Synopsis
Long-term investors may consider the IPO given the consistent growth in its contract manufacturing for Signify India (erstwhile Philips India) driven by new product development, strong position in customised lighting solutions in the growing segment of branded retail stores, superior operating margin than its peers, and emerging growth opportunities from exports by supplying lighting products for recreational vehicles in the US.
ET Intelligence Group: Ikio Lighting, an original design manufacturer of LED lighting products, is planning to raise ₹607 crore through an initial public offer (IPO). Of this, ₹350 crore is a fresh issue of shares that would be deployed to build a greenfield facility and lower the company’s debt, while the remaining amount is an offer for sale by the company’s founder.Long-term investors may consider the IPO given the consistent growth in its
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