In its website and ist RHP of IKIO Lighting Limited IPO, it is mentioned that the company is incorporated in 2016 and this IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) providing 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 main 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) which is a great advantage for the company. 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.
FACILITIES
IKIO have four manufacturing facilities, which enable accessibility for customers looking for procurement of lighting products, hardware & components.
Details of IKIO Lighting IPO
| IPO Date | Jun 6, 2023 to Jun 8, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹270 to ₹285 per share |
| Lot Size | 52 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹607.00 Cr) |
| Fresh Issue ( Money raised will be credited to compnay account ) | [.] shares (aggregating up to ₹350.00 Cr) |
| Offer for Sale ( Money raised will be given to promoter who sold their holding ) | 9,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 65,000,000 |
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% of share reservation of IKIO Lighting
As per SEBI , when Company filed RHP and the if the last three financial year , if the company remains in profit then , retail portion reservation goes upto 35% otherwise it is remains in 15 %.
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
Time and Information of IKIO Lighting IPO
IKIO Lighting IPO opens on Jun 6, 2023, and closes on Jun 8, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Tuesday, 6 June 2023 |
| Closing 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 for Retail ( Max and Mini )
The IKIO Lighting IPO lot size is 52 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 52 | ₹14,820 |
| Retail (Max) | 13 | 676 | ₹192,660 |
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 | Will be updated later |
Company Financials for the last three years
| 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 | |||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36 ( It is good , if it is above 15 , then it is considered good ) |
| ROCE | 26 ( It is good , if it is above 20 , then it is considered good ) |
| Debt/Equity | 1.03 ( It seems High , means risky , need careful observation in future , it is good below 0.5 ) |
| EPS (Rs) | 7.9 |
| RoNW (%) | 36.46 ( It is good ) |
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- 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
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