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IKIO Lighting Limited IPO (IKIO Lighting IPO) Detail

June 6, 2023 - June 8, 2023

IKIO Lighting IPO is a book built issue of Rs 606.50 crores. The issue is a combination of fresh issue of 1.23 crore shares aggregating to Rs 350.00 crores and offer for sale of 0.9 crore shares aggregating to Rs 256.50 crores.

IKIO Lighting IPO bidding started from June 6, 2023 and ended on June 8, 2023. The allotment for IKIO Lighting IPO was finalized on Tuesday, June 13, 2023. The shares got listed on BSE, NSE on June 16, 2023.

IKIO Lighting IPO price band is set at ₹270 to ₹285 per share. The minimum lot size for an application is 52 Shares. The minimum amount of investment required by retail investors is ₹14,820. The minimum lot size investment for sNII is 14 lots (728 shares), amounting to ₹207,480, and for bNII, it is 68 lots (3,536 shares), amounting to ₹1,007,760.

Motilal Oswal Investment Advisors Limited is the book running lead manager of the IKIO Lighting IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to IKIO Lighting IPO RHP for detailed information.

IKIO Lighting IPO Details

IPO Date June 6, 2023 to June 8, 2023
Listing Date June 16, 2023
Face Value ₹10 per share
Price Band ₹270 to ₹285 per share
Lot Size 52 Shares
Total Issue Size21,280,701 shares
(aggregating up to ₹606.50 Cr)
Fresh Issue12,280,701 shares
(aggregating up to ₹350.00 Cr)
Offer for Sale9,000,000 shares of ₹10
(aggregating up to ₹256.50 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding post issue77,280,701

IKIO Lighting IPO Reservation

IKIO Lighting IPO offers 21,280,702 shares. 4,256,140 (20.00%) to QIB, 3,192,107 (15.00%) to NII, 7,448,246 (35.00%) to RII 6,384,209 (30.00%) to Anchor investors. 143,235 RIIs will receive minimum 52 shares and 1,461 (sNII) and 2,923 (bNII) will receive minimum 728 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered6,384,209 (30.00%)NA
QIB Shares Offered4,256,140 (20.00%)NA
NII (HNI) Shares Offered3,192,107 (15.00%)
  bNII > ₹10L2,128,071 (10.00%)2,923
  sNII < ₹10L1,064,036 (5.00%)1,461
Retail Shares Offered7,448,246 (35.00%)143,235
Total Shares Offered21,280,702 (100%)

IKIO Lighting IPO Anchor Investors Details

IKIO Lighting IPO raises Rs 181.95 crore from anchor investors. IKIO Lighting IPO Anchor bid date is June 5, 2023. IKIO Lighting IPO Anchor Investors list

Bid Date June 5, 2023
Shares Offered 6,384,209
Anchor Portion Size (In Cr.) 181.95
Anchor lock-in period end date for 50% shares (30 Days) July 13, 2023
Anchor lock-in period end date for remaining shares (90 Days) September 11, 2023

IKIO Lighting IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, June 6, 2023
IPO Close Date Thursday, June 8, 2023
Basis of Allotment Tuesday, June 13, 2023
Initiation of Refunds Wednesday, June 14, 2023
Credit of Shares to Demat Thursday, June 15, 2023
Listing Date Friday, June 16, 2023
Cut-off time for UPI mandate confirmation 5 PM on June 8, 2023

IKIO Lighting IPO Lot Size

Investors can bid for a minimum of 52 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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
Lot Size Calculator

IKIO Lighting IPO Promoter Holding

Hardeep Singh and Surmeet Kaur are the Promoters of the company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 72.46%

About IKIO Lighting Limited

Incorporated in 2016, 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.

The company is primarily an Original Design Manufacturer (ODM). 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.

The company's LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories, and components. The products are designed and created to cater to the distinct requirements and expectations of the customers.

The total revenue of IKIO Lighting Limited in the preceding financial years 2022, 2021, and 2020 was 3,339.95 million, .72 million, and 2,218.28 million, respectively.

Company Financials

IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of IKIO Lighting IPO is Rs 2202.5 Cr.

KPI Values
Pre IPO Post IPO
EPS (Rs) 7.9
P/E (x) 32.13

Objects of the Issue (IKIO Lighting IPO Objectives)

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 Review (May apply)

[Dilip Davda]  Though the LED lighting solutions segment is over-crowded, ILL still has the lion's market share with certain products having virtual monopolies and Phillips as their biggest customer. With the expansion plans afoot the management is confident of maintaining the trends going forward. Well-informed investors may park funds for medium to long-term rewards. Read detail review...

IKIO Lighting IPO Subscription Status (Bidding Detail)

The IKIO Lighting IPO is subscribed 67.75 times on June 8, 2023 7:02:00 PM. The public issue subscribed 14.31 times in the retail category, 163.06 times in the QIB category, and 65.38 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
    bNII (bids above ₹10L)69.01
    sNII (bids below ₹10L)58.13

Total Application : 1,633,854 (11.41 times)

IKIO Lighting IPO Prospectus

IKIO Lighting IPO Rating

Rating:Rated 4.6 stars
Vote Here ...

IKIO Lighting IPO Listing Details

Listing Date June 16, 2023
BSE Script Code 543923
Final Issue Price ₹285 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

IKIO Lighting Limited Contact Details

IKIO Lighting Limited
411, Arunachal Building,
19 Barakhamba Road, Connaught Place,
New Delhi – 110 001
Phone: +91 120 – 4116186

IKIO Lighting IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

IKIO Lighting IPO - Buy or Not

IKIO Lighting IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 6 1 0
Members 6 2 3

Read All Reviews Post Your Review Manage Reviews

IKIO Lighting IPO FAQs

IKIO Lighting IPO is a main-board IPO of 21,280,701 equity shares of the face value of ₹10 aggregating up to ₹606.50 Crores. The issue is priced at ₹270 to ₹285 per share. The minimum order quantity is 52 Shares.

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

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in IKIO Lighting IPO using UPI as a payment gateway. Zerodha customers can apply in IKIO Lighting IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in IKIO Lighting IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'IKIO Lighting IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

IKIO Lighting IPO lot size is 52 Shares, and the minimum amount required is ₹14,820.

You can apply in IKIO Lighting IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for IKIO Lighting IPO will be done on Tuesday, June 13, 2023, and the allotted shares will be credited to your demat account by Thursday, June 15, 2023. Check the IKIO Lighting IPO allotment status.

The IKIO Lighting IPO listing date is on June 16, 2023.
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IKIO Lighting IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



821. BullBull |   Link |  Bookmark |July 26, 2023 10:57:05 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Anchor lock in over today. Result TBA on 4th Aug. If volume increases with increase in price from here on then surely results and management commentary should probably be better than what market expects. For those holding onto IKIO since IPO, SL should be 392 on Daily Closing Basis.
821.1. Here comes AK |   Link |  Bookmark |July 28, 2023 1:03:37 PM
Finally results are coming on 4th Aug, with major risk of Anchor shares being unlocked for trade. I guess if there is no major downside movement, there is going to be a good result and pump on those basis.

Will it be wise to book profit immediately on result announcement?
821.2. BullBull |   Link |  Bookmark |July 29, 2023 1:57:15 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@Here comes AK For IPOs, have been tracking this thing that if it does not break the listing day low on daily closing basis then good chances of going higher. But in case it closes below, then simply sell. This is purely on basis of so many IPO charts and no fundamentals. You can also go through some IPOs in last 5-6 years, you'll find similar type of pattern in most of the IPOs.
820. Akkyyyu |   Link |  Bookmark |July 25, 2023 6:43:43 PM
Out of 27 Treding Session Give 6 Positive Closing, Listing Day Volume was 100 time High than Last 20 day avg Volume
Stock Respect RSI Below 30 , 403 Rs is Support, ( 3 time Stock bounded from 403 Rs) with 392 Last support
423 is major Resistance
Tomorrow Ancor investors 50% Share unlock
26th July Disider for Stock

Management Also told prior to listing that in next 2Week post Results..and Yesterday only announced date of Results 4 Aug
819. Dowg |   Link |  Bookmark |July 19, 2023 2:32:39 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
2 IPOs ko yaad rakhunga. 1) Pace E Commerce & 2) Cosmic CRF.
Isme bottom kaha banega .... please express ur true feeling (un-baised)

I feel at around 140, though its brutal figure, but feeling though.
818. MrArchitect |   Link |  Bookmark |July 18, 2023 12:59:55 AM
Dear @Monster Zero ,
I am Still holding 832 Shares (1HNI, 2 Retails) allotment of IKIO IPO..

What Should I do?
Exit or Still hold?
Please guide.. I am still learning..
818.1. Monster Zero |   Link |  Bookmark |July 18, 2023 3:37:36 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Keep a stoploss of 398 @MrArchitect ...
And leave it alone until results.
If price comes to should book 50-75% profit.
818.2. MrArchitect |   Link |  Bookmark |July 18, 2023 5:50:45 PM
Thank you @Monster Zero Sir for such a detailed guidance
817. Here comes AK |   Link |  Bookmark |July 13, 2023 1:22:16 PM
Does anyone has any idea on when IKIO is going to announce it's FY results for 2023.

Near (after few days) to listing date, it was announced by Management that it will be declared in 2 weeks, which are over so thought to check on the same.
816. BullsEye 🎯 |   Link |  Bookmark |July 3, 2023 1:09:48 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Wipro buyback.
387 out of 500 accepted.....
815. BullsEye 🎯 |   Link |  Bookmark |July 3, 2023 1:05:22 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Nifty Short term Tagets ???

a. Below 17500
b. Range bound in 500 points
c. Above 20000

plz vote max
so wht majorities will do we don't do
u knw wht i mean
814. BullsEye 🎯 |   Link |  Bookmark |July 3, 2023 1:05:11 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Nifty Short term Tagets ???

a. Below 17500
b. Range bound in 500 points
c. Above 20000

plz vote max
so wht majorities will do we don't do
u knw wht i mean
813. Safe Bet |   Link |  Bookmark |July 2, 2023 2:46:28 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
OT : any views on Remus...any ground lvel /market news...?
812. Hope is life |   Link |  Bookmark |June 30, 2023 3:21:35 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
@Monster Zero 
hello sir
any views about ikio
stock is going down before declaration of result...

please share ur views about this script
thanks in advance 🙏
811. Cyberdude |   Link |  Bookmark |June 29, 2023 2:53:52 PM (200+ Posts)
@Admin @  or other experts, is there any way to get a complete document of Basis of Allotment for IKIO lighting IPO?
The sample doesn't include all the data
811.3. Safe Bet |   Link |  Bookmark |July 2, 2023 2:35:29 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
2@Cyberdude Have you received the full BoA. if so kindly share
811.4. Cyberdude |   Link |  Bookmark |July 3, 2023 12:02:21 AM (200+ Posts)
@Safe Bet  i have not received any response from Karvy, I will update once i get any response.
810. iamalearner |   Link |  Bookmark |June 28, 2023 9:00:33 PM
SEBI reduces IPO listing time to 3 days.
809. Jay Vagheshwari Maa |   Link |  Bookmark |June 22, 2023 9:22:59 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Can anyone plz tell when is FY23 result of IKIO ?
809.1. Dhruv modi |   Link |  Bookmark |June 22, 2023 11:17:05 AM
Mgmt mentioned last week Results would be announced with in 2 week for q4_23, it would be announced next week as per mgmt commentary results would be excellent..1st target of 500
809.2. AAvi |   Link |  Bookmark |June 23, 2023 6:40:45 PM
Though, today they have posted a message on bse ans NSE about closing of trading window in view of QE Jun 23 results.
808. tri.vis |   Link |  Bookmark |June 21, 2023 10:14:04 AM (200+ Posts)
Aether 10 % up today
808.1. Kami |   Link |  Bookmark |June 21, 2023 2:03:53 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
could it be because of that QIP fund raising, or just bull market?
808.2. tri.vis |   Link |  Bookmark |June 21, 2023 10:29:14 PM (200+ Posts)
No idea.
Please ask Monster Zero as he is tracking Aether
807. PKRAJ |   Link |  Bookmark |June 20, 2023 10:43:47 AM
From 2 days market in negative territory. Now looks like in correction mood. May go a bit in lower zone. But to predict market by me is very difficult. It goes beyond expectations.
As far as IKIO is concerned in both negative days it made higher top. Today 463, good but moving down. In present circumstances it's difficult to cross 500. Listing day closing is very important.
To find future target seems to me very interesting.
806. Jay Vagheshwari Maa |   Link |  Bookmark |June 20, 2023 10:15:33 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Can anyone suggest targets for this stock 6 months or 1 year down the line ? Thank you.
805. Monster Zero |   Link |  Bookmark |June 20, 2023 1:51:22 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Stock is being pumped hard
Current p/e post ipo on diluted basis is 50 at 445
Trades are being done to support stock price, although it's good company but value is diminishing.
805.6. DHARMENDRA SHARMA |   Link |  Bookmark |July 4, 2023 8:32:09 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear monster zero,
Please suggest level of buying of ikio lighting.
805.7. Monster Zero |   Link |  Bookmark |July 7, 2023 10:29:55 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)

409/- best level...
403 and 398...good support.
804. Dhruv modi |   Link |  Bookmark |June 19, 2023 9:30:37 PM
Multiple BULK DEAL today, tomorrow it will go beyond 500.. Enjoy
Check money control..
803. bullishtiger |   Link |  Bookmark |June 19, 2023 8:13:52 PM
Thanks @Eagleye  for Mankind Pharma. You said target 1700/- 6 months. Today reached Target!
803.1. Kapz |   Link |  Bookmark |June 19, 2023 9:12:13 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
In the first week of July, Mankind is likely to move from mid cap to large cap category, thereby getting much wider inclusion in the portfolios. This counter is a gem to hold further.
803.2. tappukepapa |   Link |  Bookmark |June 20, 2023 12:57:44 PM
@Eagleye Any updates about Medanta (Global Health) ? Holding since IPO.
802. Hope is life |   Link |  Bookmark |June 19, 2023 4:16:04 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
we will see some real bulk deals today...
802.1. Hope is life |   Link |  Bookmark |June 19, 2023 9:11:29 PM
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
no bulk deal at all

then who is buying this huge quantity in groups????