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Ikio Lighting IPO Particulars & Review @ Chanakyanipothi.com, India`s Oldest & the most Trusted Investment website for coming up IPOs. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.

 

Who are the promoters of Ikio Lighting?
Hardeep Singh & Surmeet Kaur

Ikio Lighting IPO Particulars & Guidance
Very Elaborate Business Information: 

The company is an Indian manufacturer of light emitting diode (“LED”) lighting solutions. It is focused on sustainability and providing low energy LED products to help India meet its sustainability goals. It is primarily an original design manufacturer (“ODM”) and design, develop, manufacture and supply products to customers who then further distribute these products under their own brands. It also works with its customers to develop, manufacture and supply products that are designed by its customers. The products are categorised as (i) LED lighting; (ii) refrigeration lights; (iii) ABS
(acrylonitrile butadiene styrene) piping; and (iv) other products. Its LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories and components. It provides lighting solutions (lights, drivers and controls) to commercial refrigeration equipment suppliers under its refrigeration light segment. It also manufactures an alternative to polyvinyl chloride (“PVC”) piping called ABS piping that is primarily used by its US customers for plumbing applications in the recreational vehicles (“RVs”) that they fit out. In addition, it manufactures and assemble other products including fan regulators that are designed by its clients; light strips, moulding, and other components and
spares. Its equipment and systems are used in various industries and products, including residential, industrial and commercial lighting.

Its largest customer is Signify Innovations India Limited, erstwhile Philips Electronics India Limited ,
which according to Frost & Sullivan in Fiscal 2022 had a 50% market share in India’s functional decorative lighting category (including LED spotlights, LED downlights and cove lights) and a 10% market share in India’s true-blue decorative lighting segment (including chandeliers, wall lights, pendants, outdoor lights).

One of its Promoters, Hardeep Singh, has a 10 year long relationship with Signify (Philips)
In addition to Signify (Philips), it has a diversified customer base across all its 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. It has a history of high customer retention. In Fiscal 2022, it derived approximately
93.56% of its consolidated restated revenues from operations from repeat customers. In the nine months ended December 31, 2022 and Fiscal 2022, it derived 73.63% and 78.81% of its proforma consolidated revenues from operations from repeat customers.

For more information, click www.ikio.in

What are the Objects of Ikio Lighting IPO?
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company and its Subsidiaries on consolidated basis;
2. Investment in its wholly owned Subsidiary, IKIO Solutions Private Limited, for setting up a new facility at Noida, Uttar Pradesh;

Ikio Lighting IPO Particulars & Guidance

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