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IKIO Lighting IPO GMP, Price, Dates & Allotment Details 2023

IKIO Lighting IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The IKIO Lighting IPO opens on June 6 and closes on June 8, 2023. According to the DRHP filed in SEBI, the company intends to raise approximately ₹ 607 crores through this public offering.

IKIO Lighting Limited (“the Company”)

Incorporated in 2016. 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. company is primarily an original design manufacturer (“ODM”) and designs, develops, manufactures, and supplies products to customers who then further distribute these products under their own brands. They also work with their own customers to develop, manufacture, and supply products that are designed by them.

Company products are classified as

  • LED lighting; 
  • refrigeration lights; 
  • ABS (acrylonitrile butadiene styrene) piping; and other products. 

Company LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories, and components. The company’s 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, and outdoor lights).

Company strength

  • Poised to capture growth of LED market
  • Diverse product basket with 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

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. Repayment or 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 in Noida, Uttar Pradesh
  3. General corporate purposes

Financial Highlights (Restated)

ParticularsThe period ended on 31st Dec. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth127764828
Total Assets3211137451
Total Borrowings1361658
Total Revenue3211137451
Profit After Tax35282116
(Amount in ₹ Crore)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 270 to ₹ 285 per share
Face Value₹ 10 per share
Market Lot52 shares
Issue Size[.] shares (aggregating up to ₹ 607 crores)
Fresh Issue[.] shares (aggregating up to ₹ 350 crores)
Offer for Sale9,000,000 shares of ₹ 10 each (aggregating up to ₹ [.] crores)
QIB Shares OfferedNot more than 50% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
Listing AtNSE, BSE
Company PromotersHardeep Singh and Surmeet Kaur

GMP: IKIO Lighting IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: IKIO Lighting IPO

The issue opens for subscription on June 6, 2023, and closes for subscription on June 8, 2023 (both days inclusive). The basis of allotment will be finalised on June 13, 2023, and the refunds will be initiated on June 14, 2023. In addition, the demat credits are expected to happen on June 15, 2023, and the stock will be listed on the NSE and BSE on June 16, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateJune 6, 2023,
Closing DateJune 8, 2023
Basis of AllotmentJune 13, 2023
Initiation of RefundsJune 14, 2023
A credit of shares to Demat A/cJune 15, 2023
Listing DateJune 16, 2023

Lot Size

The lot size of the IKIO Lighting IPO is 52 shares. A retail-individual investor can apply for up to 13 lots, i.e. 676 shares of ₹ 192,660.

ApplicationsLotsSharesAmount 
Retail (Minimum)152₹ 14,820
Retail (Maximum)13676₹ 192,660
S-HNI (Minimum)14728₹ 207,480
S-HNI (Maximum)673,484₹ 992,940
B-HNI (Minimum)683,536₹ 1,007,760

Promoters Holdings 

Pre-issue Shares Holdings100%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationIKIO Lighting Limited
411, Arunachal Building,19 Barakhamba Road, Connaught Place, New Delhi – 110 001
Phone: +91 120 – 4116186
Email: [email protected]
Website: http://www.ikio.in/
IPO RegistrarKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
IPO Lead Manager(s)Motilal Oswal Investment Advisors Pvt Ltd 

FAQs

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

The IKIO Lighting IPO shares listing date is June 16, 2023.

The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.

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