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 name | IKIO Lighting Limited |
| Sector | Electricals |
| Industry | Electronics – Components |
| Company Website | https://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 date | 06 June 2023 |
| IPO Closing | 08 June 2023 |
| Basis of Allotment | 13 June 2023 |
| Initiation Refund | 14 June 2023 |
| Credit to Demat Account | 15 June 2023 |
| Listing Date | 16 June 2023 |
IPO details
| Issue type | Book 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 size | 52 Shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| 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 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M FY 2023 | |
| Revenue | 140.65 | 159.66 | 219.90 | 240.72 |
| Expenses | 118.65 | 132.40 | 182.73 | 196.66 |
| Net income | 16 | 20.58 | 28.01 | 34.58 |
| Margin (%) | 11.38 | 12.89 | 12.74 | 14.37 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 3.29 | 4.43 | 7.77 |
| PE ratio | – | – | – |
| RONW (%) | 59.63 | 45.83 | 46.40 |
| NAV | – | – | 16.75 |
| ROCE (%) | 37.61 | 31.13 | 33.07 |
| EBITDA (%) | 16.94 | 22.40 | 23.30 |
| Debt/Equity | 1.47 | 1.58 | 0.17 |
Company Promoters
- Hardeep Singh
- Surmeet Kaur
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Motilal Oswal Investment Advisors Pvt Ltd
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 4067162222/18003094001
Email: ikiolighting.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
IKIO LIGHTING LIMITED
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
