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 Date | Jun 06, 2023 |
| IPO Closing Date | Jun 08, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹270 - 285 per equity share |
| Market Lot | 52 Shares |
| Min Order Quantity | 52 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹607.00 Cr |
| Fresh Issue | [.] shares (aggregating up to ₹350.00 Cr) |
| Offer for Sale | 9,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Jun 06, 2023 |
| IPO Close Date | Jun 08, 2023 |
| Basis of Allotment Date | Jun 13, 2023 |
| Initiation of Refunds | Jun 14, 2023 |
| Credit of Shares to Demat Account | Jun 15, 2023 |
| IPO Listing Date | Jun 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 52 | ₹14820 |
| Maximum | 13 | 676 | ₹192660 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| 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:
- Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on a consolidated basis
- Investment in the wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh
- 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
