IKIO Lighting Limited is a manufacturer of LED lighting solutions. It is primarily an original design manufacturer (ODM) and is engaged in designing, development, manufacturing, and supply of products to customers in India and the USA. These products are then distributed by the customers under their own brands.
The products and systems manufactured by the company are used across various industries such as residential, industrial, and commercial lighting. These are categorised under four verticals; 1) LED lighting 2) Refrigeration lights 3) ABS (acrylonitrile butadiene styrene) piping, and 4) other products such as fan regulators, light strips, etc.
Objects of the issue
- Repayment/prepayment in full or part of certain borrowings availed by the company and its subsidiaries
- Investment in its wholly owned subsidiary, IKIO Solutions Private Limited for setting up a new facility
- General corporate purposes
The public offer of IKIO Lighting Limited comprises a fresh issue of equity shares aggregating up to Rs. 350 crores and an offer for sale of 90 lakh equity shares from existing shareholders.
Financial information
| Financial Year | Total Assets (₹ crores) | Total Revenue (₹ crores) | Profit After Tax (₹ crores) | EBITDA (₹ crores) | ROCE |
|---|---|---|---|---|---|
| March 31, 2020 | 144.83 | 221.83 | 21.41 | 37.31 | 37.61% |
| March 31, 2021 | 174.45 | 214.57 | 28.81 | 47.81 | 31.13% |
| March 31, 2022 | 264.87 | 334.00 | 50.52 | 77.31 | 33.07% |
| As of December 31, 2022 | 335.50 | 332.79 | 51.35 | 73.41 | 25.62% |
For more information, you can check the IPO Prospectus filed by the company here.
Important information regarding the IPO
| Issue Period | 6th June - 8th June 2023 |
|---|---|
| Price Band | ₹ 270 - 285 |
| Minimum Bid Quantity | 52 and multiples thereof |
| Date of Allotment | 13th June 2023 |
| Initiation of Refund | 14th June 2023 |
| Credit of shares | 15th June 2023 |
| Date of Listing | 16th June 2023 |
| Mandate end date | 23rd June 2023 |
| Anchor Investors Lock-in End Date | 8th July 2023 |
How do I apply to the IKIO Lighting Limited IPO?
You can apply for the IKIO Lighting Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for IKIO Lighting Limited IPO?
You can check the allotment status for the IKIO Lighting Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.