IPO listed yesterday and surged to 41.67 per cent from issue price!
IPO listed with 37.19 per cent premium on the BSE.
IKIO Lighting Ltd initial public offering (IPO) price on the BSE was Rs 391, up 106 points or 37.19 per cent from its issue price of Rs 285.
It hit high and low of Rs 427.40 and Rs 391 respectively. It was closed at Rs 403.75 up by 3.26 per cent from opening price and 41.67 per cent up from issue price. So far 17,25,879 shares were traded on the counter at BSE. The BSE group ‘B’ stock has face value of Rs 10 with market capitalization of Rs 3120 crore.
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On the financial performance front, for the last three fiscals, ATL has (on a consolidated basis) posted a revenue/net profit of Rs 221.83 crore /Rs 21.41 crore (FY20), Rs 214.57 crore/Rs 28.81 crore (FY21), and Rs 334 crore/Rs 50.52 crore (FY22).
Company is a manufacturer of light-emitting diode (LED) lighting products based in India. The company provides low-energy LED products to assist India in meeting its sustainability targets. The company is largely an original design manufacturer (ODM), designing, developing, manufacturing, and supplying products to customers who then resell them under their own names. ILL also collaborates with customers to develop, manufacture, and supply products designed by them.
The pre-issue shareholding is 100 per cent, post the IPO the promoter stake will be 72.46 per cent.