IKIO Lighting IPO - Integrated Manufacturer Of LED Lights: ICICI Direct

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct's IPO Report.IKIO Lightings Ltd. is an integrated player providing original design manufacture services in the LED lighting segment. The company’s LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories and components.IKIO’s business segment includes: LED lighting, refrigeration lights, ABS piping and other products. LED lighting contributes ~87% to overall revenue. Signify (Philips) is one of the major clients of the company in LED lighting segment. IKIO is largely into manufacturing premium products. It reported strong revenue, earning compound annual growth rate of ~23%, ~54% in FY20-22, respectively.Key triggers/Highlights:Government incentives, China plus one strategy to drive growth of domestic LED lighting EMS industry.Rising aspirations, incomes to drive high end home and decorative lighting.Focus on expansion into high margin product categories.Brownfield expansion through IPO proceeds to drive future revenue growth.Long term relationships with leading industry customers.Leveraging existing customer base to push export revenue.Key risk and concernsHigh customer concentration.Dependency on single product category.High dependency on imports for supply of raw materials.Has a high working capital..Click on the attachment to read the full IPO report:.IKIO Lighting IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

IKIO Lighting IPO - Integrated Manufacturer Of LED Lights: ICICI Direct

The Delhi-based company is eyeing a market value of Rs 2,202.5 crore at the upper end of the price band of Rs 270–285 apiece.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

IKIO Lighting IPO - Integrated Manufacturer Of LED Lights: ICICI Direct

The Delhi-based company is eyeing a market value of Rs 2,202.5 crore at the upper end of the price band of Rs 270–285 apiece.

Choose a plan

Follow Us

DOWNLOAD THE APP