IKIO Lighting Limited IPO: Check Open/Close Date, IPO Price | Espresso

EspressoLogy

IKIO Lighting Limited IPO to Open on June 06. Check IPO Details Issue Date Price

June 05, 2023
IKIO Lighting Limited IPO to Open on June 06. Check IPO Details Issue Date Price

IKIO Lighting Limited is coming out with a fresh public issue to raise Rs. 606.51 crores from the market.

Below are the details of the IKIO Lighting Limited IPO:

  • Issue opens – June 06 (Tuesday)
  • Issue closes – June 08 (Thursday)
  • Issue size – Rs. 606.51 crores
  • Price band – Rs. 270 to 285 per equity share
  • Bid lot – 52 shares and in multiples thereof.

Heard about Pre-Apply IPO?

With Espresso’s Pre-Apply IPO feature, you can apply for IPOs before the start date or even after the market hours! Check out these easy-to-follow tutorials:

Quick Video Guides
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website


Quick Visual Walkthroughs
How to Pre-Apply IPO on the appHow to Pre-Apply IPO on the website


And here are some details of the company and further details on the IKIO Lighting Limited.

Company details:

  • IKIO Lighting Limited is 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. 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.
  • Their products are categorized as (i) LED lighting; (ii) refrigeration lights; (iii) ABS (acrylonitrile butadiene styrene) piping; and (iv) other products. Their LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories, and components. They provide lighting solutions (lights, drivers, and controls) to commercial refrigeration equipment suppliers under their refrigeration light segment. They also manufacture an alternative to polyvinyl chloride (“PVC”) piping called ABS piping that is primarily used by their US customers for plumbing applications in the recreational vehicles (“RVs”) that they fit out. In addition, they manufacture and assemble other products including fan regulators that are designed by their clients: light strips, moulding, and other components and spares. Their equipment and systems are used in various industries and products, including residential, industrial, and commercial lighting.
  • 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). (Source: F&S Report, March 2023). 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.
  • Their R&D department focuses on product designing, tools and mould designing, electronic circuit designing and prototype designing. Their R&D department independently develops ODM designs and verifies and develops OEM designs received from customers and converts such designs into deliverable products by improving the designs, recommending suitable raw materials, and testing of trial products.
  • They have four manufacturing facilities with one located in the SIDCUL Haridwar industrial park in Uttarakhand and three in Noida in the National Capital Region. In line with their focus to provide end-to-end product solutions and to develop better control on their supply chain and improve their margins, they have backward integrated their major manufacturing processes. They have developed in-house capabilities so that they manufacture all mechanical components inhouse (save diodes and resistors). Their facilities are ISO 9001:2015 (quality management system), ISO 14001: 2015 (environmental management system) and ISO 45001-2018 (occupational health and safety) certified.

Issue Size:

Rs. 606.51 crores

Issue break-up:

  • QIB – 50% of the offer – Rs. 303.25 crores
  • NIB – 15% of the offer – Rs. 90.98 crores
  • RET – 35% of the offer – Rs. 212.28 crores

Listing:

BSE and NSE

Registrar:

KFin Technologies Limited

UPI:

All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Thursday, June 08, 2023     

Not an Espresso customer, but still want to apply for the IKIO Lighting Limited IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.