Ikio Lighting’s core strengths, growth drivers offer a good long-term play
Business

Ikio Lighting’s core strengths, growth drivers offer a good long-term play

By Dan Neff

As a result, the number of SKUs (stock-keeping units or unique products) supplied to Signify India has increased to 753 at the end of December 2022 from 228 in FY18.

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

BY

ET Bureau

5 mins read, Last Updated:

  • FONT SIZE

    AbcSmall

    AbcMedium

    AbcLarge

  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Read this story for free.

Unlock your 30 days free access to ETPrime now.

Login to unlock

*No card details required.

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

  • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News. 

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.

Dan Neff