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IKIO Lighting

IKIO Lighting is a manufacturer of LED lighting solutions. They are an original design manufacturer (ODM), which means they design, develop, manufacture, and supply products to customers who then distribute them under their own brands.

IKIO Lighting’s products are categorized into four main areas:

  • LED lighting
  • Refrigeration lights
  • ABS piping
  • Other products

Under their refrigeration light segment, IKIO Lighting provides lighting solutions (lights, drivers, and controls) to commercial refrigeration equipment suppliers. They also manufacture ABS piping, which is an alternative to polyvinyl chloride (PVC) piping. ABS piping is primarily used by IKIO Lighting’s US customers for plumbing applications in recreational vehicles (RVs).

IKIO Lighting’s largest customer is Signify Innovations India Limited, formerly known as Philips Electronics India. Signify had a 50% market share in India’s functional decorative lighting category. In addition to Signify, IKIO Lighting has a diversified customer base across all other product segments and geographies. Some of their other customers include Western Refrigeration Private Limited, Panasonic Life Solutions India Private Limited, and Novateur Electrical & Digital Systems Private Limited.

IKIO Lighting IPO Details

Signature Global IPO Details
IKIO Lighting IPO Dates
6 – 8 June 2023
IKIO Lighting IPO Price
INR 270 – 285 per share
Fresh issue
INR 350 crore
Offer For Sale
90,00,000 shares (INR 243 – 256.5 crores)
Total IPO Size
INR 593 – 606.5 crore
Minimum bid (size)
52 shares (INR 14,820)
Face Value
INR 10 per share
NII Allocation
35%
Listing On
BSE, NSE

IKIO Lighting Financial Performance

Signature Global Financial Performance

FY2020

FY2021

FY2022

9M FY 2023

Revenue

140.65

159.66

219.90

240.72

Expenses

118.65

132.40

182.73

196.66

Net income

16

20.58

28.01

34.58

Margin (%)

11.38

12.89

12.74

14.37

Figures in INR Crore unless specified otherwise

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