Ikio Lighting Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹100(35.09%)
Premium (ELP)
Ikio Lighting Limited's has transitioned to a publicly listed entity following its IPO debut on Jun 16, 2023 at the NSE, BSE exchange. The public offering successfully raised 2,12,80,701 Shares, consisting of 1,22,80,701 Sharesin new capital and ₹256.50 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹270 to ₹285 and minimum application size of 52 shares. Market reception was evidenced through subscription activity between Jun 06, 2023 and Jun 08, 2023, reflecting investor appetite for the offering.
Allotment of shares was completed on Jun 13, 2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2016, IKIO Lighting Limited is an Indian manufacturer specializing in LED lighting solutions, focusing on sustainability and energy efficiency. The company operates as an Original Design Manufacturer (ODM), designing, developing, and producing products for clients who market them under their own brands. Its product portfolio includes LED lighting, refrigeration lights, ABS piping, and related components. IKIO primarily serves the premium lighting segment with customized fittings, fixtures, and accessories. The company reported total revenues of ₹3,339.95 million in FY 2022, ₹2,218.28 million in FY 2020, and ₹1,721.72 million in FY 2021.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
NA
NA
- Hardeep Singh
- Surmeet Kaur
Ikio Lighting Limited
Kfin Technologies Limited