IKIO Lighting IPO Details
Issue Date
--
Price Range
₹285
Lot Size
52
IPO Size
₹606.50 Cr
IKIO Lighting IPO Listing Details
Listing On
16 Jun'23
Issue Price
--
Listed Price
₹ 392.5
Retail Gain/Listing Gain
▲37.72%
Schedule of IKIO Lighting IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
16/06/2023
Company Background
Ikio Lighting Ltd. is an Indian manufacturer of Light Emitting Diode (LED) lighting solutions, focused on sustainability and providing low energy LED products to help India meet its sustainability goals. The company’s product offerings include (i) LED lighting; (ii) refrigeration lights; (iii) ABS (Arylonitrile Butadiene Styrene) piping; and (iv) other products, which are used in various industries and products, including residential, industrial and commercial lighting.
The company’s largest customer is Signify Innovations India Limited, erstwhile Philips Electronics India Limited (Signify (Philips)) and have a diversified customer base across industry sectors and geographies, including Western Refrigeration Private Limited, Panasonic Life Solutions India Private Limited and Novateur Electrical & Digital Systems Private Limited.
Ikio has earned a high customer retention rate, where in the nine months ended December 31, 2022 and in Fiscal 2022, their consolidated restated revenue from operations from their top ten customers were ₹2,068.87 million and ₹2,172.63 million, respectively, representing 85.94% and 98.80%, respectively, of their consolidated restated revenues from operations.
Risk Factors
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Majority revenue is derived from a single customer, albeit large in scale.
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Majority revenue is derived from a single product in the portfolio, which is LED lighting.
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No commitments from customers on firm and long-term volume purchases.
Key Strategies
Here are a few strategies IKIO Lighting Limited has for its business:
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Expand into new product lines
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Expand manufacturing capacities for existing and new product lines
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Diversify customer base and expand across geographies
IKIO Lighting Limited Financials
And finally here’s a look at key financials of Ikio Lighting Limited.
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