Equity shares in IKIO Lighting Limited will be issued via a book-built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for IKIO Lighting Limited is set for the week of June 6th – June 8th, 2023. With a face value of Rs. 10, each of the 21,280,701 shares up for sale in the IPO may bring in as much as 607.00 Cr. for the company. Let’s learn more about their initial public offering scheduled for June of 2023.
About IKIO Lighting Limited
IKIO Lighting Limited is an LED lighting company based in India that was founded in 2016. In the course of its almost seven-year existence, the organization has prioritized supplying India with sustainable, low-energy LED products. IKIO’s product line includes things like LED lights, lights for refrigerators, pipes made of acrylonitrile butadiene styrene, and more.
The bulk of the firm’s business comes from its role as an ODM. Products are created, refined, manufactured, and distributed by them. Then, the consumers spread the wares using their own labels. They also collaborate with clients to create and distribute products of their own design. The company’s premium LED lighting products cover the gamut from illumination to fixtures to components. The products are developed in response to the specific needs and preferences of the target market. IKIO Lighting Limited earned $3,339.95 million in 2022, $.72 million in 2021, and $2,218.28 million in 2020 in total revenue.
IKIO Lighting Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 06th June 2023 |
| Issue Closes | 08th June 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 270 to Rs 285 Per Share |
| Issue Size | 21,280,701 Shares (Rs 607 crores) |
| Minimum Order Quantity | 52 Shares |
| Listing | NSE, BSE |
Purpose of the Issue
The corporation plans to use the Net Proceeds for the following purposes:
- The complete or partial payoff of a debt incurred by the Company or any of its Subsidiaries.
- Investment in IKIO Solutions Private Limited, a wholly owned subsidiary, to establish a new location in Noida, Uttar Pradesh.
- Common business purposes.
IKIO Lighting Limited — Company Contact Details
- Registered & Corporate Office: 411, Arunachal Building, 19 Barakhamba Road, Connaught Place, New Delhi – 110 001
- Telephone: +91 120 – 4116186
- Website: http://www.ikio.in/
IKIO Lighting Limited IPO – Lead Managers of the Issue
Motilal Oswal Investment Advisors Pvt Ltd
- Office Address: 2nd Floor,Palm Spring Centre, Palm Court Complex, New Link Road, Malad (W), Mumbai 400064, India.
- Telephone: +91 22 3980 4380
- Email: query@motilaloswal.com
IKIO Lighting Limited IPO – Registrar of the Issue
Kfin Technologies Limited
- Telephone: 04067162222, 04079611000
- Email: ikiolighting.ipo@kfintech.com
- Website: https://karisma.kfintech.com/
IKIO Lighting Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
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