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IPO Status: Listed [6th Jun 2023 to 8th Jun 2023]
IKIO Lighting Limited is offering an IPO that comprises both a Fresh issue size of Rs 350.00 Cr and an OFS (Offer For Sale) issue size of 0.90 Cr Equity Share. The subscription period for this IPO is from 06 May, 2023 to 08 Jun, 2023. The face value of this IPO is Rs 10 per equity share and the issue price band ranges from Rs 270 tp Rs 285 per share along with the lot size of 52 shares.. This company will be listed on both NSE and BSE Exchanges.
Stay tuned for more information on IKIO Lighting Limited's IPO, including company overview, financials, live subscription, allotment, GMP and more.
IPO Issue Opening Date: | 6th Jun 2023 |
IPO Issue Closing Date: | 8th Jun 2023 |
IPO Issue Price: | ₹270-285 Per Share |
DRHP: | Download DRHP |
RHP: | Download RHP |
Anchor List: | Download Anchor List |
IPO Listing At: | BSE, NSE |
Retail Quota: | Not less than 35% of the Net Issue |
IPO Issue Type: | Book Build Issue |
IPO Issue Size: | ₹606.50 Cr |
Offer for Sale: | ₹256.50 Cr |
Fresh Issue: | ₹350.00 Cr |
Face Value: | ₹10 Per Equity Share |
IPO Discount: | TBD |
Promoter Holding Pre IPO: | 100.00% |
Promoter Holding Post IPO: | 72.46% |
Allotment Status: | Allotment Status |
BSE Code: | 543923 |
NSE Code: | IKIO |
Get important updates regarding IKIO Lighting IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
IPO Activity | Date |
---|---|
Basis of Allotment Date* | 13th Jun 2023 |
Refunds Initiation* | 14th Jun 2023 |
Credit of Shares to Demat* | 15th Jun 2023 |
IPO Listing Date* | 16th Jun 2023 |
* - Tentative Dates
IPO Activity | Date |
---|---|
Issue Price | ₹270-285 |
Market Lot: | 52 Shares |
1 Lot Amount: | ₹14820 |
Min Small HNI Lots(2-10 Lakh): | 728 shares (14 lots) |
Min Big HNI Lots(10+ Lakh): | 3536 shares (68 lots) |
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
---|---|---|---|---|---|
16-06-2023 | 285 | 90 | 3500 | ₹375 (31.58%) | 16-Jun-2023 10:14 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
IKIO Lighting was established in 2016. And it is an Indian manufacturer of light emitting diodes ("LED") lighting solutions. The company focuses on sustainability and offers energy-efficient LED products that help India achieve its sustainability goals. The Company is primarily an Original Design Manufacturer ("ODM") and designs, develops, manufactures and supplies products to customers who resell them under their own brands. The Company also works with its customers to develop, manufacture and supply products designed by them. The Company's products are categorised as follows: (i) LED lighting; (ii) lighting for refrigeration; (iii) ABS (acrylonitrile butadiene styrene) tubing; and (iv) its products. LED the Company's lighting product line focuses on the premium segment, including luminaires, fixtures, accessories, and components.
IKIO also provides lighting solutions (luminaires, drivers, and controls) to commercial refrigeration suppliers under its refrigerated lighting segment. In addition, IKIO manufactures an alternative to polyvinyl chloride pipe (" ABS ) used primarily by its U.S. customers or for plumbing applications in the "RVs" it equips. The company also manufactures and assembles other products, including fan controls, light strips, mouldings and other components and replacement parts designed by its customers. The company's equipment and systems are used in various industries and products, including residential lighting, industrial and commercial.
Incorporation | Sector | IPO Issue Size | Website |
2016 | LED industry | ₹606.50 Cr | http://www.ikio.in/ |
The Company proposes to utilize the Net Proceeds towards funding the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
Day | QIB | NII | RII | Total | |
---|---|---|---|---|---|
# of Shares Offered | 4,256,140 (28.57%) | 3,192,107 (21.43%) | 7,448,246 (50%) | 14,896,493 | |
1 | 6th Jun 2023 19:04 | 0.30x | 3.09x | 1.73x | 1.61x |
2 | 7th Jun 2023 19:04 | 1.36x | 16.55x | 6.18x | 7.02x |
3 | 8th Jun 2023 19:04 | 163.06x | 65.38x | 14.31x | 67.75x |
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
---|---|---|---|---|---|
31-Mar-20 | 144.83 | 221.83 | 21.41 | 35.90 | 46.86 |
31-Mar-21 | 174.45 | 214.57 | 28.81 | 62.86 | 69.36 |
31-Mar-22 | 264.87 | 334.00 | 50.52 | 108.87 | 106.56 |
31-Dec-22 | 335.50 | 332.79 | 51.35 | 140.83 | 136.33 |
Amount in ? Crore |
The table below show peer comparison from DRHP/RHP.
Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
---|---|---|---|---|---|---|
IKIO Lighting Limited | 4.31 | 4.31 | 11.76 | 36.64 | Consolidated | |
Dixon Technologies (India) Limited | 32.31 | 32.31 | 167.92 | 90.93 | 19.08 | Consolidated |
Amber Enterprises India Limited | 32.41 | 32.41 | 514.7 | 57.07 | 6.3 | Consolidated |
Syrma SGS Technology Limited | 4.97 | 4.97 | 39.21 | 63.28 | 10.29 | Consolidated |
Elin Electronics Limited | 9.59 | 9.59 | 74.22 | 13.91 | 12.93 | Consolidated |
Last Updated on 19-Jun-2023 09:00:12
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase IKIO Lighting IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply IKIO Lighting IPO with Zerodha.
Alternate approch to apply in IKIO Lighting IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
IKIO Lighting IPO Review and Important Updates
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To subscribe or apply in IKIO Lighting IPO, you can use the following methods:
IKIO Lighting IPO Applying Mode | Method | Details |
Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in IKIO Lighting IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in IKIO Lighting IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
Online Application | ASBA | This is one of the most popular mode of applying in IKIO Lighting IPO. Most of the Syndicate Banks provide access to apply in IKIO Lighting IPO via ASBA process. You must have your net banking access, DP ID information to apply in IKIO Lighting IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
Offline Application | Physical Form | You can apply in IKIO Lighting IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
IKIO Lighting IPO Review and Important Updates
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Applying in IKIO Lighting IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download IKIO Lighting IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply IKIO Lighting IPO, please refer article >> Link
IKIO Lighting IPO Review and Important Updates
Steps to download the online application form for IKIO Lighting IPO
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IKIO Lighting IPO is going to be list on 16-06-2023. NSE Code for IKIO Lighting is IKIO. BSE Code for IKIO Lighting is 543923.
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IKIO Lighting IPO Allotment Date is 13-06-2023.
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IKIO Lighting IPO share allotment date?IKIO Lighting IPO allotment date?