IKIO Lighting Limited is an Indian manufacturer of light emitting diode (“LED”) lighting solutions. The company is primarily an original design manufacturer (“ODM”) and design, develop, manufacture and supply products to customers and then customers distribute
these products under their own brands.

IKIO Lighting products are categorised as:

• LED Lighting
• Refrigeration Lights
• ABS (acrylonitrile butadiene styrene) Piping
• Other Products

The company manufacture and assemble other products including fan regulators that are designed by their clients; light strips, moulding, and other components and spares.

The company’s largest customer is Signify Innovations India Limited, erstwhile Philips Electronics India Limited (“Signify (Philips)”). IKIO Lighting Limited has a diversified customer base across all the other product segments across industry sectors and geographies which include Western Refrigeration Private Limited, Panasonic Life Solutions India Private Limited and Novateur Electrical & Digital Systems Private Limited.

The company’s R&D department focuses on product designing, tools and mould designing, electronic circuit designing and prototype
designing. As of February 28, 2023, our R&D team consists of 27 members, 14 of whom hold Bachelors of Technology (Electronics & Communication and Mechanical) and the remaining 13 have a diploma in electronics / electricals and graduate degree.

IKIO Lighting Limited has four manufacturing facilities with one located in the SIDCUL Haridwar industrial park in Uttarakhand and three in Noida in the National Capital Region.

The Company’s facilities are ISO 9001:2015 (quality management system), ISO 14001: 2015 (environmental management system) and ISO 45001-2018 (occupational health and safety) certified.

IKIO Lighting IPO – Details

IPO Opening Date	06 June 2023
IPO Closing Date	08 June 2023
Issue Type	Book Built Issue IPO
Issue Size	2,12,80,702 Shares Worth ₹606.5 Crore Fresh Issue: 1,22,80,702 Shares Worth ₹350.00 Crore Offer For Sale: 90,00,000 Shares Worth ₹256.5 Crore
Face Value	₹10 per equity share
IPO Price	₹270 – ₹285
Market Lot	52 Shares
Min Order	52 Shares (1 Lot)
Listing At	BSE, NSE
Register	KFin Technologies Limited
QIB Shares Offered	50%
NII (HNI) Shares Offered	15%
Retail Shares Offered	35%

IKIO Lighting IPO – Date Schedule

IPO Open Date	06 June 2023
IPO Close Date	08 June 2023
Basis of Allotment Date	13 June 2023
Initiation of Refunds	14 June 2023
Credit of Shares to Demat Account	15 June 2023
IPO Listing Date	16 June 2023

IKIO Lighting IPO – Lots Size & Price

Application	Lots	Shares	Amount
Retail (Min)	1	52	14,820
Retail (Max)	13	676	1,92,660
S-HNI (Min)	14	728	2,07,480
B-HNI (Min)	68	3536	10,07,760

Competitive Strengths

• Poised to capture growth of LED market;
• Diverse product basket with focus on high-margin areas;
• Long-term relationships with leading industry customers;
• Strong focus on R&D;
• Established infrastructure with backward integration;
• Strong and consistent financial performance; and
• Experienced Promoters and Management Team.

Company Promoters

• Hardeep Singh
• Surmeet Kaur

Company Financials

Particulars	Total Revenue	Total Expense	Profit After Tax
31 March 2020	140.73	118.64	15.99
31 March 2021	160.03	132.40	20.58
31 March 2022	220.71	182.72	28.01
31 December 2022	243.17	196.66	34.58

Object Of The Issue

• Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on 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 IPO Peer Comparison

S. No.	Face Value	Company Name	PE
1	2	Dixon Technologies (India) Limited	90.93
2	10	Amber Enterprises India Limited	57.07
3	10	Syrma SGS Technology Limited	63.28
4	5	Elin Electronics Limited	13.91

IKIO Lighting IPO Strengths

• Poised to capture growth of LED market.
• Long-term relationships with leading industry customers.
• Strong focus on R&D.
• Strong and consistent financial performance.

IKIO Lighting IPO Risks

• The company is dependent on, and derive a substantial portion of the revenue from, LED lighting products. Any reduction in orders from the LED lighting product line could have a material adverse effect on the business, results of operations and financial condition.
• The company do not receive firm and long-term volume purchase commitments from their customers. If their customers choose not to renew their supply contracts with them or continue to place orders with them, the business and results of operations will be adversely affected.
• Any surplus production on account of inaccurate forecasting of customer requirements and failure to manage inventory could adversely affect the business, results of operations and financial condition.
• The company has experienced negative cash flows in the nine months ended December 31, 2022 and in Fiscal 2022, Fiscal 2021 and Fiscal 2020.

IKIO Lighting IPO Promoter Holding

Pre Issue Share Holding	100.00%
Post Issue Share Holding	72.46%

IKIO Lighting IPO Prospectus

• IKIO Lighting IPO DRHP
• IKIO Lighting IPO RHP

Company Contact Information

IKIO Lighting Limited 411, Arunachal Building, 19 Barakhamba Road, Connaught Place, New Delhi – 110 001 Phone: + 91 120 – 4116186 Email: secretarial@ikiolighting.com Website: www.ikio.in

IKIO Lighting IPO Registrar

KFin Technologies Limited Phone: 04067162222, 04079611000 Email: : ikiolighting.ipo@kfintech.com Website: https://karisma.kfintech.com/

IKIO Lighting IPO Lead Manager(s)

1. Motilal Oswal Investment Advisors Limited

IKIO Lighting IPO FAQs

What is IKIO Lighting IPO? IKIO Lighting IPO is a main-board IPO. The issue is priced at ₹270 to ₹285 per equity share. The IPO is to be listed on BSE & NSE.

When IKIO Lighting IPO will open? The IPO is to open on 06 June 2023 for QIB, NII, and Retail Investors.

What is IKIO Lighting IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to Apply the IKIO Lighting IPO? You can apply IKIO Lighting IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the IKIO Lighting IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “IKIO Lighting”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One.

How to Apply the IKIO Lighting IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “IKIO Lighting”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.

How to Apply the IKIO Lighting IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “IKIO Lighting”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the IKIO Lighting IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “IKIO Lighting”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL.

What is IKIO Lighting IPO Size? IKIO Lighting IPO size is ₹606.5 Cr.

What is IKIO Lighting IPO Price Band? IKIO Lighting IPO Price Band is ₹270 to ₹285.

What is IKIO Lighting IPO Minimum and Maximum Lot Size? The minimum bid is 52 Shares with ₹14,820 amount while the maximum bid is 676 shares with ₹1,92,660.

What is the IKIO Lighting IPO Allotment Date? IKIO Lighting IPO allotment date is 13 June 2023.

What is the IKIO Lighting IPO Listing Date? IKIO Lighting IPO listing date is 16 June 2023. The IPO is to list on BSE and NSE.