IKIO Lighting Limited | Globe Capital Market LTD.
IKIO Lighting Limited
Price Band
₹270 to ₹285 per share
IPO Issue Period
Jun 6, 2023 to Jun 8, 2023
Issue Size
₹607.00 Cr
Face value
₹10 per share
Fresh issue
₹350.00 Cr
Offer for sale
Minimum Shares for Retail
Listing on
Issue Type
Book Building
Registrar to the Issue
Kfin Technologies Limited
Tentative Listing Date
Friday, 16 June 2023

Incorporated in 2016, IKIO Lighting Limited is an Indian manufacturer of light-emitting diode (LED) lighting solutions. In its journey of over seven years, the entity focused on providing sustainability and low-energy LED products to help India meet its sustainability goals.

The product portfolio of IKIO can be categorized as LED lighting, Refrigeration lights, ABS (acrylonitrile butadiene styrene) piping and other products.

The company is primarily an Original Design Manufacturer (ODM). They design, develop, manufacture and supply products to customers. Thereon, the customers further distribute the products under their own brands. Alongside, they also work with the customers to develop, manufacture and supply products as designed by the customers.

The company’s LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories, and components. The products are designed and created to cater to the distinct requirements and expectations of the customers.

The total revenue of IKIO Lighting Limited in the preceding financial years 2022, 2021, and 2020 was 3,339.95 million, .72 million, and 2,218.28 million, respectively.

For year/ period ended ( in Cr.)

H1FY22 FY21 FY20
Total Revenue 3339.95 2145.72 2218.28
Profit After Tax 505.16 288.06 214.07
EPS 7.77 4.43 3.29
OPM (%) 21% 19% 14%
PATM(%) 15% 13% 10%


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

The issue is highly priced based on its financial data and well compares with listed
peers. Hence, Investors can subscribe this for long term basis.

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