IKIO Lighting IPO listing date today. GMP, stock market experts signal 'fancy' debut of shares

Jun 16 2023 06:41 AM IST
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IKIO Lighting IPO listing date has been fixed on 16th June 2023 i.e. today. Grey market and stock market experts are expecting around 30 per cent listing gain from the public issue listing. They said that may open around 380 apiece levels when it lists on BSE and NSE today.

Shares of IKIO Lighting Ltd are going hit today as IKIO Lighting IPO listing date has been fixed on 16th June 2023 i.e. today. As per teh information available on BSE, the equity shares of IKIO Lighting Limited shall be listed and admitted to dealings on the BSE and NSE in the list of ‘B’ group of securities. IKIO Lighting share price listing will take place in a special pre-open session on Friday, 16th June 2023, information available on the BSE website further added. However, ahead of the IKIO Lighting IPO listing, both grey market and stock market experts are hinting about ‘fancy’ debut of IKIO Lighting shares on Dalal Street. According to market observers, shares of IKIO Lighting Ltd are available in the grey market at a premium of 95, whereas stock market experts are expecting around 30 per cent listing gain from the public issue listing. They said that may open around 380 apiece levels when it lists on BSE and NSE today. What stock market experts predict?Speaking on IKIO Lighting IPO listing, Abhay Doshi, Founder at UnlistedArena.com said, “The IKIO Lighting IPO got a decent response from investors across all categories. Decent margins and growth in its financials had successfully captured investors’ interest. The broader market conditions are also favourable as the market nears all-time high levels.” The unlisted stock expert went on to add that above indicators signals ‘fancy’ listing of IKIO Lighting shares and expecting around 30 per cent listing gain for the allottees on IKIO Lighting IPO listing date. On IKIO Lighting price prediction, Vaibhav Kaushik, Research Analyst at GCL Broking said, “The public issue may list around 380 per share levels as market sentiments have gone down after the US Fed’s hawkish commentary on interest rate hike. However, small-cap and mid-cap indices have witnessed buying interest despite weakness in key benchmark indices. So, in case there is strong market opening today, then in that case we may expect IKIO Lighting share price to open at 400 or above 400 per equity share levels.” Expecting up to 35 per cent listing gain from the IKIO Lighting IPO, Anubhuti Mishra, Equity Research Analyst at Swastika Investmart said, “Considering the overwhelming response the IKIO IPO received and its current grey market premium, we can expect an upside listing at around 30–35%, and the company’s current performance and growth potential justify this gain. Secondly, its strong focus on R&D and backward integration, its well-established relationship with clients, and its consistent financial performance are also some reasons why this IPO is attracting such demand.” What IKIO Lighting IPO GMP signals?According to market observers, IKIO Lighting IPO grey market premium (GMP) today is 95, which means grey market is expecting that IKIO Lighting IPO listing price would be around 380 ( 285 + 95), which is around 33 per cent higher from IKIO Lighting IPO price band of 270 to 285 per equity share.

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