IKIO Lighting IPO opens today: Analysts upbeat over growth prospect, fair valuation
Analysts point out that the company’s substantial portion of revenue comes from a single customer, Signify innovation India Limited, erstwhile Philips India – 70 percent revenue in 9MFY23, which is a concentration risk. Any slowdown in the business of Signify will spell an omen for IKIO.
Source: moneycontrol.com