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IKIO Lighting IPO

IKIO Lighting IPO

  • Status: Closed
  • RHP:
  • ₹ 14,040 / 52 shares

    Minimum Investment

IPO Details

  • Open Date

    06 Jun 2023

  • Close Date

    08 Jun 2023

  • IPO Price Range

    ₹ 270 to ₹ 285 per share

  • IPO Size

    ₹ 607 Cr

  • Listing Exchange

    NSE, BSE

  • Listing Date

    16 Jun 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

IKIO Lighting IPO Subscription Status

Last Updated: 09 June 2023 12:20 AM by 5Paisa

IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions its IPO opens on 6th June and closes on 8th June. 

The issue consists of a fresh issue of 90,00,000 shares aggregating up to ₹606.50 crores. The price band for the issue is fixed at Rs.270 to Rs. 285 per share.  The lot size is set for 52 shares per lot. The shares will be allotted on the 13th of June and the issue will be listed on the 16th of June on the stock exchanges. 

The book-running lead manager to the offer is Motilal Oswal Investment Advisors Pvt Ltd.

Objectives of IKIO Lighting IPO

The Company proposes to utilize the Net Proceeds towards funding the following objects:
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
 

IKIO Lighting IPO Video:

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.

Peer Comparison

●    Dixon Technologies (India) Limited
●    Amber Enterprises India Limited
●    Syrma SGS Technology Limited
●    Elin Electronics Limited

 

For More Information:

IKIO Lighting IPO GMP
Webstory on IKIO Lighting IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 2,198.95 1,596.63 1,406.48
EBITDA 401.50 302.82 263.37
PAT 280.10 205.80 159.93
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 1,126.07 741.01 509.80
Share Capital 250 0.50 0.50
Total Borrowings 161.61 49.60 77.77
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities (52.53) (0.49) 132.10
Net cash from / (used in) investing activities (45.56) (29.89) (38.78)
Net cash flow from / (used in) financing activities 102.66 (33.73) (46.38)
Net increase (decrease) in cash and cash equivalents 4.57 (64.11) 46.95

Peer Comparison

There are no listed companies in India that engage in a business similar to that of the company. 


Strengths

a) Poised to capture growth of LED market
b) Diverse product basket with focus on high-margin areas
c) Long-term relationships with leading industry customers
 

Risks

a) The company is dependent on, and derives a substantial portion of its revenue from, a single customer, Signify Innovations India Limited, erstwhile Philips India, and over 85% of its revenue is derived from its top twenty customers.
b) The company has not received firm and long-term volume purchase commitments from its customer
 

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FAQs

The minimum lot size of IKIO Lighting IPO is 52 shares. 

The price band of IKIO Lighting IPO is Rs.270 to Rs. 285 per share.

The IKIO Lighting IPO opens on June 6, 2023 and closes on June 8, 2023.

The IKIO Lighting IPO comprises of a total issue of 90,00,000 shares aggregating up to ₹606.50 crores. 

The allotment date of IKIO Lighting IPO is 13th June 2023. 

The listing date of IKIO Lighting IPO is 16th June 2023. 

Motilal Oswal Investment Advisors Pvt Ltd is the book runner of IKIO Lighting IPO. 

The Company proposes to utilize the Net Proceeds towards funding the following objects:

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
 

To apply for the IKIO Lighting IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section
●    Enter the number of lots and price at which you wish to apply for
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
●    You will receive a mandate notification to block funds in your UPI app