IKIO LIGHTING LTD. IPO was launched on 6-Jun-23. Here is all you need to know about this IPO.
Incorporated in 2016, IKIO Lighting is an Indian manufacturer of light-emitting diode (LED) lighting solutions. In its journey of over seven years, the entity focused on providing sustainability and low-energy LED products to help India meet its sustainability goals. The product portfolio of IKIO can be categorised as LED lighting, refrigeration lights, acrylonitrile butadiene styrene (ABS) piping, and other products. The company is primarily an original design manufacturer (ODM). They design, develop, manufacture, and supply products to customers. Thereon, the customers further distribute the products under their brands. Alongside, they also work with the customers to develop, manufacture and supply products as designed by the customers.
IKIO LIGHTING LTD. IPO Details | |
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Issue Opening Date | 6-Jun-23 |
Issue Closing Date | 8-Jun-23 |
Issue Type | OFFERS FOR SALE CUM FRESH CAPITAL |
Issue Size (INR bn) | 6.1 |
Fresh Issue (No.of shares) | 12,280,701 |
Offer for Sale (No.of shares) | 9,000,000 |
Face Value (INR) | 10.00 |
IPO Price Band (INR) | 270 to 285 |
Market Lot (No.of shares) | 52 |
Min Order Quantity | 52 |
Listing At | BSE / NSE |
Pricing Method | BOOKBUILDING |
Year of Incorporation | 2016 |
Industry | ELECTRIC LAMPS & ACCESSORIES |
Total Issue Size (No.of shares) | 21,280,701 |
Objects Of Issue | REPAYMENT/ PREPAYMENT, IN FULL OR PART, OF CERTAIN BORROWINGS AND ITS SUBSIDIARIES ON CONSOLIDATED BASIS #INVESTMENT IN WHOLLY OWNED SUBSIDIARY, IKIO SOLUTIONS PRIVATE LIMITED, FOR SETTING UP A NEW FACILITY AT NOIDA, UTTAR PRADESH #GENERAL CORPORATE PURPOSES #OFFER RELATED EXPENSES IN RELATION TO THE FRESH ISSUE |
Registrar Details | KFIN TECHNOLOGIES LTD. |
IKIO LIGHTING LTD. IPO Timetable | |
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Bid/Offer Launch Date | 6-Jun-23 |
Bid/Offer Close Date | 8-Jun-23 |
Basis of Allotment Finalization Date | - |
Initiation of Refunds | - |
Credit of Shares to Demat Account | - |
Listing Date | 16-Jun-23 |
IKIO LIGHTING LTD. IPO Shares Offered | |
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Category | Shares Offered |
QIB | 10,640,349 |
HNI | 3,192,106 |
Retail | 7,448,246 |
Employee | - |
Others | - |
Total | 21,280,701 |
IKIO LIGHTING LTD. IPO Promoter Holding | |
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Pre Issue Share Holding | 100% |
Post Issue Share Holding | 72% |
IKIO LIGHTING LTD. Overall Subscription details (Times subscribed) | |
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Category | Subscription Status |
QIB | 66.57 |
HNI | 61.16 |
Retail | 13.77 |
Employee | - |
Others | - |
Total | 47.28 |
IKIO LIGHTING LTD. Date wise Subscription | |||||||
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Date | QIB | HNI | Retail | Employee | Mutual Funds | Others | Total |
Day 1 (6-Jun-23) | 0.32 | 3.06 | 1.69 | - | - | - | 1.41 |
Day 2 (7-Jun-23) | 1.44 | 16.51 | 6.11 | - | - | - | 5.19 |
Day 3 (8-Jun-23) | 165.39 | 65.38 | 14.31 | - | 118.89 | - | 47.73 |
IKIO LIGHTING LTD. Financials | ||||
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Year Ending | - | 31-Mar-21 | 31-Mar-22 | |
Total Income | (Rs m) | - | 1,600.40 | 2,207.20 |
Total Expenditure | (Rs m) | - | 1,324.00 | 1,827.30 |
Net Profit After Tax | (Rs m) | - | 205.80 | - |
Company Address | 411,ARUNACHAL BUILDING, 19,BARAKHAMBA ROAD, CONNAUGHT PLACE, NEW DELHI 110001, DELHI |
Data Sourced from:
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Below is the schedule for the same:
IKIO LIGHTING LTD. IPO
IPO opens on: 6-Jun-23
IPO closes on: 8-Jun-23
The lot size of IKIO LIGHTING LTD. IPO is 52 shares. Investors will need to apply for a minimum order of 52 shares and in multiples thereof.
An investor can apply in IKIO LIGHTING LTD. IPO online using either UPI or Application Supported by Blocked Amount (ASBA) as payment method.
While ASBA IPO application is available in the net banking section, UPI IPO application is offered by brokers who don't offer banking services.
The tentative finalization of basis of allotment for IKIO LIGHTING LTD. IPO will be done on -, and the allotted shares will be credited to your demat account by -.
The tentative listing date of IKIO LIGHTING LTD. IPO is scheduled for 16-Jun-23.
Shares of IKIO LIGHTING LTD. are expected to list on BSE / NSE.
At present, one share of IKIO LIGHTING LTD. has a face value of Rs 10.00.
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