About IKIO Lighting Limited IPO
IKIO Lighting Limited stands as one of the leading ODM manufacturers and end-to-end solutions providers in India for LED lighting, switches, and RV components.
IPO Objectives
- 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
IPO Important Dates
| IPO Date | 6 June 2023 to 8 June 2023 |
| Listing Date | [16 June 2023] |
| Face Value | ₹10 per share |
| Price | ₹270 to ₹285 per share |
| Lot Size | 52 Shares |
| Total Issue Size | (593 Cr to ₹607.00 Cr) |
| Fresh Issue | (Aggregating up to ₹350.00 Cr) |
| Offer for Sale | 9,000,000 shares of ₹10 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 65,000,000 |
why to invest in ikio lighting limited ipo
IKIO Lighting is well-positioned to capitalize on the growth of the LED market, supported by the government's energy savings and efficiency policies.
How to apply for ipo
Demat Account
- If you’re a new investor open AngelOne account using below link https://angel-one.onelink.me/Wjgr/mdg5dkm0 and begin your investment journey.
Noteworthy Highlights of IKIO Lighting Limited
- 93.56% of the company’s restated revenue from operations in FY 2022 was generated by repeat customers.
- It had a total annual installed capacity of 20.31 million pieces of LED lights in 2022.
IPO - SWOT Analysis
Strengths and Opportunities
- Between FY20 to FY22, the company's revenue increased from ₹220 to ₹331 crore, a CAGR growth of over 14%. Meanwhile, its net profit increased at a CAGR of 33 % to ₹50.5 crore during the same period.
- Company has diverse product offerings which helps it to cater to increasing requirements of its clients.
- For the nine month ended 31 December 2022, the company derived over 85% of its revenue from repeat customers. This indicates the company has high customer retention.
- Increasing awareness and adoption of LED lighting compared to incandescent bulbs offers a great opportunity to the company to further expand its product offerings and gain market share.
Weaknesses and Threats
- Company derives a significant portion of its revenue from a single client, Signify Innovations India. Hence any reduction in new orders from this client could impact business growth.
- Company operates in a highly competitive and rapidly evolving industry. Failure to adapt to new technological changes could adversely affect business.
- Depends on third party suppliers for its key components. Any shortfall in supplies of these components or increase in raw material costs could affect the company's product offerings.
No comments:
Post a Comment