IKIO Lighting Limited, founded in 2016, is an Indian company specializing in the manufacturing of light-emitting diode (LED) lighting solutions. With a history of over seven years, IKIO has been dedicated to providing sustainable and energy-efficient LED products, aligning with India’s sustainability goals.
The product portfolio of IKIO encompasses various categories, including LED lighting, Refrigeration lights, ABS piping (acrylonitrile butadiene styrene), and other related products. As an Original Design Manufacturer (ODM), IKIO’s primary focus is on designing, developing, manufacturing, and supplying products to its customers. Subsequently, these customers distribute the products under their own brands. Furthermore, IKIO collaborates with its customers to create and supply products based on their specific designs and requirements.
IKIO’s LED lighting offerings primarily target the premium segment, offering a comprehensive range of lighting solutions, fittings, fixtures, accessories, and components. These products are carefully designed and crafted to meet the distinct expectations and needs of their customers.
IKIO Lighting IPO Details
IPO Date | Jun 6, 2023 to Jun 8, 2023 |
Listing Date | 16 June 2023 |
Face Value | ₹10 per share |
Price | ₹270 to ₹285 per share |
Lot Size | 52 Shares |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 65,000,000 |
Allocation of anchor investors in the IKIO Lighting IPO
The anchor investors will be allocated a total of 6,384,209 shares at a price of Rs 285 per share.
S.No. | Name of Anchor Investor | No. of Shares Allocated | Bid Price Per Share (Rs.) | Anchor Investor Portion (%) | Total Amount Allocated (Rs.) |
1 | HDFC Large and Mid Cap Fund | 584,792 | 285 | 9.16 | 166,665,720 |
2 | HDFC Trustee Company Ltd – HDFC Infrastructure Fund | 187,148 | 285 | 2.93 | 53,337,180 |
3 | ICICI Prudential Flexicap Fund | 578,968 | 285 | 9.07 | 165,005,880 |
4 | ICICI Prudential Innovation Fund | 192,972 | 285 | 3.02 | 54,997,020 |
5 | Goldman Sachs Funds – Goldman Sachs India Equity Portfolio | 771,940 | 285 | 12.09 | 220,002,900 |
6 | Quant Mutual Fund – Quant Value Fund | 594,529 | 285 | 9.31 | 169,440,765 |
7 | Malabar India Fund Ltd | 491,244 | 285 | 7.69 | 140,004,540 |
8 | Mirae Asset India Sector Leader Equity Fund | 245,648 | 285 | 3.85 | 70,009,680 |
9 | Mirae Asset India Soloman Equity Investment Trust I | 245,648 | 285 | 3.85 | 70,009,680 |
10 | Rohdea Master Fund | 491,244 | 285 | 7.69 | 140,004,540 |
11 | Motilal Oswal Select Opportunities Fund Series III | 491,244 | 285 | 7.69 | 140,004,540 |
12 | Cohesion MK Best Ideas Sub – Trust | 491,244 | 285 | 7.69 | 140,004,540 |
13 | Bengal Finance & Investment Pvt. Ltd. | 491,244 | 285 | 7.69 | 140,004,540 |
14 | Ananta Capital Ventures Fund | 175,448 | 285 | 2.75 | 50,002,680 |
15 | Citigroup Global Markets Mauritius Pvt Ltd | 175,448 | 285 | 2.75 | 50,002,680 |
16 | Societe Generale- Odi | 175,448 | 285 | 2.75 | 50,002,680 |
Utilization of Funds:
The company intends to utilize the net proceeds from the IPO for the following purposes:
- Repayment or prepayment, either fully or partially, of certain borrowings obtained by the company and its subsidiaries on a consolidated basis.
- Investment in its wholly-owned subsidiary, IKIO Solutions Private Limited, to establish a new facility in Noida, Uttar Pradesh.
- General corporate purposes.
IKIO Lighting IPO Review (May apply):
[Dilip Davda’s Opinion] Despite the LED lighting solutions segment being highly competitive, IKIO Lighting Limited (ILL) holds a significant market share with certain products enjoying virtual monopolies and Philips being their major customer. The management is confident about maintaining positive trends with their ongoing expansion plans. Informed investors might consider investing for medium to long-term potential rewards.
The IPO IKIO Grey Market Premium (GMP)
The IPO IKIO Grey Market Premium (GMP) is a measure derived from the demand for a company’s IPO. It is calculated unofficially in the unregulated market after the announcement of the IPO date and price range. Potential IPO investors often assess the premium associated with an IPO before making their investment decisions, although it can fluctuate based on market conditions, demand, and subscription levels.
IKIO Lighting | 6-8 Jun | ₹105 | ₹285 | 37% |
What is the date of the IKIO Lighting IPO?
Its 6th june 2023-8th june 2023.
How can I apply for shares in the IKIO Lighting IPO?
The process to apply for an IPO (Initial Public Offering) may vary slightly depending on the country and the specific requirements of the IPO. However, here are some general steps that are typically involved in applying for an IPO:
Open a Demat Account: Ensure that you have a Demat (Dematerialized) account with a registered Depository Participant (DP). A Demat account holds your shares in electronic form.
Research and Select: Conduct thorough research on the IPO you are interested in. Study the company’s prospectus, financials, industry outlook, and other relevant information to make an informed investment decision.
Choose a Bank or Broker: Identify a bank or brokerage firm that is offering IPO application services. Ensure that they are registered with the stock exchange where the IPO is being listed.
Obtain Application Form: Obtain the IPO application form from the designated bank or broker. This can usually be done online through their website or by visiting their physical branch.
Fill out the Application Form: Carefully fill out the application form, providing accurate details such as your personal information, Demat account details, and the number of shares you wish to apply for.
Make Payment: Calculate the total amount based on the number of shares and the price per share. Make the payment using the available options, such as online banking, check, or demand draft, as specified in the application form.
Submit Application: Submit the completed application form along with the payment to the designated bank or broker within the specified timeline. Ensure that you retain a copy of the application form and payment receipt for future reference.
Application Confirmation: Once your application is processed, you will receive an application confirmation or an allotment advice, indicating the number of shares allotted to you (if any).
Listing and Allotment: After the IPO closes and the allotment process is completed, the shares will be credited to your Demat account if your application is successful. You can check the status of your allotment through the designated stock exchange or the registrar’s website.
It’s important to note that the specific procedures and requirements for applying to an IPO may differ, so it is advisable to carefully read the instructions provided by the company and follow the guidelines provided by the bank or broker handling the IPO application.
What is the price band for the IKIO Lighting IPO?
The price band for the IKIO Lighting IPO is ₹270 to ₹285 per sharethrough official announcements. It represents a range within which the IPO shares are offered to investors.
What are the financials of IKIO Lighting Limited?
To access the financial information of IKIO Lighting Limited, you can refer to the company’s prospectus or financial statements available on their website. These documents provide insights into the company’s revenue, profitability, assets, and other financial metrics.
What are the key risks associated with investing in the IKIO Lighting IPO?
Investing in any IPO carries inherent risks. Some of the key risks associated with the IKIO Lighting IPO may include market volatility, industry competition, regulatory changes, and potential business challenges specific to the company. It is essential to carefully review the IPO prospectus and seek professional advice to understand the risks involved before making any investment decisions.