IKIO IPO: Issues to look out for

IKIO Lighting Ltd., an organization that makes a speciality of LED lighting options, will start accepting subscriptions for its preliminary public providing (IPO) on June 6.

The agency is a producer of light-emitting diode (LED) lighting options, with a major emphasis on creating LED merchandise which can be each environmentally pleasant and low in vitality consumption.

Its major focus is as an Unique Design Producer (ODM), and its product vary contains, amongst different issues, LED lighting, lights for refrigeration, ABS pipe, and different objects. The preliminary public providing (IPO) of IKIO Lighting has a worth of greater than 607 crore, which locations a worth of round 2,200 crores on the agency.

IKIO Lighting’s preliminary public providing is scheduled to start buying and selling on June 6; the worth vary has been established at 270-285 yen per share. The next is an inventory of the highest ten information it’s best to know in regards to the IKIO Lighting IPO:

1. The dates for the bids are June 6 by way of June 8 

2. The pricing vary for the primary providing can be 270 to 285 yen per share

3. The dimensions of the difficulty: The preliminary public providing (IPO) of IKIO Lighting could have a complete difficulty measurement valued at 607 crore rupees. This will likely be comprised of latest issuance of fairness shares valued at as much as 350 crore rupees and an offer-for-sale (OFS) of as much as 90 lakh fairness shares by the corporate’s proprietors. 

4. Lot Measurement The minimal funding quantity for particular person buyers is 14,820 because the lot measurement for the IKIO Lighting IPO is 52 shares and the lot measurement is 52 shares. As much as 13 heaps are up for bidding for retail buyers.

5. Foundation of allocation On June 13, the idea of allotment of IPO shares will likely be decided, and on June 14, the method of initiating refunds will start. On June 15, the primary public providing shares will likely be credited to the demat accounts of certified buyers.

6. The day when IKIO Lighting shares will likely be listed on the BSE and NSE markets is the sixteenth of June.

7. The aim of the providing is to boost capital for the agency, which can use the cash to repay present debt, make an funding in its wholly-owned subsidiary IKIO Options, and canopy different basic enterprise bills.

8. Kfin Applied sciences is the difficulty’s registrant, and IKIO Lighting’s preliminary public providing is being dealt with by them.

9. Guide-running lead managers: Motilal Oswal Funding Advisors is the one book-running lead supervisor for the preliminary public providing (IPO) of IKIO Lighting.

IKIO Lighting IPO gray market premium (GMP) in the present day is 50 per share. 10. IKIO Lighting IPO gray market premium (GMP) in the present day. The IKIO Lighting IPO GMP on June 2 has stayed the identical because the GMP on June 1, which signifies that there was no change. On the thirty first of Could, the GMP was 20.

In response to the GMP from June 2 of fifty and considering the higher worth vary of 285, the anticipated itemizing worth for IKIO Lighting shares will likely be 335 per share. 

Numerous different specifics

Hardeep Singh and Surmeet Kaur, who’re the promoters of IKIO Lighting, are planning to promote as much as 90 lakh shares within the OFS. In the course of the preliminary public providing (IPO), the enterprise has put aside 35% of the shares for the class of retail buyers, 15% for the class of non-institutional buyers, and 50% for the class of certified institutional consumers (QIB).

IKIO Lighting has 4 manufacturing websites, certainly one of which may be discovered on the SIDCUL Haridwar industrial park in Uttarakhand, whereas the opposite three may be present in Noida, which is situated within the Nationwide Capital Area.

IKIO Lighting recorded a web revenue of fifty.52 crores for the monetary yr that resulted in March 2022. This determine represents a big improve when in comparison with the corporate’s web revenue of 28.81 crores for the earlier fiscal yr. 

The agency reported a web revenue of 51.35 crore rupees for the fiscal interval that resulted in December 2022, whereas its gross sales for the interval had been 332.79 crore rupees.