IKIO Lighting IPO - Check Issue Date, Price, GMP, Lot Size & Other details
IKIO Lighting Limited is an Indian manufacturer of lighting systems with light-emitting diodes (LED). The company was established in 2016. Over the course of its more than seven-year journey, the company worked on providing low-energy and sustainable LED products to support India's sustainability objectives.
LED lighting, refrigeration lights, ABS (acrylonitrile butadiene styrene) pipework and other related products are available in the portfolio of IKIO lightning.
The business primarily is an Original Design Manufacturer (ODM). They produce, develop, produce and supply goods to clients. Following that, the clients continue to market the goods under their own brands. Additionally, they work together with customers to develop, produce, and supply products that the customers have designed.
IKIO Lighting Limited had total sales of 3,339.95 million,.72 million and 2,218.28 million in the financial years 2022, 2021, and 2020, respectively. IKIO Lighting IPO Timetable
The Opening Date of the IKIO lighting IPO is Tuesday, 6 June 2023 while the closing date is Thursday, 8 June 2023. The Basis of Allotment of IKIO IPO will be on Tuesday, 13 June 2023, tentatively. The refunds will be initiated on Wednesday, 14 June 2023, tentatively.
The Credit of Shares to Demat will be on Thursday, 15 June 2023. The IPO of IKIO will be listed on Friday, 16 June 2023. IKIO Lighting IPO Details
The Face Value of IKIO Company per share is Rs 10. The IPO price per share is in the range of Rs 270 to 285 per share and Lot Size of 52 Shares. The total Issue Size will be aggregating up to Rs 607.00 Cr containing a fresh issue of Rs 350 crore and an Offer for Sale of 9,000,000 shares of ₹10 each. This IPO issue will be the Book Built Issue IPO and will be listed in NSE and BSE. Promoters Surmeet Kaur and Hardeep Singh will each sell about 30 lakh shares as part of the OFS.
The Qualified institutional buyers (QIB) quota is reserved for about 50% of the offer, while the retail investors' quota is 35% of it and the non-institutional investors’ quota is 15%.
Latest News of IKIO Lighting
IKIO Lighting received Rs 182 crore from 14 anchor investors prior to the issue's opening. On Monday, the company distributed 63.84 lakh equity shares to anchor investors for Rs 285 per share.
Primary Strengths
Government incentives and the China Plus One strategy, which will encourage the expansion of the domestic LED lighting EMS industry, are some of the key things working in the company's favour.
Additionally, the company already has a customer base that helps drive export sales. Furthermore, it has a history of working with influential business clients.
Threats and concerns
IKIO Lighting has a sizable customer base. 50% of the company's overall revenue comes from Signify, its only client.
The company depends heavily on just one product category, LED lighting, which accounts for almost 87% of total revenue.
Additionally, a lot of the raw materials used by IKIO are imported from China, Singapore, Hong Kong, and Taiwan. Any limitations on this front might be detrimental to the company's operations.
Financial Results
Over the course of FY20-22, total revenue increased at a CAGR of 23%, driven primarily by the LED lighting segment's 24% CAGR growth.
On a proforma consolidated basis, the company's revenue from operations increased by 55% annually to Rs 331 crore in FY22, and its profit after tax increased by 75% annually to Rs 50.5 crore during that time.
IKIO Lighting IPO: Dates: 6 - 8 Jun 2023
Price Band: 270 - 280 Per Share
Lot Size: 52 Shares
IPO Size: 607 Crs
Retail Quota: 50%
Date of Allotment: 14th Jun 2023
Date of Listing: 16th Jun 2023
Gmp: 35% of issue price (Only for info) Link for checking Allotment 👇 https://ris.kfintech.com/ipostatus/
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