IKIO Lighting Limited, an Indian producer of light emitting diode (LED) lighting, announced on Thursday that the subscription period for its initial public offering will begin on Tuesday, June 6, in order to raise more than Rs 607 crore.
According to a press release, the company set the price range for its initial public offering at between Rs 270 and Rs 285 per equity share.
It plans to use the money raised from the new issuance to pay off debt, invest in its wholly-owned subsidiary IKIO Solutions, and for other general business needs.
According to the press release, the public offer will expire on June 8 (Thursday).
