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.
IKIO Lighting IPO Details
| IPO Date | Jun 6, 2023 to Jun 8, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹270 to ₹285 per share |
| Lot Size | 52 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 65,000,000 |
IKIO Lighting IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
IKIO Lighting IPO Timetable (Tentative)
IKIO Lighting IPO opens on Jun 6, 2023, and closes on Jun 8, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 6 June 2023 |
| Closing Date | Thursday, 8 June 2023 |
| Basis of Allotment | Tuesday, 13 June 2023 |
| Initiation of Refunds | Wednesday, 14 June 2023 |
| Credit of Shares to Demat | Thursday, 15 June 2023 |
| Listing Date | Friday, 16 June 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 8, 2023 |
IKIO Lighting IPO Lot Size
The IKIO Lighting IPO lot size is 52 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 52 | ₹14,820 |
| Retail (Max) | 13 | 676 | ₹192,660 |
| S-HNI (Min) | 14 | 728 | ₹207,480 |
| S-HNI (Max) | 67 | 3,484 | ₹992,940 |
| B-HNI (Min) | 68 | 3,536 | ₹1,007,760 |
| Lot Size Calculator |
IKIO Lighting IPO Promoter Holding
Hardeep Singh and Surmeet Kaur are the Promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 144.83 | 221.83 | 21.41 | 35.90 | 46.86 |
| 31-Mar-21 | 174.45 | 214.57 | 28.81 | 62.86 | 69.36 |
| 31-Mar-22 | 264.87 | 334.00 | 50.52 | 108.87 | 106.56 |
| 31-Dec-22 | 335.50 | 332.79 | 51.35 | 140.83 | 136.33 |
| Amount in ₹ Crore |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36 |
| ROCE | 26 |
| Debt/Equity | 1.03 |
| EPS (Rs) | 7.9 |
| RoNW (%) | 36.46 |
Check IKIO Lighting IPO Peer Comparison here.
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 Review (May apply)
[Dilip Davda] Though the LED lighting solutions segment is over-crowded, ILL still has the lion’s market share with certain products having virtual monopolies and Phillips as their biggest customer. With the expansion plans afoot the management is confident of maintaining the trends going forward. Well-informed investors may park funds for medium to long-term rewards. Read detail review…
IKIO Lighting IPO Prospectus
Company 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 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ikiolighting.ipo@kfintech.com
Website: https://karisma.kfintech.com/