03-Jun-2023
2 mins read
The Initial Public Offering (IPO) for IKIO Lighting has been scheduled. It is set to commence on June 6 and conclude on June 8, 2023. The company aims to amass approximately Rs 606.5 crores through the IPO. This sum consists of a fresh issue worth Rs 350 crores and an offer for sale of up to 9,000,000 equity shares, each priced at Rs 10. The allocation of shares will be segmented, with 35% set aside for retail investors, 50% for Qualified Institutional Buyers (QIBs), and the remaining 15% for High Networth Individuals (HNIs).
IKIO Lighting Product Portfolio
IKIO Lighting Limited, a recognized Original Design Manufacturer (ODM), stands out in the Indian market as a leading provider of comprehensive solutions for LED lighting, switches, and RV components. They have established themselves as global manufacturers and purveyors of Lighting, Energy-efficient Products, and Hardware Components.
The company provides an all-encompassing array of solutions, from LED Lighting and Electronics to Refrigeration Lighting, Hardware, and RV Components. Their commitment to quality and safety is showcased through their accreditations, such as ISO 9001, ISO 14001, ISO 18001, and OHSAS.
With a diverse product portfolio, IKIO Lighting Limited has devised solutions that cater to commercial, industrial, and residential sectors. Their innovative lighting, hardware, and component solutions have successfully met clients’ needs in India and the USA.
As per a report from Frost & Sullivan in September 2022, IKIO Lighting held a 50% market share in India’s functional decorative lighting category (including LED spotlights, LED downlights, and cove lights) in the fiscal year 2022. Moreover, they also enjoyed a 10% market share in the country’s true-blue decorative lighting segment (comprising chandeliers, wall lights, pendants, and outdoor lights). Their prominent clientele includes notable companies such as Signify Innovations India Limited, previously known as Philips Electronics India Limited.
The Objectives of IKIO Lighting IPO
The company and its subsidiaries plan to use the funds raised for repaying or prepaying, either entirely or in part, certain borrowings. The funds will also be directed towards investing in the company’s wholly-owned subsidiary, IKIO Solutions Private Limited. This investment will aid in establishing a new facility in Noida, Uttar Pradesh.
Financial Performance (In Crore)
| Year | Revenue | Expense | PAT |
| 2019 | Rs 220 | Rs 192 | Rs 21.41 |
| 2020 | Rs 213 | Rs 175 | Rs 28.81 |
| 2021 | Rs 332 | Rs 265 | Rs 50.52 |
| 2022 | Rs 329 | Rs 264 | Rs 51.35 |
Important Dates for IKIO Lighting IPO
| IPO Open | June 6, 2023 |
| IPO Close | June 8, 2023 |
| IPO Size | Approx Rs 606.50 Crores |
| Fresh Issue | Approx Rs 350 Crores |
| Offer for Sale | Approx 90,00,000 Equity Shares |
| Face Value | Rs 10 Per Equity Share |
| IPO Price Band | Rs 270 to Rs 285 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
IKIO Lighting IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 52 | Rs 14,820 |
| Retail Maximum | 13 | 676 | Rs 192,660 |
| S-HNI Minimum | 14 | 728 | Rs 207,480 |
| B-HNI Minimum | 68 | 3536 | Rs 10,07,760 |
Important Dates
| Price Band Announcement | May 31, 2023 |
| Anchor Investors Allotment | June 5, 2023 |
| IPO Open Date | June 6, 2023 |
| IPO Close Date | June 8, 2023 |
| Basis of Allotment | June 13, 2023 |
| Refunds | June 14, 2023 |
| Credit to Demat Account | June 15, 2023 |
| IPO Listing Date | June 16, 2023 |
IKIO Lighting IPO Valuation – FY2022
| Earning Per Share (EPS) | Rs 7.77 per Equity Share |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 46.40% |
| Net Asset Value (NAV) | Rs 16.75 per Equity Share |
IKIO Lighting IPO Lead Manager
The Lead Manager of the company is Motilal Oswal Investment Advisors Limited.
Promoters of the Company
The promoters of the company are Hardeep Singh and Surmeet Kaur.
How to Apply
Wait for the public issue to open for subscription, then click on apply now for the IKIO Lighting IPO with Bigul
How to Check Allotment Status
The registrar for IKIO Lighting IPO is Kfin Technologies Private Limited. To check your allotment status, please click on this link www.kfintech.com
FAQs
- What is the IKIO Lighting IPO?
The IKIO Lighting IPO is an initial public offering where the company will issue new shares to the public to raise capital and offer some existing shares for sale.
- When will the IKIO Lighting IPO open for subscription?
The IPO is set to open for subscription on June 6, 2023.
- What is the closing date for the IKIO Lighting IPO?
The IPO will close for subscription on June 8, 2023.
- What is the size of the IKIO Lighting IPO?
The company aims to raise approximately Rs 606.5 crores through the IPO.
- What is the price band for the IKIO Lighting IPO?
The price band for the IPO is set between Rs 270 to Rs 285 per share.
- How can I apply for the IKIO Lighting IPO?
You can apply for the IPO by clicking on this link: https://ipo.bonanzaonline.com/ once the public issue opens for a subscription.
- Where can I check my allotment status for the IKIO Lighting IPO?
You can check your allotment on the website www.kfintech.com, as the registrar for the IPO is Kfin Technologies Private Limited.
- Who are the promoters of IKIO Lighting?
The promoters of the company are Hardeep Singh and Surmeet Kaur.
- What is the object of the IPO?
The company aims to use the funds raised to repay or prepay some of its borrowings and to invest in its wholly-owned subsidiary, IKIO Solutions Private Limited, to set up a new facility in Noida, Uttar Pradesh.
- Who are the lead managers for the IKIO Lighting IPO?
Motilal Oswal Investment Advisors Limited is the lead manager for the IKIO Lighting IPO.