IKIO Lighting

About IKIO Lighting Limited IPO

Incorporated in 2016, IKIO Lighting is an Indian manufacturer of light-emitting diode (LED) lighting solutions. The company primarily designs, develops, manufactures and supplies different lighting products for its customers who further distribute these products under their own brands. 

LED lighting, refrigeration lights, ABS piping are some of the key products designed and manufactured by the company. It has a diversified customer base across industry and geographics, with Signify Innovations India (Philips Electronics) being its largest client. As on 31 March 2022, the company reported order bookings of ₹88.2 crore, with major orders coming from Signify. 

IKIO Lighting has four manufacturing facilities located in Noida and Uttarakhand. As on December 31,2022, the total annual installed capacity of LED Lights was 2.06 crore pieces and Fan and Switches was 2.18 crore pieces. Along with this, the company also has an in-house R&D department, which focuses on design and development of products.

IKIO Lighting IPO will be a combination of  fresh issue and an offer for sale. The money raised through the fresh issue will be utilised to repay all or portion of the outstanding borrowings of the company. Further, IPO proceedings will be used to set up a new facility in Noida and for general corporate purposes. 

Here are key details about the IKIO Lighting IPO:

 Financial snapshot

Here’s a quick look at IKIO Lighting Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

1. Between FY20 to FY22, the company's revenue increased from ₹220 to ₹331 crore, a CAGR growth of over 14%. Meanwhile, its net profit increased at a CAGR of 33 % to ₹50.5 crore during the same period.
2. Company has diverse product offerings which helps it to cater to increasing requirements of its clients.
3. For the nine month ended 31 December 2022, the company derived over 85% of its revenue from repeat customers. This indicates the company has high customer retention.
4. Increasing awareness and adoption of LED lighting compared to incandescent bulbs offers a great opportunity to the company to further expand its product offerings and gain market share.  

Risks and threat

1. Company derives a significant portion of its revenue from a single client, Signify Innovations India. Hence any reduction in new orders from this client could impact business growth.
2. Company operates in a highly competitive and rapidly evolving industry. Failure to adapt to new technological changes could adversely affect business. 
3. Depends on third party suppliers for its key components. Any shortfall in supplies of these components or increase in raw material costs could affect the company's product offerings.

IKIO Lighting Limited IPO details

| IKIO Lighting Limited IPO date 

The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the IKIO Lighting IPO’s opening date – in other words, the IKIO Lighting IPO launch date – will be 6th June 2023. The IKIO Lighting IPO closing date is 8th June 2023. After this, investors will be updated about the allotment status on 13th June 2023.

Investors, who have been allotted shares, can expect them to be credited to their demat account on 15th June 2023. The IKIO Lighting IPO listing date is 16th June 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. 

| IKIO Lighting IPO Price Band

The entire IPO is a book-built issue. The IKIO Lighting IPO price band has been set between ₹270 and ₹285 per share. Interested investors can choose a price within this band to apply for the IPO. 

The IKIO Lighting IPO listing price will be determined on 16th June 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.

| IKIO Lighting IPO Lot size

The IKIO Lighting IPO details have been declared. The IKIO Lighting IPO lot size is set at 52 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the IKIO Lighting IPO issue size is approx ₹607 crore. 

How to apply for the IKIO Lighting Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the IKIO Lighting IPO, here are the steps that you need to follow.

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the IKIO Lighting Ltd IPO on Upstox: 

1. Log in to your Upstox account, using your six-digit PIN
2. After logging in, click on ‘Discover’
3. On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘IKIO Lighting IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

How to check the IKIO Lighting Limited IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the IKIO Lighting Ltd IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After logging in, click on ‘Discover’
3. On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your IKIO Lighting IPO allotment status will be mentioned

Open a demat account with Upstox to apply for the IKIO Lighting Limited IPO

To apply for the IKIO Lighting Ltd IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details 
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque and your bank statement as needed
4. Complete the e-verification using the OTP sent to your registered mobile number

This is all it takes to open a demat account with Upstox. Easy and quick, right?  

Upstox – trading app to apply for the IKIO Lighting Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the IKIO Lighting IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, due to its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.