IKIO Technologies Limited , formerly known as IKIO Lighting Limited, has submitted its monitoring agency report for the quarter ended September 30, 2025, detailing the utilization of proceeds from its Initial Public Offering (IPO) launched in June 2023.

IPO Proceeds Allocation and Utilization

The company raised a total of Rs 6,065.00 million through its IPO, comprising a fresh issuance of Rs 3,500.00 million (revised net proceeds of Rs 3,261.41 million) and an offer for sale of Rs 2,565.00 million. The proceeds were allocated across three main objectives:

Key Highlights

• Full Utilization for Debt Repayment: The company has fully utilized the allocated Rs 500.00 million for repayment or prepayment of certain borrowings.
• Subsidiary Investment Progress: Out of the Rs 2,123.12 million allocated for investment in IKIO Solutions Private Limited to set up a new facility in Noida, Rs 1,420.30 million has been utilized.
• General Corporate Purposes: Nearly all of the Rs 638.29 million allocated for general corporate purposes has been utilized, with only Rs 0.51 million remaining.

Unutilized Proceeds Management

The company has managed its unutilized proceeds as follows:

• A total of Rs 736.38 million in unutilized proceeds is currently deployed in fixed deposits and bank accounts.
• The majority of these funds are invested in fixed deposits with HDFC Bank, with maturity dates ranging from October 2025 to August 2026.
• These fixed deposits are earning interest rates between 6.15% and 7.55%.

Compliance and Transparency

CRISIL Ratings Limited, appointed as the Monitoring Agency, has reported no deviations from the disclosed objects of the issue. The company has obtained all required government approvals related to the stated objectives.

Future Outlook

With a significant portion of the IPO proceeds already utilized, IKIO Technologies is positioned to leverage its investments, particularly in its new manufacturing facility through IKIO Solutions. The company's allocation of funds towards debt repayment and expansion initiatives demonstrates its approach to financial management and growth.

Investors may view this report as an indication of the company's commitment to transparent financial practices and adherence to its stated objectives post-IPO. As IKIO Technologies continues to deploy the remaining funds, particularly in its subsidiary's new facility, stakeholders will be observing the impact on the company's operational capabilities and market position in the consumer electronics sector.

IKIO Technologies Limited , formerly known as IKIO Lighting Limited, has reported a strong financial performance for the second quarter and first half of fiscal year 2026, showcasing significant growth and diversification in its business operations.

Key Financial Highlights

• Revenue Growth: The company's revenue from operations surged by 31% year-over-year to Rs 1,642 million in Q2FY26, compared to Rs 1,250 million in Q2FY25.
• Other Business Segment: This segment, which includes hearables, wearables, and Middle East operations, grew by 71% year-over-year to Rs 1,152 million in Q2FY26.
• EBITDA Performance: EBITDA increased by 63% quarter-over-quarter to Rs 184 million, with an EBITDA margin of 11.2%.
• Profit After Tax: PAT saw a substantial increase of 358% quarter-over-quarter to Rs 109 million, with a PAT margin of 6.6%.

Business Diversification and Expansion

IKIO Technologies has successfully diversified beyond its core home lighting business:

• The company has expanded into new product categories, including hearables (such as TWS earphones) and wearables (like smartwatches).
• There's a strong focus on the Middle East market, particularly Dubai, which is showing significant traction.
• The company has expanded globally, with 23% of H1FY26 revenue (Rs 365 million) coming from outside India.

Operational Developments

• A new 2 lakh sq ft manufacturing facility in Noida became operational in May 2024, enhancing the company's export business capabilities and new product development for the domestic market.
• IKIO has installed a 200 KVA solar rooftop panel at the new facility for captive use, aligning with sustainable energy practices.

Future Outlook

The company's growth outlook remains strong, supported by:

• Addition of new customers and products
• Expansion into the Gulf market for product display segment exports
• Continued traction in the US market through its subsidiary, Royallux LLC

Financial Position

As of September 30, 2025:

• Total equity stood at Rs 5,787 million
• Current assets were Rs 4,078 million, including cash equivalents and bank balances of Rs 883 million

IKIO Technologies' performance demonstrates its successful strategy of diversification and global expansion, positioning it well for continued growth in the evolving lighting and consumer electronics markets.

Note: All financial figures are in Indian Rupees (INR) unless otherwise stated.