IKIO Lighting IPO Details
Issue Date
--
Price Range
₹285
Lot Size
52
IPO Size
₹606.50 Cr
IKIO Lighting IPO Listing Details
Listing On
16 Jun'23
Issue Price
--
Listed Price
₹ 392.5
Retail Gain/Listing Gain
▲37.72%
Schedule of IKIO Lighting IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
16/06/2023
Company Background
Ikio Lighting Ltd. is an Indian manufacturer of Light Emitting Diode (LED) lighting solutions, focused on sustainability and providing low energy LED products to help India meet its sustainability goals. The company’s product offerings include (i) LED lighting; (ii) refrigeration lights; (iii) ABS (Arylonitrile Butadiene Styrene) piping; and (iv) other products, which are used in various industries and products, including residential, industrial and commercial lighting.
The company’s largest customer is Signify Innovations India Limited, erstwhile Philips Electronics India Limited (Signify (Philips)) and have a diversified customer base across industry sectors and geographies, including Western Refrigeration Private Limited, Panasonic Life Solutions India Private Limited and Novateur Electrical & Digital Systems Private Limited.
Ikio has earned a high customer retention rate, where in the nine months ended December 31, 2022 and in Fiscal 2022, their consolidated restated revenue from operations from their top ten customers were ₹2,068.87 million and ₹2,172.63 million, respectively, representing 85.94% and 98.80%, respectively, of their consolidated restated revenues from operations.
Competitive Strengths
Set to capture the growing LED market
Diverse product basket with focus on high-margin areas
Strong and consistent financial performance
Risk Factors
-
Majority revenue is derived from a single customer, albeit large in scale.
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Majority revenue is derived from a single product in the portfolio, which is LED lighting.
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No commitments from customers on firm and long-term volume purchases.
Key Strategies
Here are a few strategies IKIO Lighting Limited has for its business:
-
Expand into new product lines
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Expand manufacturing capacities for existing and new product lines
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Diversify customer base and expand across geographies
IKIO Lighting Limited Financials
And finally here’s a look at key financials of Ikio Lighting Limited.
How to apply for IPO through ASBA
00m 59s
IKIO Lighting IPO FAQs
The IKIO Lighting IPO opens for subscription from [-] to [-], with a total issue size of ₹606.50 Cr. The IPO price band is ₹285 to ₹0 per share with a lot size of 52. The company aims to list the shares on BSE & NSE on 16-06-2023.
The IKIO Lighting IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the IKIO Lighting IPO is 52 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the IKIO Lighting IPO has been fixed at ₹285 to ₹0 per equity share.
You can apply for the IKIO Lighting IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
IKIO Lighting IPO allotment will take place on [-].
You can check the IKIO Lighting IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
IKIO Lighting shares will list on the stock exchanges on 16-06-2023.
The Ikio Lighting Limited IPO has an issue size of Rs. 606.51 crore. The IPO opens for subscription on 6th June and ends on 8th June.
KFin Technologies Limited is the registrar for this IPO.
You can read more about Ikio Lighting Limited and its IPO from the company’s red herring prospectus (RHP) here: Ikio Lighting Limited.
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