NEWS

IKIO Lighting Limited IPO : Key Information

IKIO Lighting Limited IPO is set to launch on 6 June, 2023. The company initiated its business operations in the year 2016. Its goal has been more focussed on providing sustainable solutions for low energy LED Products to make India sustainable. Its product portfolio includes Refrigeration Lights, LED Lighting, ABS Piping and more. The company is an original design manufacturer. They develop, design and manufacture products for the clients. At a later stage the company’s products are sold by its clients under their own brand name.

IKIO Lighting Limited IPO DETAILS

IKIO Lighting Limited IPO is set to launch on 6 June, 2023. The subscription timeline extends till 8 June, 2023. The size for the IPO is 607 Crore Rs. Shares issued through fresh issue mode are worth 350 Crore Rs. Shares issued through offer for sale mode are worth Rs. 257 Crore. The lot size is 52 shares and the price is 270 to 285 Rs per share. The company is going to get listed at NSE and BSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Private Limited.

Tabular Description of IKIO Lighting Limited IPO

IPO OPENING DATE	6 June, 2023
CLOSING DATE FOR IPO	8 June, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	270 to 285 Rs per share
LOT SIZE	52 shares
MINIMUM ORDER QUANTITY	52 shares
ISSUE SIZE	607 Crore Rs.
OFFER FOR SALE	257 Crore Rs.
FRESH ISSUE	350 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	16 June, 2023

IKIO Lighting Limited IPO : IMPORTANT DATES

IPO OPENING DATE	6 June, 2023
CLOSING DATE FOR IPO	8 June, 2023
IPO ALLOTMENT DATE	13 June, 2023
REFUNDS	14 June, 2023
DEMAT A/C CREDITED ON	15 June, 2023
IPO LISTING DATE	16 June, 2023

IKIO Lighting Limited IPO begins for subscription from 6 June, 2023. The IPO subscription would continue till 8 June, 2023. The allotment status for the shareholders who applied would come on 13 June, 2023. The refunds for the ones who did not get allotment would be initiated on 14 June, 2023. The DEMAT accounts of shareholders would be credited on 15 June, 2023. The listing of the company would be accompanied on 16 June, 2023.

IKIO Lighting Limited IPO : Lead Managers

The lead managers are :

Motilal Oswal Investment Advisors Private Limited

The minimum lot size for the company is decided at 52 shares. This holding accounts to 14820 Rs.. The maximum lot size is decided at 676 shares (HNI). This amounts to 192660 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	52 shares	14820 Rs.
Maximum	676 shares	192660 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
Repayment of the borrowings of the firm.
The IPO money will also be used for investment in the subsidiary of the company named as IKIO Solutions Private Limited For its Noida Facility.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2019-20	2020-21	2021-22
ASSETS	144	175	265
Revenue	221	214	334
PAT	21	28	50

IKIO Lighting had an asset base of 144 Crore Rs in 2020 which increased to 175 Crore Rs in 2021. The company’s asset increased further on to 265 Crore Rs in 2022. The revenue of the firm was 221 Crore Rs in 2020 which decreased for one year to 214 Crore Rs. Later on the revenue was at 334 Crore Rs. in the year 2022. The profit of the firm has increased at a good pace. The profit was 21 Crore Rs in 2020 which increased to 28 Crore Rs in 2021. This increase was regardless of the decrease in the revenue of the firm. The profit for the year 2022 almost doubled to 50 Crore Rs.

PROS

Its product portfolio includes Refrigeration Lights, LED Lighting, ABS Piping and more. The company is an original design manufacturer.
They develop, design and manufacture products for the clients.
At a later stage the company’s products are sold by its clients under their own brand name.