IKIO LIGHTING LIMITED
₹ 270 - ₹ 285
06-Jun-2023 - 08-Jun-2023
₹ 14820.00

/ 52 Shares

IKIO LIGHTING LIMITED

06-Jun-2023 - 08-Jun-2023

₹ 270 - ₹ 285

Price Band

₹ 14820.00

Minimum Investment

52

Bid Lot

21,280,701

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 143,235 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs 350 Cr + Offer for Sale of 9,000,000 Equity Shares

Category % Shares/Amount
QIB 50% 10,640,349 Shares Rs. 303.25 Cr
HNI 1 5% 1,064,036 Shares Rs. 90.98 Cr @ 1462 Forms 1x
HNI 2 10% 2,128,071 Shares Rs. 60.65 Cr @ 2923 Forms 1x
Retail 35% 7,448,246 Shares Rs. 212.28 Cr @ 143235 Forms 1x

BRLMs:Motilal Oswal Investment Advisors

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
143235 1462 2923

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 52 ₹ 14,820
Retail (Upto 2 Lakh) 13 676 ₹ 192,660
S-HNI (2 Lakh to 10 Lakh) 14 728 ₹ 207,480
S-HNI (2 Lakh to 10 Lakh) 67 3484 ₹ 992,940
B-HNI (Above 10 Lakh) 68 3536 ₹ 1,007,760

IPO Timeline

  • Open Date

    06-Jun-2023

  • Close Date

    08-Jun-2023

  • Basis of Allotment Date

    13-Jun-2023

  • Initiation of Refunds

    14-Jun-2023

  • Credit Shares to Demat A/c

    15-Jun-2023

  • IPO Listing Date

    16-Jun-2023

Subscription as on
08-Jun-2023 17:30

Category Book Size Subscription No. of Times
QIB 4,256,140 ₹ 121.30 Cr. 694,010,148 ₹ 19779.29 Cr. 163.06x
HNI (<10 LAKH) 1,064,036 ₹ 30.33 Cr. 61,852,960 ₹ 1762.81 Cr. 58.13x
HNI2 (>10 LAKH) 2,128,071 ₹ 60.65 Cr. 146,860,324 ₹ 4185.52 Cr. 69.01x
RETAIL 7,448,246 ₹ 212.28 Cr. 106,553,460 ₹ 3036.77 Cr. 14.31x
Total 14,896,493 1,009,276,892 67.75x
Category Book Size Subscription No. of Times
QIB 4,256,140 ₹ 121.30 Cr. 694,010,148 ₹ 19779.29 Cr. 163.06x
HNI (<10 LAKH) 1,064,036 ₹ 30.33 Cr. 61,852,960 ₹ 1762.81 Cr. 58.13x
HNI2 (>10 LAKH) 2,128,071 ₹ 60.65 Cr. 146,860,324 ₹ 4185.52 Cr. 69.01x
RETAIL 7,448,246 ₹ 212.28 Cr. 106,553,460 ₹ 3036.77 Cr. 14.31x
Total 14,896,493 1,009,276,892 67.75x

*Excluding Anchor

Total No. of Application Approx : ~1593126 (11.12 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • IKIO Lighting Limited (“IKIO”) was incorporated on March 21, 2016. IKIO is an Indian manufacturer of light emitting diode (“LED”) lighting solutions. They are focused on sustainability and providing low energy LED products to help India meet its sustainability goals. IKIO has a fully integrated manufacturing infrastructure, capable of producing ingenious LED lighting products.
  • As an ODM, Ikio offers their products in 4 segments: (i) LED lighting; (ii) refrigeration lights; (iii) ABS piping; and (iv) other products.
  • Company’s LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories and components. The company provides lighting solutions (lights, drivers and controls) to commercial refrigeration equipment suppliers under the refrigeration light segment. IKIO also manufactures an alternative to polyvinyl chloride (“PVC”) piping called ABS piping that is primarily used by their US customers for plumbing applications in the recreational vehicles (“RVs”) that they fit out.
  • IKIO has 4 manufacturing facilities with 1 located in the SIDCUL Haridwar industrial park in Uttarakhand and 3 in Noida in the National Capital Region.
  • As on December 31,2022, the total annual installed capacity of LED Lights was 2.06 crore pieces and Fan and Switches was 2.18 crore pieces.
  • Company’s largest customer is Signify Innovations India Ltd, erstwhile Philips Electronics India Ltd (“Signify (Philips)”). They have a diversified customer base across industry sectors and geographies which include Western Refrigeration Pvt Ltd, Panasonic Life Solutions India Pvt Ltd and Novateur Electrical & Digital Systems Pvt Ltd. In addition, they are building an international customer base, primarily in the United States.
  • They have recorded higher order bookings of ?86.21 crore as at March 31, 2022, with major orders coming from Signify (Philips).
Read More

Strengths

  • Expand into new product lines
  • Expand the manufacturing capacities for the existing and new product lines
  • Diversify the customer base and expand across geographies
  • Continue to invest in R&D and expand the ODM business
  • Continue focus on sustainability through ESG investments

Company Promoters

Hardeep Singh, is their Managing Director and Chairperson

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

Objects of the Issue

  1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on a consolidated basis
  2. Investment in the wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh
  3. General corporate purposes.

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