IKIO Lighting Limited IPO: Price Band, Lot Size, Financials & Review
IKIO Lighting Limited IPO listed on BSE & NSE on Fri, 16 Jun 2023. The issue was subscribed 67.75x overall.
- Open Date
- 6 Jun 2023
- Close Date
- 8 Jun 2023
Last updated
- Price band
- ₹270 – ₹285
- Lot size
- 52 shares
- Min. investment
- ₹14,820
- Issue size
- ₹606.5 Cr
- Last GMP
- +₹90
- Subscribed
- 🔥 67.75x
IKIO Lighting Limited IPO details
IKIO Lighting Limited IPO is a ₹606.5 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹350 Cr (57.71%) with an offer for sale of ₹256.5 Cr (42.29%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Tue, 6 Jun 2023 to Thu, 8 Jun 2023. Allotment was finalised on Tue, 13 Jun 2023, and the shares listed on BSE & NSE on Fri, 16 Jun 2023.
The price band is ₹270 to ₹285 per share and the lot size is 52 shares, so the minimum retail application is ₹14,820. Retail investors can apply for up to 13 lots (676 shares, ₹1,92,660).
KFin Technologies Limited is the registrar, and Motilal Oswal Investment Advisors Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last IKIO Lighting Limited IPO GMP before listing was +₹90 (+31.58% against the upper price band of ₹285), implying an estimated listing price of ₹375.
| Last GMP | +₹90 |
|---|---|
| GMP vs upper band | +31.58% |
| Estimated listing price | ₹375 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the IKIO Lighting Limited IPO day-wise GMP.
Subscription
Day-wise subscription →IKIO Lighting Limited IPO was subscribed 67.75x overall: QIB 163.06x, NII 65.38x and retail 14.31x.
| Category | Subscribed |
|---|---|
| QIB | 163.06x |
| NII | 65.38x |
| Retail | 14.31x |
| Total | 67.75x |
Final figures at the close of bidding on 8 Jun 2023. Category-wise bids, application-wise breakup and allotment chances are on the IKIO Lighting Limited IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 63,84,209 | 30.00% |
| Qualified Institutions | 42,56,140 | 20.00% |
| Non-Institutional | 31,92,107 | 15.00% |
| └ BNII | 21,28,071 | 10.00% |
| └ SNII | 10,64,036 | 5.00% |
| Retail Investors | 74,48,246 | 35.00% |
| Total | 2,12,80,702 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
IKIO Lighting Limited IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 52 | ₹14,820 |
| Retail (Max) | 13 | 676 | ₹1,92,660 |
| S-HNI (Min) | 14 | 728 | ₹2,07,480 |
| S-HNI (Max) | 67 | 3,484 | ₹9,92,940 |
| B-HNI (Min) | 68 | 3,536 | ₹10,07,760 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹350 Cr (57.71%) with an offer for sale of ₹256.5 Cr (42.29%) by existing shareholders. Only the fresh issue money goes to the company.
P/E is not meaningful here because earnings per share is zero or negative.
Promoter holding falls from 100.00% before the issue to 72.46% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹7.9 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 32.13x |
| EPS (post-issue) EPS on the enlarged share capital | ₹0 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | — |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 72.46% |
IKIO Lighting Limited financials
Between 31 Mar 2022 and 31 Mar 2023, Income fell from ₹334 Cr to ₹332.79 Cr, and profit after tax rose from ₹50.52 Cr to ₹51.35 Cr. The PAT margin for 31 Mar 2023 was 15.43%.
| Period ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 144.83 | 174.45 | 264.87 | 335.50 |
| Total Income | 221.83 | 214.57 | 334.00 | 332.79 |
| Profit After Tax | 21.41 | 28.81 | 50.52 | 51.35 |
| Net Worth | 35.90 | 62.86 | 108.87 | 140.83 |
| Total Borrowings | 46.86 | 69.36 | 106.56 | 136.33 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | The market capitalization of IKIO Lighting IPO is Rs 2202.5 Cr |
|---|---|
| ROE % | 36.00 |
| ROCE % | 26.00 |
| Debt / Equity | 1.03 |
| RoNW % | 36.46 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment/prepayment of certain market borrowings. |
| 2 | Investing in the wholly-owned subsidiary to set up a new facility in Noida, Uttar Pradesh. |
| 3 | To meet general corporate purposes. |
About IKIO Lighting Limited
IKIO Lighting Limited specializes in manufacturing LED lighting solutions. As an original design manufacturer (ODM), the company focuses on designing, developing, and producing products for clients in India and the USA, who then distribute these products under their own brands.
IKIO's products and systems cater to various industries, including residential, industrial, and commercial lighting. The company’s offerings are categorized into four main verticals:
1) LED lighting,
2) Refrigerator lights
3) ABS (acrylonitrile butadiene styrene) piping
4) Additional products such as fan regulators and light strips.
Promoters
IKIO Lighting Limited Promoter
Hardeep Singh
Surmeet Kaur
Contact details
IKIO Lighting Limited
411, Arunachal Building,
19 Barakhamba Road, Connaught Place,
New Delhi – 110 001
Phone: +91 120 – 4116186
Email: secretarial@ikiolighting.com
Website: http://www.ikio.in
IKIO Lighting Limited IPO FAQs
- What is the IKIO Lighting Limited IPO price band?
- The IKIO Lighting Limited IPO price band is ₹270 to ₹285 per share.
- What is the IKIO Lighting Limited IPO lot size and minimum investment?
- The IKIO Lighting Limited IPO lot size is 52 shares. The minimum retail investment is ₹14,820 for one lot at the upper price band. Retail investors can apply for up to 13 lots (676 shares), costing ₹1,92,660.
- When was IKIO Lighting Limited IPO open for subscription?
- IKIO Lighting Limited IPO was open for subscription from Tue, 6 Jun 2023 to Thu, 8 Jun 2023.
- What is the IKIO Lighting Limited IPO subscription status?
- IKIO Lighting Limited IPO was subscribed 67.75x overall: QIB 163.06x, NII 65.38x and retail 14.31x. Day-wise and category-wise figures are on the subscription page.
- What was the IKIO Lighting Limited IPO GMP before listing?
- The last IKIO Lighting Limited IPO GMP before listing was +₹90 (+31.58% against the upper price band of ₹285), implying an estimated listing price of ₹375. GMP is an unofficial grey market indicator and can change quickly.
- What is the IKIO Lighting Limited IPO allotment date?
- The IKIO Lighting Limited IPO basis of allotment was finalised on Tue, 13 Jun 2023. You can check your allotment status on the KFin Technologies Limited website.
- What is the IKIO Lighting Limited IPO listing date?
- IKIO Lighting Limited IPO listed on BSE & NSE on Fri, 16 Jun 2023.
- Is the IKIO Lighting Limited IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹350 Cr (57.71%) with an offer for sale of ₹256.5 Cr (42.29%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the IKIO Lighting Limited IPO?
- The registrar for the IKIO Lighting Limited IPO is KFin Technologies Limited, and the book running lead manager is Motilal Oswal Investment Advisors Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.