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IKIO Lighting Limited IPO Update an Indian producer of light-emitting diode (LED) lighting systems, was established in 2016. To assist India in achieving its sustainability goals, the organization concentrated its more than seven-year journey on offering low-energy and sustainable LED goods.
LED lighting, refrigeration lights, ABS (acrylonitrile butadiene styrene) pipework, and other products can all be found in IKIO’s product line.
The business mostly produces original designs (ODM). They create, develop, produce, and supply goods to clients. Following that, the clients continue to market the goods under their own brands. Additionally, they collaborate with clients to create, produce, and supply products that the customers have designed.
Offerings from the company for LED lighting include lighting, fittings, fixtures, and accessories, and are targeted at the luxury market.
The total revenue of IKIO Lighting Limited in the preceding financial years 2022, 2021, and 2020 was 3,339.95 million, .72 million, and 2,218.28 million, respectively.
The following items will be funded with the help of the net proceeds, according to the company:
Return or prepayment, in full or part, of some borrowings obtained by the company and its subsidiaries collectively Investment in IKIO Solutions Private Limited, a wholly-owned subsidiary, to build a new plant in Noida, Uttar Pradesh broader corporate objectives.
