The IPO consists of a contemporary challenge of fairness shares price as much as Rs 350 crore and an offer-for-sale (OFS) of as much as 90 lakh fairness shares by promoters Hardeep Singh and
On the higher finish of the value band, the preliminary share-sale will fetch Rs 606.5 crore.
Proceeds from the contemporary issuance price Rs 50 crore can be used for debt fee, Rs 212.31 crore can be used within the firm’s wholly-owned subsidiary,
The corporate mentioned that half of the difficulty dimension has been reserved for certified institutional patrons (QIBs), 35 per cent for retail traders and the remaining 10 per cent for non-institutional traders.
Additional, traders can bid for at least 52 fairness shares and in multiples of 52 fairness shares thereafter.
IKIO Lighting is a producer of light-emitting diode (LED) lighting options. It’s primarily an authentic design producer (ODM) and designs, develops, manufactures and provides merchandise to prospects who then additional distribute these merchandise below its manufacturers.
It has 4 manufacturing amenities with one situated within the SIDCUL Haridwar industrial park in Uttarakhand and three in Noida within the Nationwide Capital Area.
IKIO Lighting’s income from operations jumped 55.47 per cent on year-on-year foundation to Rs 331.84 crore in fiscal 2022 from Rs 213.45 crore in fiscal 2021 and revenue after tax surged 75.37 per cent to Rs 50.52 crore from Rs 28.81 crore throughout the interval.
Motilal Oswal Funding Advisors is the only real book-running lead supervisor to the difficulty. The fairness shares are proposed to be listed on the BSE and NSE.
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