IKIO Lighting Limited IPO Price, Date, Allotment Status

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1 year ago

IKIO Lighting Limited IPO

IKIO Lighting Limited is a manufacturer of LED lighting solutions.

It is primarily an original design manufacturer (ODM)
engaged in designing, development, manufacturing, and supply of products to customers in India and the USA.
These products are then distributed by the customers under their own brands.

IPO Details

The public offer of IKIO Lighting Limited comprises a fresh issue of equity shares aggregating up to Rs. 350 crores and an offer for sale of 90 lakh equity shares from existing shareholders.

IPO date	06 Jun 2023 – 08 Jun 2023
Listing date	16 Jun 2023
Price range	270 – 285
Minimum order quantity	52
(D)RHP	View

Objects of the IPO issue:

Repayment/prepayment in full or part of certain borrowings availed by the company and its subsidiaries
Investment in its wholly owned subsidiary, IKIO Solutions Private Limited for setting up a new facility
General corporate purposes

IPO Dates – IKIO Lighting Limited IPO

Issue Period	6th June to 8th June 2023
Deadline for accepting UPI mandate	Until 5 PM on the issue closing day
Finalization of Allotment	13th June 2023
Initiation of Refunds	14th June 2023
Credit of Shares	15th June 2023
Date of Listing	16th June 2023
Mandate end date	23rd June 2023

Anchor Investors Lock-In End Date

8th July 2023

Company Details – IKIO Lighting Limited

The products and systems manufactured by the company are used across various industries such as residential, industrial, and commercial lighting.

These are categorised under four verticals;

1) LED lighting
2) Refrigeration lights
3) ABS (acrylonitrile butadiene styrene) piping
4) other products such as fan regulators, light strips, etc.

FINANCIALS – IKIO Lighting Limited IPO

Financial Year	Total Assets (₹ crores)	Total Revenue (₹ crores)	Profit After Tax (₹ crores)	EBITDA (₹ crores)	ROCE
March 31, 2020	144.83	221.83	21.41	37.31	37.61%
March 31, 2021	174.45	214.57	28.81	47.81	31.13%
March 31, 2022	264.87	334.00	50.52	77.31	33.07%
As of December 31, 2022	335.50	332.79	51.35	73.41	25.62%