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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.
| 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 Size | 21,280,701 shares (aggregating up to ₹606.50 Cr) |
| Fresh Issue | 12,280,701 shares (aggregating up to ₹350.00 Cr) |
| Offer for Sale | 9,000,000 shares of ₹10 (aggregating up to ₹256.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 65,000,000 |
| Share holding post issue | 77,280,701 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 6,384,209 (30.00%) | NA |
| QIB Shares Offered | 4,256,140 (20.00%) | NA |
| NII (HNI) Shares Offered | 3,192,107 (15.00%) | |
| bNII > ₹10L | 2,128,071 (10.00%) | 2,923 |
| sNII < ₹10L | 1,064,036 (5.00%) | 1,461 |
| Retail Shares Offered | 7,448,246 (35.00%) | 143,235 |
| Total Shares Offered | 21,280,702 (100%) |
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 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 |
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 | |||
Hardeep Singh and Surmeet Kaur are the Promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.46% |
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.
| 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 | |||||
The market capitalization of IKIO Lighting IPO is Rs 2202.5 Cr.
| KPI | Values |
|---|---|
| ROE | 36.00% |
| ROCE | 26.00% |
| Debt/Equity | 1.03 |
| RoNW | 36.46% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.9 | |
| P/E (x) | 32.13 |
The Company proposes to utilize the Net Proceeds towards funding the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 163.06 |
| NII | 65.38 |
| bNII (bids above ₹10L) | 69.01 |
| sNII (bids below ₹10L) | 58.13 |
| Retail | 14.31 |
| Total | 67.75 |
Total Application : 1,633,854 (11.41 times)
| Listing Date | June 16, 2023 |
| BSE Script Code | 543923 |
| NSE Symbol | IKIO |
| ISIN | INE0LOJ01019 |
| Final Issue Price | ₹285 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹285.00 |
| ₹391.00 |
| ₹391.00 |
| ₹427.40 |
| ₹403.75 |
| NSE |
|---|
| ₹285.00 |
| ₹392.50 |
| ₹392.00 |
| ₹427.50 |
| ₹403.85 |
IKIO Lighting Limited
411, Arunachal Building,
19 Barakhamba Road, Connaught Place,
New Delhi – 110 001
Phone: +91 120 – 4116186
Email: secretarial@ikiolighting.com
Website: http://www.ikio.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ikiolighting.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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
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.
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