IKIO Lighting made a stellar debut on the stock market today. The stock was listed at a premium of 37% and surged up close to 50%, compared to its IPO price, to hit a high of ₹427.50. The company, a leading manufacturer of light-emitting diode (LED) lighting solutions in India, offered its shares at an issue price of ₹285.
The Investment: The IPO of IKIO was structured such that investors had to buy at least one lot, which consisted of 52 shares. Therefore, an investment in the IPO would have cost you ₹14,820. With the stock reaching ₹427 today on a listing date, your investment would now be worth approximately ₹22,204. That’s a significant return of nearly 50%.
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Background: IKIO Lighting’s shares made a strong debut at NSE by listing at ₹392.5, a premium of 37.71% over the issue price of ₹285. The ₹607 crore IPO had a fresh issue of ₹350 crore and an offer of sale (OFS) of 90 lakh equity shares and had received an overwhelming response from investors, as the IPO was oversubscribed by 67 times. Retail investors’ quota was subscribed 13.86 times.
Here is a financial snapshot of the company.
| Particulars | FY22 | FY21 | FY20 |
| Revenue | 331.8 | 213.4 | 220.2 |
| EBITDA | 77.3 | 47.8 | 37.3 |
| EBITDA Margin | 23.3% | 22.4% | 16.9% |
| Net Profits | 50.4 | 28.8 | 21.4 |
Price Action: IKIO Lighting's share price was up 3.38% to trade at ₹405.75 on Friday afternoon.
Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.
Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.
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