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:
Here’s a quick look at IKIO Lighting Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threat
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:
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:
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:
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.
Pre-applying for the IKIO Lighting IPO means applying for this public issue before it goes live. Click here to pre-apply for the IKIO Lighting IPO on Upstox.
You can pre-apply for the IKIO Lighting IPO from 5th June 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the IKIO Lighting IPO opens for the subscription.
The IKIO Lighting IPO launch date is 6th June 2023. The IKIO Lighting IPO will be open for subscription till 8th June 2023.
The IKIO Lighting IPO lot size is 52 shares and the minimum investment required is ₹14,040.
The IKIO Lighting IPO price band is ₹270 – ₹285 per share.
The size of the IKIO Lighting IPO is approx. ₹607 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 15th June 2023.
IKIO Lighting shares will be on NSE and BSE.
IKIO Lighting shares’ listing date is 16th June 2023.