IKIO Lighting IPO: Check IPO Date, Lot Size, Price & Others

IKIO Lighting IPO: Indian lighting market dynamics were transformed in June 2024 when IKIO Lighting Limited emerged through its Initial Public Offering. This article offers more details of this groundbreaking event as well as performance metrics and future prospects of IKIO.

About IKIO Lighting IPO

IKIO Lighting, established in 2006, is one of India’s leading LED lighting solution providers. Offering residential, commercial, and industrial solutions with indoor/outdoor lighting fixtures as well as downlights/decorative options; their portfolio also covers downlights. IKIO boasts strong presence across southern/western India while simultaneously expanding nationally.

IKIO Lighting IPO

IKIO Lighting IPO Details

The IPO Details:

IKIO Lighting’s initial public offering (IPO) launched on June 6, 2024 and concluded on June 8, 2024, and consisted of an issue consisting of 90,000,000 shares for an amount totaling Rs606.5 crores with prices range between Rs270 to Rs285 per share; retail portion subscribed over 14 times! The IKIO IPO experienced tremendous interest.

IPO DateJune 6, 2023 to June 8, 2023
Listing DateJune 16, 2023
Face Value₹10 per share
Price Band₹270 to ₹285 per share
Lot Size52 Shares
Total Issue Size21,280,701 shares
(aggregating up to ₹606.50 Cr)
Fresh Issue12,280,701 shares
(aggregating up to ₹350.00 Cr)
Offer for Sale9,000,000 shares of ₹10
(aggregating up to ₹256.50 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue65,000,000
Share holding post issue77,280,701

IKIO Lighting IPO Lot Size

Investors may bid on at least 52 shares and multiples thereof; the table below details this minimum/maximum investment threshold by retail investors/HNI respectively in both shares and dollar terms.

ApplicationLotsSharesAmount
Retail (Min)152₹14,820
Retail (Max)13676₹192,660
S-HNI (Min)14728₹207,480
S-HNI (Max)673,484₹992,940
B-HNI (Min)683,536₹1,007,760

Company Financials

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

Performance and Listing:

On June 13, 2024, shares were distributed and listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on June 16, 2024 successfully trading at Rs305.50 their inaugural trading day an increase of 7.582% over their issue price.

Future Prospects:

IKIO Lighting operates in an evolving market with enormous potential, such as India’s LED lighting market which is estimated to reach $12.5 billion by 2027 driven by factors like government initiatives, rising disposable incomes and awareness of energy conservation. Their strong brand, diverse product offerings and commitment to innovation positions them perfectly to capitalise on this expansion.

However, the company faces numerous hurdles including intense competition from established players in its market and potential price volatility in LED. Furthermore, its success as an IPO will rely on whether or not its expansion plans can be executed successfully and profitability maintained.

Conclusion

IKIO Lighting’s initial public offering (IPO) was an unqualified success, reflecting investor trust in their future prospects. While challenges still lie ahead for IKIO, its strong fundamentals and promising LED lighting market provide optimism about growth opportunities over time – only time will tell whether IKIO can shine even brighter over the course of its growth!

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