IKIO Lighting IPO Details
- Open Date 06-Jun-23
- Close Date 08-Jun-23
- Lot Size 52
- IPO Size ₹ 607 Cr
- IPO Price Range ₹ 270 to ₹ 285 per share
- Min Investment ₹ 14040
- Listing Exchange NSE, BSE
- Basis of Allotment 13-Jun-23
- Refunds 14-Jun-23
- Credit to Demat Account 15-Jun-23
- Listing Date 16-Jun-23
IKIO Lighting IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 6 June'23 | 0.30 | 3.09 | 1.73 | 1.61 |
| 7 June'23 | 1.36 | 16.55 | 6.18 | 7.02 |
| 8 June'23 | 163.06 | 65.38 | 14.31 | 67.75 |
IKIO Lighting IPO Synopsis
IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions its IPO opens on 6th June and closes on 8th June.
The issue consists of a fresh issue of 90,00,000 shares aggregating up to ₹606.50 crores. The price band for the issue is fixed at Rs.270 to Rs. 285 per share. The lot size is set for 52 shares per lot. The shares will be allotted on the 13th of June and the issue will be listed on the 16th of June on the stock exchanges.
The book-running lead manager to the offer is Motilal Oswal Investment Advisors Pvt Ltd.
Objectives of IKIO Lighting IPO
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 Video:
About IKIO Lighting
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.
Peer Comparison
● Dixon Technologies (India) Limited
● Amber Enterprises India Limited
● Syrma SGS Technology Limited
● Elin Electronics Limited
For More Information:
IKIO Lighting IPO GMP
Webstory on IKIO Lighting IPO
IKIO Lighting Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 2,198.95 | 1,596.63 | 1,406.48 |
| EBITDA | 401.50 | 302.82 | 263.37 |
| PAT | 280.10 | 205.80 | 159.93 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 1,126.07 | 741.01 | 509.80 |
| Share Capital | 250 | 0.50 | 0.50 |
| Total Borrowings | 161.61 | 49.60 | 77.77 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | (52.53) | (0.49) | 132.10 |
| Net cash from / (used in) investing activities | (45.56) | (29.89) | (38.78) |
| Net cash flow from / (used in) financing activities | 102.66 | (33.73) | (46.38) |
| Net increase (decrease) in cash and cash equivalents | 4.57 | (64.11) | 46.95 |
Peer Comparison
There are no listed companies in India that engage in a business similar to that of the company.
IKIO Lighting IPO Key Points
-
Strengths
a) Poised to capture growth of LED market
b) Diverse product basket with focus on high-margin areas
c) Long-term relationships with leading industry customers
-
Risks
a) The company is dependent on, and derives a substantial portion of its revenue from, a single customer, Signify Innovations India Limited, erstwhile Philips India, and over 85% of its revenue is derived from its top twenty customers.
b) The company has not received firm and long-term volume purchase commitments from its customer
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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IKIO Lighting IPO FAQs
What is the minimum lot size for the IKIO Lighting IPO?
The minimum lot size of IKIO Lighting IPO is 52 shares.
What is the price band of IKIO Lighting IPO?
The price band of IKIO Lighting IPO is Rs.270 to Rs. 285 per share.
When does the IKIO Lighting IPO opens and closes?
The IKIO Lighting IPO opens on June 6, 2023 and closes on June 8, 2023.
What is the size of the IKIO Lighting IPO?
The IKIO Lighting IPO comprises of a total issue of 90,00,000 shares aggregating up to ₹606.50 crores.
What is the allotment date of IKIO Lighting IPO?
The allotment date of IKIO Lighting IPO is 13th June 2023.
What is the IKIO Lighting IPO listing date?
The listing date of IKIO Lighting IPO is 16th June 2023.
Who are the book runners for IKIO Lighting IPO?
Motilal Oswal Investment Advisors Pvt Ltd is the book runner of IKIO Lighting IPO.
What is the objective 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
How to apply for the IKIO Lighting IPO?
To apply for the IKIO Lighting IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of IKIO Lighting IPO
Contact Information
IKIO Lighting Limited
411, Arunachal Building,
19 Barakhamba Road, Connaught Place,
New Delhi – 110 001
Phone: +91 120 – 4116186
Email: secretarial@ikiolighting.com
Website: http://www.ikio.in/
IKIO Lighting IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ikiolighting.ipo@kfintech.com
Website: https://karisma.kfintech.com/
IKIO Lighting IPO Lead Manager
Motilal Oswal Investment Advisors Pvt Ltd.