IKIO Lighting IPO, Review, IPO Performance by IPOPlatform India

About IKIO Lighting

Company Information

IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (“LED”) lighting solutions, focused on sustainability and providing low-energy LED products to help India meet its sustainability goals. Primarily an original design manufacturer (“ODM”), the company designs, develops, manufactures, and supplies products to customers who then distribute these products under their own brands. It also collaborates with customers to develop, manufacture, and supply products designed by the customers. The company’s products are categorized into (i) LED lighting, (ii) refrigeration lights, (iii) ABS (acrylonitrile butadiene styrene) piping, and (iv) other products. Its LED lighting offerings target the premium segment and include lighting, fittings, fixtures, accessories, and components. The company provides lighting solutions (lights, drivers, and controls) to commercial refrigeration equipment suppliers under its refrigeration light

Object of Issue

Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on a consolidated basis
Investment in the wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh
General corporate purposes

IKIO Lighting MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Jun, 2023

IPO Size :

606.50 Cr.

Market Cap :

2202.50 Cr.

IPO Subscription :

67.75 X

PE Multiple :

0.00

Merchant Banker :
Motilal Oswal Investment Advisors Limited

IPO Registrar:
Kfin Technologies Limited

FAQs

1. What is IKIO Lighting IPO?

IKIO Lighting operates in Electric Equipments and LED Lighting Solutions And Other Specialized Products. The Issue is listed on MainBoard in Jun, 2023. IKIO Lighting IPO size was 606.50 Cr. with Issue price of 285.00 .

2. Who is the merchant banker of IKIO Lighting IPO?

Merchant Banker(s) of IKIO Lighting IPO: Motilal Oswal Investment Advisors Limited

3. How many times IKIO Lighting IPO was subscribed?

IKIO Lighting IPO subscription was 67.75 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of IKIO Lighting IPO?

IKIO Lighting IPO listed at a listing price of 403.75 against the offer price of 285.00.

5. What is the current market price of IKIO Lighting IPO?

The current market price of IKIO Lighting is 244.89.