UKB Electronics Limited Files DRHP with SEBI, Plans for ₹800 Crore IPO

UKB Electronics Limited is planning for its Initial Public Offering (IPO). It has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming to raise ₹800 crore through the public offering. The proposed IPO will be a combination of fresh issue and offer for sale (OFS). The promoters selling shareholders for the IPO are Manoj Tayal, Vinay Kumar Tayal and Manik Tayal.

Founded in 2004, UKB Electronics is an electronic manufacturing services (EMS) provider with end-to-end capabilities in product design, prototyping and manufacturing electronic and electrical products and solutions. 

UKB Electronics Limited IPO Details

According to the DRHP, 

• The IPO will comprise a fresh issue of face value of ₹2, each aggregating up to ₹400 crore and an offer for sale (OFS) of face value of ₹2 each aggregating up to ₹400 crore.
• Under the OFS, both Manoj Tayal and Vinay Kumar Tayal plan to sell shares valued at ₹135 crore each, while Manik Tayal will be offloading shares worth up to ₹130 crore.
• The equity shares are proposed to be listed on both the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.
• Motilal Oswal Investment Advisors Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited) are the book-running lead managers of the public issue.
• KFin Technologies Limited will be the registrar for the UKB Electronics IPO.

Utilisation of Proceeds

The Company proposes to utilise the Net Proceeds from the issue for the following purposes:

• Pre-payment or repayment, in full or in part, of certain outstanding borrowings availed by the Company.
• Purchase of plant and machinery for the company’s existing manufacturing facilities.
• General corporate purposes.

About UKB Electronics Limited

UKB Electronics Limited, formerly UKB Electronics Private Limited, is an electronic manufacturing services (EMS) provider, operating since around 2004. Headquartered in Noida with manufacturing units across India and a U.S. presence, the company offers end-to-end services including product design, prototyping, and full-scale manufacturing.

The company specialises in a wide range of products such as wiring harnesses, printed circuit boards (PCBs), remote controls, power cords, advanced wiring cables, and EV charging solutions.

In FY25, the company recorded a revenue of ₹787 crore, which is higher than that of ₹579 crore in FY24. Similarly, the net profit rose to ₹46 crore as compared to ₹26.7 crore in FY24.

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