IKIO Lighting IPO Details ( IKIO Lighting Limited IPO Review )
(06 June 2023 – 08 June 2023)
Established in 2016, IKIO Lighting Limited emerged as a prominent Indian company specializing in the production of LED lighting solutions. Throughout its impressive seven-year history, the organization has remained dedicated to delivering sustainable and energy-efficient LED products, aligning with India’s aspirations for a greener future.
IKIO offers a diverse range of products that can be classified into several categories. These include LED lighting solutions, Refrigeration lights, ABS (acrylonitrile butadiene styrene) piping, and various other innovative offerings.
The company functions primarily as an Original Design Manufacturer (ODM), specializing in the design, development, manufacturing, and supply of products. These products are then distributed by the customers under their respective brands. Additionally, the company collaborates closely with customers to create, manufacture, and supply products according to their specific design requirements.
The company specializes in high-quality LED lighting solutions, with a particular emphasis on the premium market. Their extensive range encompasses lighting options, fittings, fixtures, accessories, and components. Each product is meticulously designed and crafted to meet the unique needs and expectations of their valued customers.
IKIO Lighting Limited achieved a total revenue of INR 3,339.95 million in the financial year 2022. In the preceding financial year 2021, the company’s revenue amounted to INR 0.72 million, while in 2020, it reached INR 2,218.28 million. These figures reflect the company’s financial performance over the specified periods.
IKIO Lighting Limited Company Product
- LED lighting
- Rechargeable Bulbs
- Spotlights
- LED Strip Lights
- Decorative Lights
- Rechargeable Lantern
- LED Driver
- Downlighter Lights
- Linear Lights
- Track Lights
- RV Lights
- ABS piping
- Refrigerator LED lighting
- Other Products
- Fan Regulators and Switches
- LED Spare Parts & Others
IKIO Lighting Limited Key Customers
- Signify (Philips)
- Western Refrigeration Private Limited
- Panasonic Life Solutions India Private Limited
- Novateur Electrical & Digital Systems Private Limited
IKIO Lighting Limited IPO Competitive Strength
- Poised to capture growth of LED market
- Diverse product basket with focus on high-margin areas
- Long-term relationships with leading industry customers
- Strong focus on R&D
- Established infrastructure with backward integration
- Strong and consistent financial performance
- Experienced Promoters and Management Team
IKIO Lighting IPO Financials Performance ( Results )
IKIO Lighting Limited Financial Information ( Proforma Consolidated )
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Borrowing |
| 31-Mar-20 | 144.83 | 221.83 | 21.41 | 3.29 | 35.90 | – | 46.86 |
| 31-Mar-21 | 174.45 | 214.57 | 28.81 | 4.43 | 62.86 | – | 69.36 |
| 31-Mar-22 | 264.87 | 334.00 | 50.52 | 7.77 | 108.87 | 16.75 | 106.56 |
| 31-Dec-22 | 335.50 | 332.79 | 51.35 | – | 140.83 | – | 136.33 |
Objective of IPO Issue
- 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 Basic Details
| IPO Date | June 6, 2023 to June 8, 2023 |
| Listing Date | Tuesday, June 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹270 to ₹285 per share |
| Lot Size | 52 Shares |
| Issue Size | [.] shares (aggregating up to ₹607.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹350.00 Cr) |
| Offer for Sale | 9,000,000 shares of ₹10 (aggregating up to ₹257.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 65,000,000 |
| Share holding post issue | – |
| Company Promoters | Hardeep Singh And Surmeet Kaur |
IKIO IPO Reservation
| QIB Shares Offered | 50% of the Offer |
| NII (HNI) Shares Offered | 15% of the Offer |
| Retail Shares Offered | 35% of the Offer |
IKIO Lighting IPO Timetable
IKIO Lighting IPO will open on June 6, 2023 and close on June 8, 2023. You can join IKIO Lighting IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 6 June 2023 (Tuesday) |
| Closing Date | 8 June 2023 (Thursday) |
| Basis of Allotment | 13 June 2023 (Tuesday) |
| Initiation of Refunds | 14 June 2023 (Wednesday) |
| Credit of Shares to Demat | 15 June 2023 (Thursday) |
| Listing Date | 16 June 2023 (Friday) |
| Deadline for Confirming UPI mandate | 5 PM on 8 June 2023 |
IKIO Lighting IPO Lot Size
For retail investors in IKIO Lighting IPO, 52 shares will come in 1 lot or the minimum investment will be ₹14,820. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹192,660.
| 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
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
IKIO Lighting IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹4.31 per Equity Share |
| Price/Earning P/E Ratio | Coming Soon |
| Return on Net Worth (RoNW) | 36.64% |
| Net Asset Value (NAV) | ₹11.76 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
IKIO Lighting Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 1852.50 |
| P/E (x) | Coming Soon |
| ROE (%) | 36 |
| ROCE (%) | 26 |
| Debt/Equity | 1.03 |
IKIO Lighting Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| IKIO Lighting Limited | Standalone | 10 | 4.31 | – | 36.64 | 11.76 |
| IKIO Lighting Limited | Consolidated | 10 | 7.77 | – | 46.40 | 16.75 |
| Peer Group | ||||||
| Dixon Technologies (India) Limited | Consolidated | 2 | 32.31 | 140.31 | 19.08 | 167.92 |
| Amber Enterprises India Limited | Consolidated | 10 | 32.41 | 69.93 | 6.30 | 514.70 |
| Syrma SGS Technology Limited | Consolidated | 10 | 4.97 | 60.97 | 10.29 | 39.21 |
IKIO Lighting IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 14 June 2023 | ₹92 | – | – |
| 13 June 2023 | ₹95 | – | – |
| 12 June 2023 | ₹101 | – | – |
| 11 June 2023 | ₹100 | – | – |
| 10 June 2023 | ₹116 | – | – |
| 9 June 2023 | ₹120 | – | – |
| 8 June 2023 | ₹126 | – | – |
| 7 June 2023 | ₹128 | – | – |
| 6 June 2023 | ₹103 | – | – |
| 5 June 2023 | ₹95 | – | – |
| 4 June 2023 | ₹73 | – | – |
| 3 June 2023 | ₹73 | – | – |
| 2 June 2023 | ₹50 | – | – |
| 1 June 2023 | ₹0 | – | – |
IKIO Lighting IPO Detail Video:
IKIO Lighting IPO Subscription Status (Bidding Detail)
The IKIO Lighting IPO on June 8, 2023 at 7:29:00 PM was subscribed 67.75 times, with the retail category being subscribed 14.31 times, the NII (Non-Institutional Investor) category being subscribed 65.38 times and the QIB (Qualified-Institutional Buyers) category being subscribed 163.06 times.
| Category | Subscription |
| QIB | 163.06x |
| NII | 65.38x |
| Retail | 14.31x |
| Total | 67.75x |
IKIO Lighting IPO Prospectus
IKIO Lighting IPO Rating
| Our Rating | 3.5/5.0 |
IKIO Lighting Company Contact Information
IKIO Lighting Limited
Corporate Identity Number: U31401DL2016PLC2928884
Registered Office: 411, Arunachal Building, 19 Barakhamba Road,
Connaught Place, New Delhi – 110 001
Corporate Office: D-234-Sector 63, Noida – 201 301, Uttar Pradesh
Contact Person: Sandeep Kumar Agarwal, Company Secretary and Compliance Officer
Tel: + 91 120 – 4116186
E-mail: secretarial@ikiolighting.com
Website: www.ikio.in
Our Promoters: Hardeep Singh And Surmeet Kaur
IKIO Lighting IPO Registrar
KFin Technologies Limited
Registered Office: Selenium Tower B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India
Telephone: +91 4067162222/18003094001
E-mail: IKIO Lighting.ipo@kfintech.com
Investor Grievance ID: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murli Krishna
SEBI Registration Number: INR000000221
IKIO Lighting IPO Lead Manager
Motilal Oswal Investment Advisors Limited
Registered Office: 10th Floor, Motilal Oswal Tower, Rahimtullah,
Sayani Road, Opposite Parel S.T. Depot, Prabhadevi
Mumbai-400025, Maharashtra, India
Telephone: +91 22 7193 4380
E-mail: ikio.ipo@motilaloswal.com
Investor Grievance ID: moiaplredressal@motilaloswalgroup.com
Website: www.motilaloswalgroup.com
Contact Person: Ritu Sharma / Kirti Kanoria
SEBI Registration Number: INM000011005
IKIO Lighting IPO FAQs
What is the lot size of IKIO Lighting IPO?
The total size of IKIO Lighting IPO is ₹607 crores out of which ₹350 crores is fresh issue and ₹257 crores is offer for sale (OFS).
When will IKIO Lighting IPO start?
IKIO Lighting IPO will open from 06 June 2023 and IPO will close on 08 June 2023.
What is the open date of IKIO Lighting IPO?
IKIO Lighting IPO will open date from 6 June 2023.
What is the last date ( close date ) of IKIO Lighting IPO?
IKIO Lighting IPO will close from 8 June 2023.
What is the price band of IKIO Lighting IPO?
IKIO Lighting IPO price band is ₹270 to ₹285. ( Upper Price Band: ₹285, Lower Price Band: ₹270 )
What is the minimum amount required to apply for IKIO Lighting IPO?
The minimum investment for retailers to apply for IKIO Lighting IPO is ₹14,820 and the maximum investment is ₹192,660.
What is going on gray market premium of IKIO Lighting IPO?
View gray market premium of IKIO Lighting IPO by Clicking Here
How much is the GMP of IKIO Lighting IPO?
Watch IKIO Lighting IPO GMP Today: Click Here
What is the allotment date of IKIO Lighting IPO?
The Allotment Date of IKIO Lighting IPO is 13 June 2023.
How to check allotment status in IKIO Lighting IPO?
To check the allotment status of IKIO Lighting IPO, first of all go to the registrar website by clicking here, select your bad IKIO Lighting IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of IKIO Lighting IPO?
The Listing Date of IKIO Lighting IPO is 16 June 2023.
How much will be the listing gain in IKIO Lighting IPO?
View listing gain of IKIO Lighting IPO by Clicking Here
How much time IKIO Lighting IPO is subscribed?
Total 67.75 times subscribed in IKIO Lighting IPO out of which 14.31 times subscription was done in retail quota, 65.38 times subscription in NII quota and 163.06 times subscription in QIB quota.
How to apply for IKIO Lighting IPO from Upstox?
Click Here to see how to apply for IKIO Lighting IPO from Upstox. (step by step)
How to apply for IKIO Lighting IPO from Zerodha?
Click Here to see how to apply for IKIO Lighting IPO from Zerodha. (step by step)
How to apply for IKIO Lighting IPO from Angle One?
Click Here to see how to apply for IKIO Lighting IPO from Angle One. (step by step)
