 and rallied further to trade at INR 404 on BSE. Analysts suggest investors hold the stock as the company has lucrative business opportunities and a consistent financial performance. They advise that the stock has higher growth potentials and suggest holding the stock for medium to long-term, keeping a stop loss of 10% below its listing price. The Rs 607 crore IPO with a fresh issue of Rs 350 crore received a tremendous response from investors and got subscribed 67 times.
