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IKIO Lighting IPO Detail

IKIO Lighting IPO Detail

Incorporated in 2016, IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions. In its journey of over seven years, the entity focused on providing sustainability and low-energy LED products to help India meet its sustainability goals.

The product portfolio of IKIO can be categorized as LED lighting, Refrigeration lights, ABS (acrylonitrile butadiene styrene) piping and other products.

The company is primarily an Original Design Manufacturer (ODM). They design, develop, manufacture and supply products to customers. Thereon, the customers further distribute the products under their own brands. Alongside, they also work with the customers to develop, manufacture and supply products as designed by the customers.

The company's LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories, and components. The products are designed and created to cater to the distinct requirements and expectations of the customers.

The total revenue of IKIO Lighting Limited in the preceding financial years 2022, 2021, and 2020 was 3,339.95 million, .72 million, and 2,218.28 million, respectively.

Company Promoters

IPO Details

IPO Opening DateJun 06, 2023
IPO Closing DateJun 08, 2023
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹270 - 285 per equity share
Market Lot52 Shares
Min Order Quantity52 Shares
Listing AtBSE, NSE
Issue Size₹607.00 Cr
Fresh Issue[.] shares (aggregating up to ₹350.00 Cr)
Offer for Sale9,000,000 shares of ₹10 (aggregating up to ₹[.] Cr)
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.30x 3.09x 1.73x - 1.61x
Day 2 1.36x 16.55x 6.18x - 7.02x
Day 3 163.06x 65.38x 14.31x - 67.75x

IPO Tentative Timetable

The IKIO Lighting IPO open date is Jun 06, 2023, and the close date is Jun 08, 2023. The issue may list on Jun 16, 2023.

IPO Open DateJun 06, 2023
IPO Close DateJun 08, 2023
Basis of Allotment DateJun 13, 2023
Initiation of RefundsJun 14, 2023
Credit of Shares to Demat AccountJun 15, 2023
IPO Listing DateJun 16, 2023

IPO Lot Size

The IKIO Lighting IPO market lot size is 52 shares. A retail-individual investor can apply for up to 13 lots (676 shares or ₹192660).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 174.45 214.57 28.81
31-Mar-22 264.87 334.00 50.52
31-Dec-22 335.50 332.79 51.35

Objects of the Issue:

The Company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on a consolidated basis
  2. Investment in the wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh
  3. General corporate purposes

IKIO Lighting IPO Registrar:

KFin Technologies Limited

IKIO Lighting IPO Lead Manager(s):

Motilal Oswal Investment Advisors Pvt Ltd

Company Contact Information:

IKIO Lighting

411, Arunachal Building, 19 Barakhamba Road, Connaught Place

New Delhi

New Delhi