IKIO Lighting Limited, Founded in 2016, stands as an Indian manufacturer specializing in LED lighting solutions. Over its seven-year journey, the company has been dedicated to delivering sustainable and energy-efficient LED products, aligning with India’s sustainability objectives.
IKIO’s product lineup encompasses LED lighting, Refrigeration lights, ABS (acrylonitrile butadiene styrene) piping, and other offerings.
The company primarily operates as an Original Design Manufacturer (ODM), engaging in the design, development, manufacturing, and supply of products to clients. These products are subsequently distributed under the clients’ brands. Moreover, IKIO collaborates with customers to bring their envisioned products to life.
IKIO’s LED lighting solutions cater to the premium segment, encompassing lighting, fittings, fixtures, accessories, and components. Each product is meticulously crafted to meet the unique requirements and preferences of discerning customers.
In terms of financial performance, IKIO Lighting Limited recorded total revenues of ₹3,339.95 million, ₹.72 million, and ₹2,218.28 million in the fiscal years 2022, 2021, and 2020 respectively.
Stock Quote #
- Open: ₹384.85
- High – Low: ₹385.10 – ₹370.05
- Previous Close: ₹382.70
- Total Traded Value: 5,13,335
- 52 Weeks High: ₹477.00 (Jun 23, 2023)
- 52 Weeks Low: ₹370.05 (Aug 11, 2023)
- Updated On: Aug 11, 2023 4:00 PM
IPO Details #
It is a Book Built Issue. The IPO total issue size is Rs 606.50 Cr. The IKIO Lighting IPO price is ₹270 to ₹285 per share. The IPO will list on BSE, NSE.
| IPO Date | Jun 6, 2023 to Jun 8, 2023 |
| Listing Date | Jun 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹270 to ₹285 per share |
| Lot Size | 52 Shares |
| Total Issue Size | 21,280,701 shares (aggregating up to ₹606.50 Cr) |
| Fresh Issue | 12,280,701 shares (aggregating up to ₹350.00 Cr) |
| Offer for Sale | 9,000,000 shares of ₹10 (aggregating up to ₹256.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 65,000,000 |
| Share holding post issue | 77,280,701 |
IPO Reservation #
A total of 21,280,702 shares are offered. QIB: 4,256,140 (20.00%), RII: 7,448,246 (35.00%), NII: 3,192,107 (15.00%).
| Anchor Investor Shares Offered | 6,384,209 (30.00%) |
| QIB Shares Offered | 4,256,140 (20.00%) |
| NII (HNI) Shares Offered | 3,192,107 (15.00%) |
| Retail Shares Offered | 7,448,246 (35.00%) |
| Total Shares Offered | 21,280,702 (100%) |
IPO Anchor Investors Details #
It raises Rs 181.95 crore from anchor investors. IKIO Lighting IPO Anchor bid date is Jun 5, 2023. IKIO Lighting IPO Anchor Investors list
| Bid Date | Jun 5, 2023 |
| Shares Offered | 6,384,209 |
| Anchor Portion Size (In Cr.) | 181.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | Jul 26, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Oct 23, 2023 |
IKIO Lighting IPO Timetable (Tentative) #
IKIO Lighting IPO opens on Jun 6, 2023, and closes on Jun 8, 2023.
| IPO Open Date | Tuesday, 6 June 2023 |
| IPO Close 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 minimum lot size of this IKIO Lighting IPO is 52 shares required is ₹14,820.
| 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 | 72.46% |
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 #
IKIO Lighting IPO Market Cap is Rs 2202.5 Cr and P/E (x) is 32.13.
| KPI | Values |
|---|---|
| P/E (x) | 32.13 |
| Market Cap (₹ Cr.) | 2202.5 |
| ROE | 36.00% |
| ROCE | 26.00% |
| Debt/Equity | 1.03 |
| EPS (Rs) | 7.9 |
| RoNW | 36.46% |
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 Subscription Status (Bidding Detail) #
The IKIO Lighting IPO is subscribed 67.75 times on Jun 8, 2023 7:02:00 PM. The public issue subscribed 14.31 times in the retail category, 163.06 times in the QIB category, and 65.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 163.06 |
| NII | 65.38 |
| bNII (bids above ₹10L) | 69.01 |
| sNII (bids below ₹10L) | 58.13 |
| Retail | 14.31 |
| Total | 67.75 |
Total Application : 1,633,854 (11.41 times)
IKIO Lighting IPO Prospectus #
- › IKIO Lighting IPO DRHP
- › IKIO Lighting IPO RHP
- › Anchor Investors in IKIO Lighting IPO
IKIO Lighting IPO Listing Details #
| Listing Date | Jun 16, 2023 |
| BSE Script Code | 543923 |
| NSE Symbol | IKIO |
| ISIN | INE0LOJ01019 |
| Final Issue Price | ₹285 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹285.00 |
| ₹391.00 |
| ₹391.00 |
| ₹427.40 |
| ₹403.75 |
| NSE |
|---|
| ₹285.00 |
| ₹392.50 |
| ₹392.00 |
| ₹427.50 |
| ₹403.85 |
Company Contact Information #
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 #
Phone: 04067162222, 04079611000
Email: ikiolighting.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IKIO Lighting IPO Lead Manager(s) #
FAQs #
What is the issue size of the IKIO Lighting IPO? #
The IPO comprises an Offer for Sale of 9,000,000 shares of ₹10 each, aggregating up to ₹256.50 Crores.
How many equity shares are being offered in the IKIO Lighting IPO? #
The IKIO Lighting IPO is a public issue of 21,280,702 equity shares. This includes 7,448,246 shares for retail investors and 4,256,140 shares for qualified investors.
Where will the IKIO Lighting IPO be listed? #
The equity shares of IKIO Lighting IPO are proposed to be listed on the Main Board of the BSE Limited (BSE) and the National Stock Exchange (NSE).
Where can I check the IKIO Lighting IPO allotment status? #
You can check the IPO allotment status on BSE and other relevant platforms.
Please note that this information is based on the data available as of now and may be subject to change.
