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IKIO Lighting IPO Details 2023

IPO Status: Listed [6th Jun 2023 to 8th Jun 2023]

Rated 3/5 by Team InvestorGain
IKIO Lighting IPO Detail

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.

IKIO Lighting IPO Details

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

IKIO Lighting IPO Important Dates

Get important updates regarding IKIO Lighting IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

IKIO Lighting IPO dates
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

IKIO Lighting IPO Lots

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)

IKIO Lighting IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
16-06-2023285903500₹375 (31.58%)16-Jun-2023 10:14
IPO Live GMP
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**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.

About Company - IKIO Lighting

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.

IKIO Lighting IPO Strengths

  • Poised to capture growth of LED market
  • Diverse product basket with focus on high-margin areas
  • Long term relationships with leading industry customers
  • Strong focus on R&D
  • Established infrastructure with backward integration
Incorporation Sector IPO Issue Size Website
2016 LED industry ₹606.50 Cr http://www.ikio.in/

IKIO Lighting IPO Objective

The Company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on a consolidated basis
  2. Investment in the wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh
  3. General corporate purposes
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IKIO Lighting IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 4,256,140 Shares
  • Non-Institutional Investors: 3,192,107 Shares
  • Retail Individual Investor: 7,448,246 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered4,256,140 (28.57%)3,192,107 (21.43%)7,448,246 (50%)14,896,493
16th Jun 2023 19:040.30x3.09x1.73x1.61x
27th Jun 2023 19:041.36x16.55x6.18x7.02x
38th Jun 2023 19:04163.06x65.38x14.31x67.75x
IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20144.83221.8321.4135.9046.86
31-Mar-21174.45214.5728.8162.8669.36
31-Mar-22264.87334.0050.52108.87106.56
31-Dec-22335.50332.7951.35140.83136.33
Amount in ? Crore

IKIO Lighting IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
IKIO Lighting Limited4.314.3111.7636.64Consolidated
Dixon Technologies (India) Limited32.3132.31167.9290.9319.08Consolidated
Amber Enterprises India Limited32.4132.41514.757.076.3Consolidated
Syrma SGS Technology Limited4.974.9739.2163.2810.29Consolidated
Elin Electronics Limited9.599.5974.2213.9112.93Consolidated

Company Address

IKIO Lighting Limited
411 - Arunachal Building,19 Barakhamba Road, Connaught Place
New Delhi,Delhi-110 001
India
Website: http://www.ikio.in/
Phone: +91 120 � 4116186
Email: [email protected]

IKIO Lighting IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]

IKIO Lighting IPO Lead Manager

IKIO Lighting IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for IKIO Lighting? Should I apply in IKIO Lighting IPO?

Last Updated on 19-Jun-2023 09:00:12

FAQs

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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Apply in IKIO Lighting IPO online

To subscribe or apply in IKIO Lighting IPO, you can use the following methods:

IKIO Lighting IPO Applying ModeMethodDetails
Online Application3-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 Application2-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 ApplicationASBA

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 ApplicationPhysical 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

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 52 and max 676 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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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.

Other relevant questions:

When IKIO Lighting IPO will be listing? IKIO Lighting IPO NSE listing date?IKIO Lighting IPO date of listing.IKIO Lighting IPO BSE listing date?

 

IKIO Lighting IPO Allotment Date is 13-06-2023.

Other relevant questions:

IKIO Lighting IPO share allotment date?IKIO Lighting IPO allotment date?

 


User Reviews

5. Vivek  May 30 2023 09:30:08 PM Reply
IKIO Lighting IPO expected listing gain.
4. Santosh  May 30 2023 09:30:08 PM Reply
Please confirm IKIO Lighting IPO GMP (grey market premium) and kostak.
3. Vasantha May 30 2023 09:30:08 PM Reply
IKIO Lighting IPO good or bad.
2. PRAKASH May 30 2023 09:30:08 PM Reply
IKIO Lighting IPO whether to invest or not.
1. Yogesh Harishchandra Vaidya  May 30 2023 09:30:08 PM Reply
IKIO Lighting IPO - CRISIL Rating, Apply or not?.