-- / 52 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
285
Lot Size
52
IPO Size
₹ 606.50 Cr
IPO Listing Details
Listing On
16 Jun'23
Issue Price
--
Listed Price
₹ 392.5
Retail Gain/Listing Gain
▲37.72%
IPO Timeline
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.
Particulars (in Rs. Lakhs)
Particulars (in Rs. million)
How to apply for IPO through ASBA
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IKIO Lighting Ltd IPO FAQs
When is IKIO Lighting Ltd IPO listing date?
IKIO Lighting Ltd will list on 2023-06-16.
What is the issue size of IKIO Lighting Ltd IPO?
606.50 is the issue size of IKIO Lighting Ltd IPO.
What is the price band of the IKIO Lighting Ltd IPO?
The price band of IKIO Lighting Ltd IPO is ₹285 to ₹0.
What is Ikio Lighting Limited IPO?
The Ikio Lighting Limited IPO has an issue size of Rs. 606.51 crore. The IPO opens for subscription on 6th June and ends on 8th June.
Who is the Registrar of Ikio Lighting Limited IPO?
KFin Technologies Limited is the registrar for this IPO.
Where can I read more about Ikio Lighting Limited’s business?
You can read more about Ikio Lighting Limited and its IPO from the company’s red herring prospectus (RHP) here: Ikio Lighting Limited.
