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<ul><li>IKIO Lighting listed on the bourses at ₹391 – that’s a premium of ₹106 to the issue price, and in line with what the grey market was expecting. </li><li>The Delhi-based company’s IPO was subscribed 67 times, and it intends to use the funds from the IPO to repay debt, invest in a subsidiary and for general corporate purposes. </li><li>The company is into automotive lighting, LED lighting, daytime running light and much more. </li></ul>The stock of IKIO Lighting made its debut on the bourses on Friday at a 37% premium. Its shares listed at ₹391 – that’s ₹106 higher than its initial public offering (IPO) price of ₹285. As of 9:49 am, the company’s market cap stood at ₹3,021 crore, as per data on BSE. As per grey market indications, the company’s listing was expected to be stellar, with an over ₹100 premium. GMP is the premium at which unlisted company shares are traded in an unofficial market before they are listed on the stock exchanges. “Considering the overwhelming response from all types of investors and oversubscribed by 66.30 times, we are expecting a healthy 25-30% listing performance backed by a market mood. Better- than-expected response to its offer across investor categories was mainly due to its business model of ODM (original design manufacturer) followed by higher operating margins compared to peers and reasonable discounted valuations at the time of IPO when compared to listed peers,” said Prashanth Tapse, senior vice president (research), Mehta Equities. The ₹607-crore IPO opened on June 6 and closed on June 8. The Delhi-based company’s IPO was subscribed 67 times, as it received bids for 101.9 crore equity shares against 1.52 crore shares on offer. While the qualified institutional buyer portion was subscribed 163 times, the non-institutional investors portion was subscribed 65.38 times. The retail portion also witnessed good participation and was subscribed 14.3 times. The IPO had comprised a fresh offer of shares as well as an offer-for-sale by the promoters. The company plans to use the IPO proceeds to repay debt, invest in a subsidiary and for general corporate purposes. The company is into automotive lighting, LED lighting, daytime running lights and more.

Ikio Lighting shines bright on debut, lists at a 37% premium to issue price

<ul><li><keyword id="15151029" type="General" weightage="20" keywordseo="ikio-lighting" source="Orion">IKIO Lighting</keyword> is expected to announce its share allotment status today.</li><li>The shares of IKIO Lighting were subscribed by 67.75 times overall.</li><li>The shares are expected to be listed on the stock exchanges on June 16.</li></ul>Noida-based<a href="https://www.businessinsider.in/stock-market/news/ikio-lighting-ipo-ten-things-to-know-before-you-subscribe/slidelist/100767847.cms"> IKIO Lighting</a>, a manufacturer of light-emitting diode (LED) lighting solutions, is expected to announce the allotment status of its initial public offering (IPO) today, that is June 13. The <keyword id="15151031" type="General" weightage="80" keywordseo="ikio-lighting-ipo" source="Orion">IKIO Lighting IPO</keyword> opened on June 6 and closed on June 8. The price band for the IPO was ₹270 to ₹285 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the IPO was subscribed 67.75 times, receiving bids for 101.92 crore equity shares against 1.52 crore shares on offer. While the qualified institutional buyer portion was subscribed 163.06 times, the non-institutional investors portion was subscribed 65.38 times. The retail portion also witnessed good participation and was subscribed 14.31 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of IKIO Lighting are currently commanding a grey market premium (GMP) of ₹102 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="How to check IKIO Lighting IPO allotment status?" comment="subhead" text="How to check IKIO Lighting IPO allotment status?">How to check <keyword id="17681395" type="General" weightage="100" keywordseo="ikio-lighting-ipo-allotment" source="Orion">IKIO Lighting IPO allotment</keyword> status?</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the IKIO Lighting IPO allotment status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Select IPO and then select ‘IKIO Lighting’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Now, enter the captcha.</li><li>Click on submit.</li></ul>You will be able to see your application status. It will show the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the IKIO Lighting IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘IKIO Lighting’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>You will be able to see the number of shares allotted to you.</li></ul>You must click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="IKIO Lighting listing date" comment="subhead" text="IKIO Lighting listing date">IKIO Lighting listing date</cmsannotation> The shares of IKIO Lighting will be listed on the stock exchanges on June 16. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/covid-19-vaccination-data-reportedly-leaked-id-proof-date-of-birth-and-other-details-available-on-telegram/articleshow/100931799.cms">Covid-19 vaccination data reportedly leaked – ID proof, date of birth and other details available on Telegram</a> <a href="https://www.businessinsider.in/tech/news/covid-19-vaccination-data-reportedly-leaked-id-proof-date-of-birth-and-other-details-available-on-telegram/articleshow/100931799.cms">Tendulkar, Ganguly, Gavaskar analyse team India’s WTC loss and road ahead</a> <a href="https://www.businessinsider.in/tech/news/india-dominates-smartwatch-market-accounts-for-over-a-quarter-of-global-sales-in-q1-2023/articleshow/100522354.cms">India dominates smartwatch market, accounts for over a quarter of global sales in Q1 2023</a>

IKIO Lighting IPO - How to check allotment status, listing date and more

<ul><li>The IPO consists of a fresh issue of ₹350 crore and an offer for sale of upto 7.5 million shares by shareholders and promoters.</li><li>The proceeds from the <keyword id="15151031" type="General" weightage="20" keywordseo="IKIO-Lighting-IPO" source="Orion">IKIO Lighting IPO</keyword> will be used to repay debt worth ₹50 crore. As of August 2022, the company’s total outstanding borrowings amounted to ₹70 crore.</li><li>It is looking to open a new facility at Noida, Uttar Pradesh.</li></ul>IKIO Lighting, which is a provider of light-emitting diode (LED) lighting solutions, has filed draft papers with the Securities Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The company intends to raise as much as ₹350 crore, via a fresh issue and an offer for sale. The proceeds from the IPO will be used to repay debt worth ₹50 crore. As of August 2022, the company’s total outstanding borrowings amounted to ₹70 crore. Further, it is looking to open a new facility at Noida, Uttar Pradesh by investing IPO proceeds worth ₹236 crore via its subsidiary IKIO Solutions. IKIO Lighting has four facilities with one in the SIDCUL Haridwar industrial park in Uttarakhand and three in Noida. As of March 2022, it had an annual installed capacity to manufacture 20.31 million LED light pieces. The company had witnessed a partial shutdown of its units during lockdown. “Due to the nationwide lockdown, we were required to shut down our manufacturing operations from March 25, 2020 to May 3, 2020. Any future restrictions on our workforce’s access to any of our manufacturing facilities and the health and availability of our workforce could limit our ability to meet customer orders and have a material adverse effect on our business, results of operations and financial condition,” said the company in DRHP. In the past three fiscal years, it provided products to over 900 domestic and six international customers. Philips Electronics is one of its largest customers. The company is in negotiations with some of its existing customers to supply their LED home lighting products to their international supply chain. Along with its improving profitability in the last three years, the company’s EBITDA margin has also improved over time. It was at 23.3% in FY22; 22.4% in FY21 and 16.94% in FY20. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fiscal year </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹333 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹50 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹214 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹28 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹221 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹21 crore </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/electronics-mart-india-ipo-set-to-open-on-oct-4-commands-grey-market-premium-of-30/share/articleshow/94620046.cms">Electronics Mart India IPO set to open on Oct 4; commands grey market premium of ₹30/share</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/heres-all-you-need-to-know-about-suzlon-energys-1200-crore-rights-issue-after-founder-tulsi-tantis-death/articleshow/94617068.cms">Here’s all you need to know about Suzlon Energy’s ₹1,200 crore rights issue after founder Tulsi Tanti’s death</a>

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Ikio Lighting shines bright on debut, lists at a 37% premium to issue price

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