IKIO Lighting, which had an initial public offering (IPO) worth Rs 607 crore ($81.2 million), has received a healthy response from investors. The IPO was subscribed 397 times with bids for 100,92,76,892 shares against 1,52,24,074 shares on offer. The qualified institutional buyers (QIBs) category was subscribed 163.58 times, accompanied by non-institutional investors with 63.35 times, and the retail investors' quota recording a 13.86 times subscription. The net proceeds from the public offering will be used to repay borrowings, invest in its subsidiary, IKIO Solutions, and other corporate purposes.