The Rs 607-crore initial public offering of IKIO Lighting will open for public subscription on June 6. For the nine months ended December 31, 2022, the company's revenue from operations stood at Rs 328.63 crore, and profit after tax stood at Rs 51.35 crore.
The company posted a revenue growth of 55.47% to Rs331.84 crore in FY22. Its profit after tax has jumped 75.37% from Rs 28.81 crore in FY21 to Rs 50.52 crore in FY22.
Some of its peers include Dixon Technologies, Amber Enterprises, Syrma SGS Technology, and Elin Electronics.
Motilal Oswal Investment Advisors is the sole book-running lead manager. The company had filed its draft papers in October last year and received regulatory approval in December.
