IKIO Lighting IPO

IKIO Lighting IPO will open for subscription from 06 June 2023. the company aims for an issue size of ₹607 through this IPO.

Company Overview

Full nameIKIO Lighting Limited
IndustryElectronics – Components
Company Websitehttps://www.ikio.in/

About Company

The company is a manufacturer of light emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and design, develop, manufacture and supply products to customers who then further distribute these products under their own brands. IKIO Lighting’s products are categorized as (i) LED lighting; (ii) refrigeration lights; (iii) ABS (acrylonitrile butadiene styrene) piping; and (iv) other products.

It provides lighting solutions (lights, drivers and controls) to commercial refrigeration equipment suppliers under its refrigeration light segment. The company also manufactures an alternative to polyvinyl chloride (PVC) piping called ABS piping that is primarily used by its US customers for plumbing applications in the recreational vehicles (RVs) that they fit out.

IKIO Lighting’s largest customer is Signify Innovations India Limited, erstwhile Philips Electronics India which had a 50% market share in India’s functional decorative lighting category (including LED spotlights, LED downlights and cove lights). In addition to Signify (Philips), it has a diversified customer base across all other product segments across industry sectors and geographies which include Western Refrigeration Private Limited, Panasonic Life Solutions India Private Limited and Novateur Electrical & Digital Systems Private Limited.

The Objective of the Issue

  • 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.

IPO Timetable

IPO Opening date06 June 2023
IPO Closing08 June 2023
Basis of Allotment13 June 2023
Initiation Refund14 June 2023
Credit to Demat Account15 June 2023
Listing Date16 June 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹593 – ₹606.5 crores
Fresh Issue₹350 crores
Offer for sale₹243 – ₹256.5 crores
Face value₹10 per share
Price Band₹270 to ₹285 per share
Lot size52 Shares
Retail Allocation35%
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)152₹14,820
Retail (Max)13676₹192,660
S-HNI (Min)14728₹207,480
S-HNI (Max)673,484₹992,940
B-HNI (Min)683,536₹1,007,760

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 20229M FY 2023
Net income1620.5828.0134.58
Margin (%)11.3812.8912.7414.37
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio
RONW (%)59.6345.8346.40
ROCE (%)37.6131.1333.07
EBITDA (%)16.9422.4023.30

Company Promoters

  • Hardeep Singh
  • Surmeet Kaur

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

  • Motilal Oswal Investment Advisors Pvt Ltd

IPO Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
 +91 4067162222/18003094001

Contact Details

D–234, Sector 63,
Noida-201301, Uttar Pradesh
Phone: +91 120 – 4116186
Email: secretarial@ikiolighting.com
Website: www.ikio.in

Allotment Status

IKIO Lighting IPO allotment will be available on KFin Tech website. Click on this link to get allotment status.

Final thoughts

IKIO Lighting IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *