IKIO Lighting IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 10, 2023Let’s have a detailed review of the company and analytics of the IKIO Lighting IPO release date, IPO offer price, subscription, IKIO Lighting Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 270 to Rs 285 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 52 Shares |
| Listing Date | 16 June 2023 |
| Offer for Sale | Rs Crore |
| Fresh Issue | Rs 350.00 Crore |
| IPO Size | Rs 607.00 Crore |
| Tick Size | 1 |
IKIO Lighting IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – IKIO Lighting Share Price |
IKIO Lighting IPO – Summary
They are an Indian manufacturer of light-emitting diode (“LED”) lighting solutions. They are focused on sustainability and providing low-energy LED products to help India meet its sustainability goals.
Also, they are primarily an original design manufacturer (“ODM”) and design, develop, manufacture and supply products to customers who then further distribute these products under their own brands. They also work with their customers to develop, manufacture and supply products that are designed by their customers.
The Promoter of this company is HARDEEP SINGH AND SURMEET KAUR. The lead manager of the issue is Motilal Oswal Investment Advisors Limited, and the Registrar of this issue is KFin Technologies Limited.
Check out Related IPO Links:
| IKIO Lighting IPO GMP |
| IKIO Lighting IPO Allotment |
| LIVE Subscription – IKIO Lighting IPO |
IKIO Lighting IPO Date
The opening and closing dates of the IKIO Lighting IPO are 6 June 2023 and 8 June 2023 respectively.
IKIO Lighting IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 6th Jun | 0.30x | 3.09x | 1.73x | 1.61x |
| 2nd Day – 7th Jun | 1.36x | 16.55x | 6.18x | 7.02x |
| 3rd Day – 8th Jun | 163.06x | 65.38x | 14.31x | 67.75x |
| Shares Offered or Net Issue | 4,256,140 | 3,192,107 | 7,448,246 | 14,896,493 |
The shares subscribed by the public will be updated here.
IKIO Lighting IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
IKIO Lighting Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 13 June 2023 |
| Refunds Initiation | 14 June 2023 |
| Credit of Shares to Demat Account | 15 June 2023 |
| Share Listing Date | 16 June 2023 |
IKIO Lighting IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 270 to Rs 285
IKIO Lighting IPO Equity Size
This Initial Public Issue of 9,000,000 Equity Shares of Rs.10 each for cash at a price of Rs 270 to Rs 285 per equity share aggregating to Rs.350.00 Crore.
IKIO Lighting IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 9,000,000 Equity Shares of Rs.10/ each.
Issue Size: 9,000,000 Equity Shares of Rs.10 each, aggregating to Rs.350.00 Crore
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IKIO Lighting IPO – Live Performance
The listing date of this IPO is 16 June 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – IKIO Lighting Share Price |
IKIO Lighting IPO Grey Market Premium
The IKIO Lighting Limited IPO Grey Market Premium price is Rs 120, the Kostak rate is Rs 600 and the Subject to Sauda is Rs 3500.
IKIO Lighting IPO – Company Overview
Their largest customer is Signify Innovations India Limited, erstwhile Philips Electronics India Limited (“Signify (Philips)”), which according to Frost & Sullivan in Fiscal 2022 had a 50% market share in India’s functional decorative lighting category (including LED spotlights, LED downlights and cove lights) and a 10% market share in India’s true-blue decorative lighting segment (including chandeliers, wall lights, pendants, outdoor lights).
One of their Promoters, Hardeep Singh, has a 10-year long relationship with Signify (Philips).
In addition, to Signify (Philips), they have a diversified customer base across all their other product segments across industry sectors and geographies which include Western Refrigeration Private Limited, Panasonic Life Solutions India Private Limited and Novateur Electrical & Digital Systems Private Limited. They have a history of high customer retention.
IKIO Lighting IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 3,212.89 | 1,126.07 | 741.01 | 509.80 |
| *Total Revenue |
2,431.78
|
2,207.19
|
1,600.39
|
1,407.32
|
| Total Expense |
1,966.64
|
1,827.26
|
1,324.02
|
1,186.47
|
| Profit After Tax |
345.82
|
280.10
|
205.80
|
159.93
|
Earnings per Equity Share (in Million)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted |
5.32
|
4.31
|
3.17
|
2.46
|
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 345.82 Million, Rs. 280.10 Million, Rs. 205.80 Million and Rs. 159.93 Million respectively.
IKIO Lighting IPO – Promoters
The Promoter of this company is:
- HARDEEP SINGH
- SURMEET KAUR
List of Related Parties (Key Managerial Personnel)
- Hardeep Singh, Managing Director and Chairman
- Surmeet Kaur, Whole-time Director
- Sanjeet Singh, Whole-time Director
- Chandra Shekhar Verma, Independent Director
- Kishor Kumar Sansi, Independent Director
IKIO Lighting IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – %
IKIO Lighting IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 9,000,000 Equity Shares aggregating up to Rs.350.00 Crore |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 65,000,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
IKIO Lighting IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment/ prepayment, in full or part, of certain borrowings availed by their Company and its Subsidiaries on a consolidated basis;
- Investment in their wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh; and
- General corporate purposes.
IKIO Lighting IPO – Business Strategy
- Expand into new product lines;
- Expand their manufacturing capacities for their existing and new product lines;
- Diversity their customer base and expand across geographies;
- Continue to invest in R&D and expand their ODM business; and
- Continue to focus on sustainability through ESG investments
IKIO Lighting IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Poised to capture the growth of the LED market;
- Diverse product basket with a focus on high-margin areas;
- Long-term relationships with leading industry customers;
- Strong focus on R&D;•Established infrastructure with backward integration;
- Strong and consistent financial performance; and
- Experienced Promoters and Management Team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 4.31 |
36.64
|
11.76
|
| 31-Mar-21 |
3.17
|
42.60
|
– |
| Mar-20 |
2.46
|
57.84
|
– |
IKIO Lighting IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| IKIO Lighting Limited | 10 | [●] |
4.31
|
36.64
|
2,207.19
|
| Listed Peers | |||||
|
Dixon Technologies (India) Limited
|
2 |
90.93
|
32.31
|
19.08
|
1,07,008.90
|
| Amber Enterprises India Limited | 10 |
57.07
|
32.41
|
6.30
|
42,396.30
|
IKIO Lighting IPO Lead Managers
| Lead Managers |
| Motilal Oswal Investment Advisors Limited 10th Floor, Motilal Oswal Tower, Rahimtullah, Sayani Road, Opposite Parel S.T. Depot, Prabhadevi Mumbai-400025, Maharashtra, India Telephone:+91 22 7193 4380E-mail:ikio.ipo@motilaloswal.com Investor Grievance ID:moiaplredressal@motilaloswalgroup.com Website:www.motilaloswalgroup.com Contact Person: Ritu Sharma SEBI Registration Number: INM000011005 |
IKIO Lighting IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Limited Selenium Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally Hyderabad 500 032, Telangana, India Telephone:+91 4067162222/18003094001 E-mail:ikiolighting.ipo@kfintech.com Investor Grievance ID:einward.ris@kfintech.com Website:www.kfintech.com Contact Person: M Murli Krishna SEBI Registration Number: INR00000022 |
IKIO Lighting IPO – Other Details
- Statutory Auditor – BGJC & Associates LLP, Chartered Accounts
- Legal Counsel to the Company – M/s. Crawford Bayley & Co.
- Bankers to the Company – HDFC Bank Limited and IndusInd Bank Limited
IKIO Lighting IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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IKIO Lighting Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
IKIO Lighting IPO Review FAQs
Check out various FAQs related to the IKIO Lighting IPO:
What is the Issue Size of the IKIO Lighting IPO?
The Company is making an initial public offer of 9,000,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the IKIO Lighting IPO?
The price band for this particular IPO ranges between Rs 270 to Rs 285. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the IKIO Lighting IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 6 June 2023, while the closing date is set at 8 June 2023.
What is the IKIO Lighting IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 13 June 2023, refund initiation is on 14 June 2023, credit of shares is on 15 June 2023, and share listing date is on 16 June 2023.
What is the IKIO Lighting IPO Listing Date?
Shares of this company shall be listed in the exchanges on 16 June 2023. The date, when the listing would be done, is stagnant on 16 June 2023.
Who is the Registrar of IKIO Lighting IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of IKIO Lighting IPO?
Here are the promoters of this IPO – HARDEEP SINGH AND SURMEET KAUR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of IKIO Lighting IPO?
They have obtained the GMP of this IPO and it is Rs 120. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is IKIO Lighting IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of IKIO Lighting Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Million is 280.10, 2021 is 205.80, and 2020 is 159.93. PAT from Dec 2022 is 345.82.
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