IKIO Lighting Ltd. IPO

IKIO Lighting is an Indian manufacturer of LED lighting solutions. The company was founded in 2016 and is headquartered in Chittorgarh, Rajasthan. IKIO Lighting has a range of products under its umbrella, including LED spotlights, LED downlights, cove lights, chandeliers, wall lights, pendants, and outdoor lights. The company has a strong focus on sustainability and low-energy LED products.

RHP
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DRHP
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Open Date

2023-06-06

Close Date

2023-06-08

Company Financials

You can get the following financial statements of IKIO Lighting Ltd. as of now.

Subscription Details

The details about the IKIO Lighting Ltd IPO is as:

  • The issue size of the IPO is 607 Cr.
  • The price band for IKIO Lighting Ltd IPO is Rs 270 to Rs 285.
  • The shares of IKIO Lighting Ltd IPO will list on 16th June 2023.
  • The latest tentative GMP of IKIO Lighting Ltd IPO is Rs 90.
  • The shares of IKIO Lighting Ltd is subscribed 67.75 times as of 8th June 2023.

 

IKIO Lighting Ltd IPO Valuation

The approx valuation of IKIO Lighting Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 285
Fresh Issue 350 Cr
Existing Shares (Qty) 6.5 Cr
Market Cap 2202.5 Cr
EPS (FY22) Rs 7.77
PE Ratio 36.67x
Industry PE 56.30x

 

IKIO Lighting Ltd IPO Issue Size

IKIO Lighting Ltd IPO issue size is 607 Cr.

Issue Amount
Fresh Issue 350 Cr
Offer For Sale 257 Cr

 

IKIO Lighting Ltd IPO Market Lot

An Individual can apply for a minimum 1 lot of 52 shares and a maximum of 13 lots of 676 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 52 Rs 14,820
 Maximum 13 676 Rs 1,92,660

 

IKIO Lighting Ltd IPO Offer

The shares of IKIO Lighting Ltd is subscribed 67.75 times as of 8th June 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 163.06 Times
Non-Institutional Minimum 15% 65.38 Times
Retail Individual Minimum 35% 14.31 Times
Total   67.75 Times

 

IKIO Lighting Ltd Grey Market Premium

As on GMP (Tentative)
2 June 2023 Rs 50
4 June 2023 Rs 70
5 June 2023 Rs 90
6 June 2023 Rs 105
7 June 2023 Rs 105
8 June 2023 Rs 115
9 June 2023 Rs 120
11 June 2023 Rs 100
12 June 2023 Rs 90

IKIO Lighting Ltd IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for IKIO Lighting Ltd IPO:

Schedule Date
Basis of Allotment 13 June 2023
Refunds 14 June 2023
Credit to Demat Account 15 June 2023
IPO Listing Date 16 June 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 140.65 159.66 219.9 241.36
Total Expenditure 114.31 129.38 179.75 202.42
Operating Profit 26.34 30.28 40.15 38.94
Other Income 0.08 0.38 0.82 2.63
Interest 2.09 0.56 0.53 5.74
Depreciation 2.24 2.46 2.45 2.9
Exceptional Items 0 0 0 0
Profit Before Tax 22.09 27.64 37.99 32.93
Provision for Tax 6.09 7.06 9.98 8.29
Net Profit 15.99 20.58 28.01 24.64
Adjusted EPS (Rs.) 0.25 0.32 0.43 0.38

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.05 0.05 25 65
Total Reserves 27.6 48.27 51.44 36.16
Borrowings 2.66 2.09 1.11 0.34
Other N/C liabilities 0.22 0.12 0.56 0.34
Current liabilities 20.31 23.16 34.08 47.01
Total Liabilities 50.84 73.69 112.19 148.86
Assets
Net Block 15.1 15.44 17.23 17.76
Capital WIP 0 0 0 0
Intangible WIP 0 0 0 0
Investments 0 0 0 13.01
Loans & Advances 0.13 0.42 1.23 13.76
Other N/C Assets 0 0.01 0.01 0
Current Assets 35.61 57.82 93.73 104.32
Total Assets 50.84 73.69 112.19 148.86
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023
Other Income 1.86 6.71 5.36
Profit Before Tax 9.2 14.72 8.84
Tax 2.42 4.13 2.05
Profit After Tax 6.78 10.6 6.79
Adjusted EPS (Rs) 0.88 1.37 0.88

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 72.46 0
Sep 2023 72.46 0
Jun 2023 72.46 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 22.09 27.64 37.99 32.93
Adjustment 4.31 3.19 2.96 7.15
Changes in Assets & Liabilities -4.9 -23.33 -37.47 23.08
Tax Paid -8.28 -7.55 -8.74 -10.1
Operating Cash Flow 13.21 -0.05 -5.25 53.06
Investing Cash Flow -3.88 -2.99 -4.56 -56.32
Financing Cash Flow -4.64 -3.37 10.27 2.68
Net Cash Flow 4.7 -6.41 0.46 -0.58
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