IKIO Lighting limited is an Indian company that manufactures LED lighting products. In order to assist India in achieving its sustainability goals, they are committed to sustainability and offer low energy LED goods. IKIO Lighting IPO will hit the stock market in January 2023.
Table of Contents
About IKIO Lighting
They design, develop, produce, & supply products to clients who then further distribute them under their own names. They are largely an original design manufacturer.
Additionally, they collaborate with their clients to create, produce, & supply products using client designs. LED lighting, refrigerated lights, ABS pipework & other items are some of the categories under which they classify their products.
They offer lighting, fittings, fixtures, accessories, and components for LED lighting, with a premium market focus. Under their refrigerated light section, they offer lighting solutions (lights, drivers, & controllers) to manufacturers of commercial refrigeration equipment.
In addition, they produce ABS pipe, a substitute for polyvinyl chloride piping that is largely used by their US clients for plumbing purposes in the recreational vehicles they outfit.
Business
Their largest client is Signify Innovations India Limited, formerly known as Philips Electronics India Limited (“Signify (Philips)”).
According to Frost & Sullivan, it held a 50% market share in India’s functional decorative lighting category (such as LED spotlights, LED downlights, and cove lights) and a 10% market share in the country’s traditional decorative lighting segment in Fiscal 2022. (including chandeliers, wall lights, pendants, outdoor lights). (Report by F&S)
One of their Promoters, Hardeep Singh, has been working with Signify for ten years (Philips). They have a broad range of clients, including Signify (Philips), Western Refrigeration Private Limited, Panasonic Life Solutions India Private Limited, and Novateur Electrical & Digital Systems Private Limited, among others. They have a solid track record of keeping customers.
Clients and R&D
They had repeat business from clients for about 93.56% of their activities in Fiscal 2022. They obtained 78.81% of their pro forma consolidated revenues from operations from returning customers in Fiscal 2022.
With seven of these top 10 clients in Fiscal 2022, they had partnerships that lasted more than three years. Additionally, we are establishing a global clientele, primarily in the US. Their R&D division concentrates on designing products, tools and molds, electronic circuits, and prototypes.
As of August 31, 2022, there are 14 people on their R&D team, 9 of them have bachelor’s degrees in technology (mechanics, electronics, and communication), while the other 5 have diplomas in electronics and electricals. Their expert R&D department independently develops their ODM designs
IKIO Lighting IPO
IKIO Lighting Limited, headquartered in Delhi has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 350 Crore and 7,500,000 Equity Shares on 29 September 2022.
The offer includes a fresh issue of INR 350 Crore and there is offer for sale (OFS) of 7,500,000 Equity Shares by the promoters mentioned in the DRHP. They are not looking for any Pre-IPO placement in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 264.87 | 174.45 | 144.83 | ||
| Total Revenue | 334.00 | 214.57 | 221.83 | ||
| Profit After Tax | 50.52 | 28.81 | 21.41 | ||
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 2.46 | 2.46 | 3 |
| Financial Year 2021 | 3.17 | 3.17 | 2 |
| Financial Year 2022 | 4.31 | 4.31 | 1 |
| Weighted Average | 3.62 | 3.62 | |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
IKIO Lighting limited feel that the following business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:
- Ready to seize the LED market’s expansion.
- A wide range of products with an emphasis on high-margin industries.
- Enduring connections with top industry clients.
- R&D is given priority.
- Infrastructure that has been in place and is integrated backward.
- Strong and reliable financial results.
- Promoters with experience and a management team.
IKIO Lighting Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Dixon Technologies Limited | 140.31 |
| 2 | 10 | Amber Enterprises Limited | 69.93 |
| 3 | 10 | Syrma SGS Technology Limited | 60.97 |
- All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
- The P/E ratio is calculated by dividing the closing market price of equity shares on the NSE on September 21, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.
IKIO Lighting IPO Details
| IPO Opening Date | January 2023 |
| IPO Closing Date | January 2023 |
| Issue Type | Book Building |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | – |
| Fresh Issue | INR 350 Crore |
| Offer for Sale | 7,500,000 Equity Shares |
IKIO Lighting IPO Date
IKIO Lighting Limited IPO opening date is January 2023, and the closing date is January 2023. The IKIO Lighting issue may list in January 2023.
| IPO Opening Date | January 2023 |
| IPO Closing Date | January 2023 |
| Basis of Allotment Date | January 2023 |
| Initiation of Refunds | January 2023 |
| Credit of Shares to Demat Account | January 2023 |
| IPO Listing Date | January 2023 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 35 | Minimum 1 lot based on availability |
IKIO Lighting IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of IKIO Lighting IPO.
IKIO Lighting IPO GMP
IKIO Lighting Limited IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
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Check Out the GMP of all Other IPOs
IKIO Lighting Limited IPO Review
IKIO Lighting Limited IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of IKIO Lighting IPO is good or bad.
IKIO Lighting Limited IPO Risk
- They don’t get solid, long-term agreements from their clients regarding volume purchases.
- For their continued success, they are reliant on their R&D efforts. They run the risk of having negative effects on their business if they are unable to successfully develop new items in a timely and economical manner.
- They depend on a variety of outside suppliers for their essential raw materials, stock in trade, and customer support services like returns and product repairs.
- Their line of work could subject them to potential warranty claims, product recalls, and returns, all of which could have a negative impact on their operations, reputation, and the marketability of their goods.
- Company inability to collect receivables and customers’ payment defaults could lower their earnings.
Other Threats
- IKIO Lighting Limited might not be able to utilize their backward integration as effectively as they could to improve and assist their business, which could have an impact on their operations, financial situation, and business.
- The COVID-19 pandemic’s effect on IKIO Lighting Limited’s business, operating results, and financial situation is unpredictable and still developing.
- They service cyclical markets that are susceptible to economic downturns, which could hurt their business and make it challenging to forecast long-term profitability.
- Due to the location of IKIO Lighting production plants in Uttarakhand and the National Capital Region (or “NCR”), they are at danger from geographical risks and regulations, including labor unrest, terrorist attacks, other violent crimes, and the occurrence of natural and man-made disasters.
Manufacturing Facilities
Their manufacturing operations are a major source of revenue for them. They have four production plants, with one in Uttarakhand’s SIDCUL Haridwar Industrial Park and three in the National Capital Region’s Noida.
In keeping with their goal of offering comprehensive product solutions, strengthening their control over our supply chain, and raising their margins. Their primary production processes have been backward integrated. They have built internal resources so they can produce all mechanical parts themselves (save diodes and resistors).
Additionally, they strive to use the greatest environmental, health, and safety procedures in their manufacturing processes. They also work with their suppliers to encourage innovative ideas that will lessen their influence on the environment.
IKIO Lighting Limited IPO Brokerage views
Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this IKIO Lighting IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
IKIO Lighting Limited IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| January 2023 | 1 | |||||
| January 2023 | 2 | |||||
| January 2023 | 3 |
IKIO Lighting Limited Management
They are managed by a capable and experienced management team with the know-how and vision to run and expand their company and advance their sustainability objectives.
Since establishing a sole proprietorship company in 2012, the company’s promoter, Hardeep Singh, has been actively involved in the business as its Managing Director and Chairperson.
Hardeep Singh has more than 20 years of combined experience in the production of LED lights, electronic components, and television kits. He was given the “Game Changer” Award for LED Lighting Production by Philips.
Their partnership with Signify (Philips) and the development of their LED lighting company, which now serves a variety of clients, are both thanks in large part to Hardeep Singh.
IKIO Lighting Limited‘ Promoters
- Hardeep Singh
- Surmeet Kaur
Principal Shareholder’s Holding
| Pre Issue Share Holding | 100.00 % |
| Post Issue Share Holding |
IKIO Lighting Limited Prospectus
Contact Details
IKIO Lighting Limited
411, Arunachal Building, 19
Barakhamba Road, Connaught
Place, New Delhi – 110 001
E-mail: [email protected]
Telephone: + 91 120 – 4116186
Website: www.ikio.in
Registrar
KFin Technologies Limited
Selenium Tower B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India
Tel: +91 4067162222/18003094001
E-mail: [email protected]
Website: www.kfintech.com
Lead Manager(s)
- Motilal Oswal Investment Advisors Limited
We hope we are able to answer all your questions about IKIO Lighting IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
IKIO Lighting Limited IPO Opening Date?
IKIO Lighting Limited IPO will open in January 2023.
IKIO Lighting Limited IPO Listing Date?
IKIO Lighting Limited IPO will list in January 2023.
IKIO Lighting IPO GMP Today?
IKIO Lighting IPO Grey Market Premium is INR 0 .
IKIO Lighting Limited IPO Allotment Date?
IKIO Lighting Limited IPO basis of allotment will be in January 2023.
Lot size for IKIO Lighting Limited IPO?
Lot size for IKIO Lighting Limited IPO is 0.
