IKIO Technologies surges as its arm signs MoU with Frontline Solutions
IKIO Technologies is currently trading at Rs. 204.95, up by 6.35 points or 3.20% from its previous closing of Rs. 198.60 on the BSE.
The scrip opened at Rs. 194.00 and has touched a high and low of Rs. 207.95 and Rs. 194.00 respectively. So far 13052 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 250.00 on 11-Sep-2025 and a 52 week low of Rs. 104.10 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 208.60 and Rs. 192.90 respectively. The current market cap of the company is Rs. 1585.80 crore.
The promoters holding in the company stood at 72.55%, while Institutions and Non-Institutions held 1.57% and 25.88% respectively.
IKIO Technologies’ step-down subsidiary -- Royalux FZCO, UAE, has entered into a Memorandum of Understanding (MoU) with Frontline Solutions, having its registered office in the Riyadh, Saudi Arabia. The MoU reflects the shared vision of the Frontline Solutions, Riyadh, Saudi Arabia, a provider of end-to-end ICT, AV, ELV, and digital business solutions across the Middle East region, and Royalux FZCO, UAE, to establish a long-term strategic partnership for delivering innovative, reliable, and premium lighting solutions across the Kingdom of Saudi Arabia.
This MoU is valid for one year from signature and renews by mutual agreement. The Parties shall collaborate in business development, client engagement, consultant coordination, BOQ review, lighting design, engineering, technical submittals, value engineering, manufacturing, supply, installation support, commissioning, warranty, training and joint marketing.
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