IKIO Lighting Limited IPO (IKIO Lighting IPO) Detail

 

Incorporated in 2016, IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions. In its journey of over seven years, the entity focused on providing sustainability and low-energy LED products to help India meet its sustainability goals.

The product portfolio of IKIO can be categorized as LED lighting, Refrigeration lights, ABS (acrylonitrile butadiene styrene) piping and other products.

The company is primarily an Original Design Manufacturer (ODM). They design, develop, manufacture and supply products to customers. Thereon, the customers further distribute the products under their own brands. Alongside, they also work with the customers to develop, manufacture and supply products as designed by the customers.

The company's LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories, and components. The products are designed and created to cater to the distinct requirements and expectations of the customers.

The total revenue of IKIO Lighting Limited in the preceding financial years 2022, 2021, and 2020 was 3,339.95 million, .72 million, and 2,218.28 million, respectively.

IKIO Lighting IPO Details

IKIO Lighting IPO 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

IKIO Lighting IPO Reservation

IKIO Lighting IPO 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%)

IKIO Lighting IPO Anchor Investors Details

IKIO Lighting IPO raises Rs 181.95 crore from anchor investors. IKIO Lighting IPO Anchor bid date is Jun 5, 2023. 

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

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 FinancialsKey Performance Indicator

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

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%