Ikio Lighting IPO Analysis @ Chanakyanipothi.com,
India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 22 Years

Ikio Lighting IPO Promoters
HARDEEP SINGH AND SURMEET KAUR

Ikio Lighting IPO Company Details

The company an Indian manufacturer of 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.
Its products are categorized as (i) LED lighting; (ii) refrigeration lights; (iii) ABS piping; and (iv) other products. Its LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories and components. The company provides lighting solutions (lights, drivers and controls) to commercial refrigeration equipment suppliers under our refrigeration light segment. It also manufactures an alternative to 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 assembles 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. 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 industry sectors and geographies which include Western Refrigeration Private Limited, Panasonic Life Solutions India Private Limited and Novateur Electrical & Digital Systems Private Limited. The company has a history of high customer retention. In Fiscal 2022, it derived approximately 93.56% of its restated revenues from operations from repeat customers.

For more information, click www.ikio.in

Objects of the IPO
The Company proposes to utilise the Net Proceeds towards funding 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

Go to SME IPOs Section: Click