IPO Issue Details
Issue Price / Price Band₹285 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size52 Shares per Lot
Total Issue Size2,12,80,701 shares (aggregating up to ₹606.50 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 06 Jun 2023
Subscription CloseThu, 08 Jun 2023
Anchor AllotmentMon, 05 Jun 2023
Basis of AllotmentTue, 13 Jun 2023
Initiation of RefundsWed, 14 Jun 2023
Credit of Shares to DematThu, 15 Jun 2023
Listing DateFri, 16 Jun 2023
UPI Mandate Deadline2023-06-08
Application & Investment Details
Retail — Min (1 Lots)₹14,820 — 52 shares
Retail — Max (13 Lots)₹192,660 (13 Lots)
HNI — Min (14 Lots)₹2,07,480 — 728 shares
EPS (Pre-IPO)₹7.90
P/E Ratio (Pre-IPO)32.13x
Post-IPO Promoter Holding7,72,80,701 shares
Fresh Issue Shares1,22,80,701 shares (aggregating up to ₹350.00 Cr)
About IKIO Lighting Ltd.
Incorporated in 2016, IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions. In its journey of over seven years, the entity focused on providing sustainability and low-energy LED products to help India meet its sustainability goals.The product portfolio of IKIO can be categorized as LED lighting, Refrigeration lights, ABS (acrylonitrile butadiene styrene) piping and other products.The company is primarily an Original Design Manufacturer (ODM). They design, develop, manufacture and supply products to customers. Thereon, the customers further distribute the products under their own brands. Alongside, they also work with the customers to develop, manufacture and supply products as designed by the customers.The company's LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories, and components. The products are designed and created to cater to the distinct requirements and expectations of the customers.The total revenue of IKIO Lighting Limited in the preceding financial years 2022, 2021, and 2020 was 3,339.95 million, .72 million, and 2,218.28 million, respectively.
Objects of the Issue
IKIO Lighting Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on consolidated basis;
50.00
2
2 Investment in our wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh; and
212.31
3
3 General corporate purposes.
66.96
Shareholding & Lock-in
Pre-IPO Promoter Holding
Not Available
Post-IPO Promoter Holding
7,72,80,701 shares
Lock-in Period (30%)July 13, 2023
Lock-in Period (50%)September 11, 2023